Their responses highlight significant differences between investing in container shipping versus bulk commodity shipping. In addition to checking for reviews, it is also essential to check the price. I feel that we do not in fact own anything, and the money we have invested is used in part to pay clients some kind of dividend PT were more than helpful doing another transfer for the full amount by a different method and said when the other payment is released they would adjust it on future payment. According to the online marketing blurb, an investor can hand over $US4100 (the $A price varies with the exchange rate) to buy a 40-foot (about 13-metre) shipping container backed by ownership documents from OYOSC. did you ever find out if it was legit? }); googletag.cmd.push(function() { This is not the way the business works and individual boxes are not micro-managed this way. What are the numbers of these containers? Well after some months of investigating I finally generated a leap of faith and bought 20 containers. You cracked the case. window.googletag = window.googletag || {cmd: []}; If they just took your money, nothing back, you would tell the world and noone else gets sucked in. I am part of a Pacific Tycoon Investors group on facebook of more than 50 members. Luckily, on Container xChange, you can find the containers you need at a price that suits your budget. if you read comments carefully you can see there is something smelly in the whole scheme. There is nowhere investors can view their container - not that this means much since they all look much the same anyway! If they get caught no doubt they will go to jail. DO NOT BUY. In my research, even in the forums I was unable to find one person who could actually could claim they had bought containers from PT and then lost money as a result. All payments are credited in real time, and you can check all credits and charges online in one place. - Quora Answer (1 of 2): See User-10049116627271153116 's answer for an insider viewpoint. Plus, prices and rates are completely negotiable. Do you know anything about container shipping or container leasing? googletag.pubads().enableSingleRequest(); The pick up charge is, Once the container has been repositioned, you sell it at around, For the container leasing investment method, you purchase shipping containers and then lease them out for. Then recovery. Sounds like you've been burned. And right now, its not. Once youve found a high-demand area, sell your equipment at a profit. So investing in containers has serious potential for long-term success. (Why not 'round-trip China' in the lease terms?). Then, sell it in a high-demand location like Winnipeg, Canada for around US $3,457. if I were Mr. James McKay and others who claim to have performed due diligence on Davenport and PT, I would be asking these companies for pictures of 'his' containers, the container numbers, the factory specs, a copy of the building order, which Chinese factory, a copy of the CSC plates and to which shipping company these are currently on lease. So if you calculate 12% yearly over 15 years minus loss of original investment 4100$ it comes out to about 5% return annually. They will not lose their value entirely as they hold material and functional value. At last, say goodbye to hours of calling sources to get the latest market data. It is nothing but a ponzie scheme, all calls are from Sydney. Regards I wish I could collect 5% of all the money people have lost because I could have saved them all 95% of their so-called investment. Davenport Laroche is here to help your investments run smoothly and successfully; from sourcing shipping containers, to leasing them, right down to transferring your income. This includes 20ft, 40ft and 40ft HC equipment, used to ship clothing, electronics and grains. So why not broaden your investment horizons and buy a shipping container or two, leasing them and getting a 12% per year guaranteed return? Whats more, deal directly with partners no fuss, no middlemen. I have tried to cancel my contract with PT and they promised to deposit my money in December 2016 and January 2017 and to this day I have not seen a penny. Step 3: Choose the condition and grading of the container Step 4: Find out how much a shipping container costs Step 5: Where to buy a shipping container? They continue to offer " guaranteed " 12% + returns for a number of years with the option to get your full initial investment back at the end of the agreement. So instead of getting $5k. YOU end up getting the scammers $100k - $1million. Here, youll be buying up containers to form a fleet, and then leasing out this fleet to make money over months and even years. I owned 9 containers from a construction business I used to own that were sitting in a field. Up to July 2015 the monthly return was excellent between 24% to29.14%. Was thinking about investing in containers but all this put me off a bit think I'll be investing elsewhere. Because we know you dont have time to deal with sneaky hidden fees. So make sure you consider all of the below points before going for it. He currently resides in Manhattan with his wife and two Shih Tzus. Thank you James for your comments. Thank you so much for your positive note about investing on containers, in the whole article you just said about PT but not about Davenport. I have a friend who has been with PT for just under 4 years. They are not responding to my instructions to buy out at market value. Just give us a call on 0870 240 9405 or send an email to sales@gapcontainers.co.uk and we'll get back to you. is it worth to do ? With us, you have only one payment partner to deal with. This year has been different. When a bank or foreign exchange broker advises they cannot send to that bank account (100% it's dodgy) they're unfortunately not allowed to tell clients that the bank account is linked to a Ponzi scheme because it's illegal to tip off the investor as they may tell the Ponzi scheme. The website alluded to in the first comment section refers to "Scamnet" from the WA government who start off their assessment with WA, "ScamNet has never received any reports of monetary loss to sea container investment schemes but blog threads suggest there are people who have lost money and what has been a genuine line of business now appears to be a target for scammers.". I have been through blogs and comments, and got to known that earlier PT has performed well, but from last some months there are issue facing by investors.. Webber believes a better way to invest in the container-shipping space is to buy stocks in the box-equipment lessors that own containers and rent them to liners (as with ships, liner companies own . Many sellers dont have your best interests at heart. You've summed it up for me! On further questioning the CBA (reluctantly) admitted that none of the complaints had actually come from people who had gone through with their transaction and that none of the people who had sent money had complained??? So you think it's legit and tell your family and friends. The shipping industry currently accounts for 80% of world trade by volume and more than 70% by value. These are also meant to be purchased by Pacific Tycoon under my 2013 contract. For the container leasing investment method, you purchase shipping containers and then lease them out for one-way moves. I've read that they pay people to log on to blogs like this and write comments about how good things are going and how much returns they are making. sound familiar? How is your investment with PT after the initial 4 years? Investing in these stocks is a smart way to diversify your portfolio. xChange is important for our business. We should form a group and take legal advise about recovering our investments. If the need for shipping containers is high, its better to buy than to lease. A couple days research and you will see it's too good to be true. The story about paying additional repo charges is a load of rubbish. Thank you Pat, Were a neutral marketplace for trading and leasing, with over 50,000 containers available in 2,500+ locations around the world. I have not seen any thing to indicate you get your money back in any off these comments. . FreightWaves asked the analysts whether the recent publicity on container-shipping spot rates is bringing more investors into the fold. Find more prices for 40ft shipping containers right away. As with any kind of investment, there are always risks involved. Thank you all very much. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot5', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767778941-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); If you want to invest in shipping containers, youll need to keep tabs on market prices and trends. Hi James. Read all about it in the next section. googletag.pubads().collapseEmptyDivs(); Another way to invest in shipping containers is to buy stocks in shipping companies. James McKay. Container xChange has both leasing and trading platforms, so you can buy, sell and lease out containers in one convenient place. , the answer is Yes. The container market fluctuates constantly, and is affected by factors such as micro and macro world affairs. Did u do anything with a equivalent of SEC and exchange in Homgkong ? That is likely to be an expensive exercise with an uncertain outcome. Cheers, The CMA bonds. Container rate records shattered as U.S. imports surge:see story here. I'm still trying to believe that they're PT is legit but right now I have cold feet. According to the online marketing blurb, an investor can hand over $US4100 (the $A price varies with the exchange rate) to buy a 40-foot (about 13-metre) shipping container backed by ownership documents from OYOSC. This can overlap with the refi [debt refinancing] cycle, and all of a sudden you get stuck.. googletag.defineSlot('/21776187881/FW_Super_Leaderboard', [[300, 50], [970, 90], [300, 100], [728, 90]], 'div-gpt-ad-1668097889433-0').defineSizeMapping(gptSizeMaps.banner2).addService(googletag.pubads()); googletag.defineSlot('/21776187881/fw-responsive-main_content-slot6', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767872042-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); I have other businesses that trades internationally and have had a similar problems with a payment from South Africa. You should always look for a container with good quality and no damage. even more so after the recent days sell-off. Safe payments: We know how important safe payments are. Just run the scam for 3 or 4 years and gather up as many people as possible to "invest" then shut it down pocket all the money and dissapear into the shadows. She also said they where having trouble with there money conversion people and should be fixed soon Dont know about this. In the meantime, stay up to date by following Money on social media. I have requested that they tell me what ships my containers are being transported on because if you have the container numbers On xChange, all prices and leasing rates are stated up front, in full. As previous posters have pointed out, if Pacific Tycoon and Davenport Larouche were legitimate companies, they would borrow money a lot cheaper than what they are promising investors, own the containers themselves and not have to deal with the logistical nightmare of dealing wth "over 7,000 investors". January: great. But leasing has some limitations. Hi Zahir, It's an unregulated scheme with no physical head office accountable to anyone in Australia. So if you have some cash to invest in shipping stocks, you should try buying them before they recover. These scam companies do not give 2 hoots for decency. Another worry is always Are my transactions safe?. But in general, you should avoid leasing if possible. The good, the bad and the complicated of online crowdfunding. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); PT charge 5% for each containers so I would take home the rest. Its time to dive a little deeper into how the. Did you get any more info on this. Can box stocks woo tanker and bulker shareowners? I have since been paid for May and June (got paid for June in advance) and look forward to my payment in July. stock investment, they have found a loophole to avoid regulatory watchdogs like ASIC as they cannot step in or tell people not to send there. Hi Ernie, Leasing vs. leasing when investing in shipping containers is a wise choice for companies that want to retain control over their containers and delegate responsibility to another party. So far those high yielding figures never happened. Reap a fixed 12% return on investment per year of the initial price paid for a container or opt for the higher income plan, which delivered24.13% last year. They require low maintenance, are low-technology, and have a high residual value due to their nickel content. Its so easy to find the containers you need, quickly and easily. On the other hand, a new 40ft will cost you around US $4,015. The second driver is charter maturities. First things first, youll need to schedule your free demo with one of our helpful experts. 90% of goods that are moved worldwide are moved in a container. How easy is it to liquidate it and get cash ? Make sure to check if they are a member of any relevant industry associations and if their customer service is good. He got to meet them at an office, everything looked legit. I have lost all my investment. You might even withdraw from your home loan, to put it into the investment, because home loan rates are under 5%, while you are "earning" 15%. initially they sent some money as rent ( about 50 to 60 dollars.). so please i request do not invest in this hoax company if you value your hard earned money. Stay clear, ASIC is useless in warning people as is Commonwealth Bank who were wary when I asked to transfer money to PT abut wouldn't explain why. googletag.cmd.push(function() { Understand the Market: Before investing in the shipping container market, it is important to understand the industry and its dynamics. It's one for the mugs. Buying the containers at the best price of course. I think its mostly a lack of air time, said Mintzmyer. Need more reasons to invest in containers? The German government declared on Wednesday that it approved the 24.9% shareholding of COSCO Shipping Ports Ltd at Container Terminal Tollerort, now owned by Hamburger Hafen und Logistik AG, a container terminal operator based in Germany. If you have money to invest, go to your bank and speak to a financial advisor. So, remember, buy wisely and save yourself the headache. , you can buy a cargo-worthy 20ft container in Chicago, USA. Risks are a part of any investment. A shipping container investment is a great way to turn a profit. New, or one-trip containers are usually in good condition, and you can easily confirm that nothing toxic has been transported in them. Again they were offering a fixed return investment with a buy back lease option at the end of the agreement. Invest elsewhere, but always do your research. Its important to keep up-to-date with the market situation, as it can have a major impact on container prices. Time will tell, waiting for June payment. Quite simple. i also plan to invest on Vcomms, any update your research and have you found that reliable investment and company. Unlike many financial assets, tangible assets like shipping containers dont go out of fashion, and are almost always in demand somewhere in the world. thanks to the author of the article and those who wrote to tell their tales. You should have gone with the fixed/guaranteed rate of 12% instead of the aggressive lease with *variables*. COSCO recently bought a 35% stake in Hamburg Container Terminal Tollerort. In return for the lower capital requirement, they can lease their shipping containers for up to a decade. I agree with Matt. Any advice is appreciated. Hi, just a quick summary: I invested in Davenport. That changes everything then. Please can you advise me, seeing the current ongoing condition of PT.. about investing in this company or not ?? I think some of us have been scammed terribly. Container-ship time-charter rates jumped all the way back to where they were before the crisis began, in some cases higher. Once youve finalized and signed a deal, all payments can be done safely and securely using the xChange Wallet. Theyre all correlated. Owning shipping containers can be extremely profitable if you buy them in low-demand areas and lease or sell them in high-demand areas. Were a neutral marketplace for trading and leasing, with over 50,000 containers available in 2,500+ locations around the world. if you get 20 % return for 3 years you are still 60% out of pocket. 100% online platform: Container xChange is completely online, so you can run all of your operations remotely. Red-hot ocean rates could spark government intervention: see story here. Screams a Ponzi Scheme and any original investor is incentivised to buy more or get others to invest to keep the Ponzi scheme going. I will be more comfortable after 23rd July once I see payments coming through automatically again. This is the catch. This is because they hold both material and functional value. Investors can't lose more than what they put in. Check out our company profiles to learn more. Piccone says the company operates out of two or three homes or apartments in Brisbane. Zahir Choudhury - His comments about a location swap and increased value of containers in China is a load of nonsense and this is exactly the sort of information that an uninformed investor may believe but, for anyone in the container shipping and leasing business, we will be laughing our socks off at such nonsense. Now that you know why investing in containers is a good idea, lets take a look at the different ways you can use them to make a profit. I am investing on Davenport, what's your feed back about it. I invested with PT about 5 or 6 months ago. ASK yourself these questions After the transaction, money is debited directly from our wallet account and thats a huge advantage.. I'm currently looking into the same type of investment and have been studying it for some time with reluctance due to the nature of the investment and all the info on the internet around the same subject, which is somewhat confusing. As this is not a financial service like the old Ponzi scheme they have found a loophole in the Australian regulations to sell this type of Ponzi scheme. You've been saving for 2 years and despite the smell all around you are still considering to invest. It IS a ponzi scam. Good luck with it. It is just a corrugated steel box, 8ft (2.4m) wide, 8ft 6in (2 . So, what are you waiting for? You can also sell your asset at any time. The bottom line is, if you invest in a container for $2500 - $3500 dollars, rent it for $75 per day for a year, this has potential income of $27,375.In the first part of this scenario, if you move the container from one port to another port, you can certainly sell the container and make a profit. I would like to conduct my own research into this business. Here are some of the benefits you can enjoy as a member: Price transparency: An important requirement for regular trading and leasing is price transparency. Sounds great right? Buying, selling and leasing out containers means a regular stream of income. Bloody obvious if you read through the threads and see the initial returns decline to zero with no culpability or legal recourse. this is a huge number. I was thinking of purchasing more but was hoping to talk to someone else who had done the same.??? Appreciate your response as I am looking at investment with Davenport Containers in near future Want a quick example? 1. I have sent many emails requesting information but never any answers to my questions only statements of facts about the lease. Container shipping, declares a glowing new report by Fearnleys Securities, is The Unsung Hero.. Any thoughts ? Truth was, the office was a room to rent short term, etc. Abraham same story with us. The shipping container business is very profitable if you make smart buying, selling and leasing decisions. Hi Kumar, I am also interested in Vcomms investment and live in Sydney. An attractive return on an asset that is not linked to sharemarket gyrations or interest rate cuts. It started off with an offer towards the end of 2016 where I was encouraged to swap my containers which were at this stage not earning me anything for second hand containers in South America for cheap price of $2000 each. In June there was a 5 day delayed payment followed by a descending drop in 2015 August 14.25% Sept 7.62 % since then up till now in May the return has been under 3.6 % . Conway Containers is an international container trader that uses Container xChange for trading and repositioning equipment. Any website that you think it would be helpful for someone that starts now it would be appreciated. 2. This assumes that the insurance is actually in place and that the insurer will pay up. In the aftermath of Hurricane Marilyn, he moved to New York City, where he served as senior editor of Cruise Industry News. While many container lines are heavily reliant on shipping container sales to support their business, they are also the most battle-hardened. There are three main avenues for turning profits with containers. How to Invest in Shipping Rich Smith, The Motley Fool 11 November 2017 at 6:34 am If you ask me how to invest in shipping stocks, I have to reply: Why? While banks pay the lowest interest rates in decades, shipping containers offer a 12% return per year. I can only conclude that the note from James McKay is a plant from one or both of the named companies (as I have seen them do on other sites) and this is an employee or a pseudonym. In that 3 years you tell your friends about the great returns and suddenly they have more money. But they are told that it is insured against damage or loss. I dont regret this decision. and know the ship there on you can find out there actual location via free info on the internet. Although that could be coincidental, I find it odd. I have some savings amount, which i saved through my salary of 2 yrs, which is as similar as technician package.. What are some examples of the container numbers - it is easy to check if these are genuine. If your business needs an extra refrigerated container, you can always upgrade to a higher-end model. For a cargo-worthy 20ft dry container in the US youre looking at US $1,469 and for a 40ft HC, US $2,441. To cite one (extreme) example, shipping is where investors in DryShips ( DRYS), run by noted scallywag George Economou, watched their stock fall from a split-adjusted valuation of $55.3 million. Check out our company profiles to learn more. Especially if you sell at the wrong time. How long can this last?. The container selling price is always several hundreds above the market value of such boxes. Heres what they have to say about the platform: Next, lease out your containers in order to move them to a higher demand area. I can tell you have a lot of experience dealing with PT you mentioned that you bought 200 containers ! I am not interested. Do not buy these containers. Here youre investing in markets that demand container services across a wide variety of industry channels. Here you can browse and buy shipping containers in low-demand or surplus areas, at prices that suit your budget. I like their customer service. People are looking at it as a non-energy, non-tech way to play the COVID-19 recovery. The communication about my situation has been poor from the directors and when they do it is not with emails(except their offers to buy more) but by phone, (so there is no paper trail?). A quick internet search for shipping containers can help you narrow down your search. Plus, prices and rates are completely negotiable. Negotiate directly with partners to make any changes to the offer. I requested to sell the container. googletag.enableServices(); Here youre making a profit of US $2,490selling the exact same container! that you paid money for. Thanks Hi Faiz, I was told my containers are in Yemen and as it's a war zone with political termoil, my only resolution was to buy two more containers and release to another firm in Cambodia in which I'm getting 0.12% pa. I am currently terminating the agreement on some of the containers to pursue some other interests so that will be the final test. , so that you can recover your money when disasters happen. Save your money and do not fall into the trap. If youre looking for an investment opportunity with high returns but low risks, consider investing in shipping containers. Piccone says he can't give an exact figure for a one-year to three-year buyout figure but estimates that it would not be less than 20% below the amount paid. It's a fair dinkum Ponzi scheme. Honestly, I don't feel sorry for investors because they should have done due diligence and they should have educated themselves about the way the container leasing business and container shipping business actually works in reality. I have also got in contact with another investor in Montreal (got his details from a forum) who confirms he has since been paid as well. Shipping Container leasing is a CYCLICAL business. Investors are dealing with a company based overseas, apparently in Hong Kong, with no physical office in Australia to visit if anything goes wrong. The pick up charge is US $240. Google that name and form your own conclusions. did you ever find out if it was legit? But dont worry, there are things you can do to minimize them.