The global shipping containers market is projected to reach $12.08 billion by 2027, registering a CAGR of 4.3% till 2027. When it comes to a developing nation like India where there is rapid growth in the imports and exports industry, the future looks very bright for establishments that are into the shipping industry as well as shipping container manufacturing and leasing. However, manufacturing of containers is currently not done on a native scale. This has been a result of mass production of containers in China that gets distributed throughout the world eliminating all other competition. But now, the scenario is changing. With the growth in the import infrastructure of the country, a lot of international companies are having their operations in India that demands shipping containers and cargo ships.
There is, however, one problem that worries clients in this domain. Though many companies are in the business of leasing shipping containers, not many of them offer a trusted hand in case of emergencies. There are a few complexities involved in leasing patterns many companies abide by and resultantly, clients have to face operational difficulties. G G Marine Containers got incepted in 2015 with the idea of lease shipping
containers to clients maintaining a sense of absolute trust for them to have a seamless and effortless experience.
Mani Pillai, Director, G G Marine Containers, “I was working for company named Cronos Containers since 1993 which was based from UK and from there I started working for a shipping container leasing company (VS&B Containers) in India that was working as an agent for Cronos Containers in India. I was employed there for 20 years until I started my own leasing company. That is when I partnered with a leading leasing co from Europe Sogeco International and started working as an agent for them in India and Indian Sub-Continent.”
Growth Story and Roadmap Ahead
Since 2015, the company has had a very successful journey. During the initial years of business, it grew very trusted relationships with the clients, which is why even when the pandemic hit, it could positively sustain in the market and grow the revenue margin as much as it had in the previous years. G G Marine currently owns more than 1000 shipping containers and with the support provided by Sogeco, the number of containers that are on lease presently becomes a lot more. “Because the cost of a container or the cost to lease a container is more or less the same for every provider, building healthy relationships with the client pays a lot. In case, a client is no longer in need of a container, we help in repositioning of the container in a hassle-free way”, mentions Mani.
G G Marine currently owns more than 1000 shipping containers and with the support provided by Sogeco, the number of containers that are on lease presently becomes a lot more.
According to the Director, there is a lot to be done in the shipping container industry in India. The government should acknowledge more businesses in this domain and have a strong fleet of many container ships by Indian companies in order to make the imports and exports prosper. Keeping all that in mind, the company wants to increase its leasing capacity to 150 percent in the coming two years. Speaking more about the future plan of the company, the director concludes, “We are thinking of getting into refrigerating containers and various other kinds of containers that are available in the market. In the long run, we plan to set up a small manufacturing unit in order to cater to the growing demands of the market.”