Want to check out how the platform works right now? We have something positive here. Need more reasons to invest in containers? 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. DO NOT BUY. All payments are credited in real time, and you can check all credits and charges online in one place. 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??? In 2022 the global shipping container market was valued at, . If the need for shipping containers is high, its better to buy than to lease. They are going to payout original investors until it fails, so everyone who gives testimonials saying they are getting paid without any issue is true but one day no one will get paid and it's just a ticking time bomb. The good, the bad and the complicated of online crowdfunding. UPDATE: The West Australian government has named Pacific Tycoon 'one example of an alleged sea container leasing Ponzi scheme'. Read on to learn how you can invest in this hard asset to make profits and grow your business. Cheers. I would recommend Davenport as a good opportunity to make good money with no hassle and low risk. I ran the numbers and reinvesting your profit into new containers supposedly would see you buying hundreds each year within 10 years (based on a 200k initial investment) and after that you'd be making millions.. nope! Containers will always be needed, so as long as the shipping industry exists, youll be able to make money from your containers. At last, say goodbye to hours of calling sources to get the latest market data. Banks are paying the lowest term deposit interest rates in a generation - somewhere between 2.5% and 4%, depending on amount and term. When you see $4,000-per-FEU rates, the liners get that cash immediately, whereas on the ship-charter side, the activity is few and far between so you wouldnt see an immediate uplift [in charter income], said Giveans. There are not now and never have been any containers. Hello Make sure that you choose a reputable seller such as Container Addicts. The pick up charge is US $240. I have been with Davenport for 3 years now and quite satisfied with their services and investment solutions. As of March 7, 2023, it had a fleet of 68 containerships aggregating 421,293 twenty-foot equivalent units in capacity. Theyre still down in the 30-40% range year to date. DO NOT BUY. window.googletag = window.googletag || {cmd: []}; How do you know they knew the business very well? Container shipping is more like a conveyor belt moving goods from Asia to the U.S. and Europe. I find them to be frauds .however how can we as a group pursue a united path to get our money and expose this ponzi coy to all globe wise.please reply as to any thoughts on this major problem ron.bendall qld australia capital city brisbane have you heard anything about Vcomms ? 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.. Potential for steady income: Buying, selling and leasing out containers means a regular stream of income. The corporate regulator would no doubt say the investment is unregistered and based abroad and therefore not its responsibility. You've been saving for 2 years and despite the smell all around you are still considering to invest. The [charter] rollover risk is less severe. As shipping container values continue to rise, the shipping container market is expected to continue growing at twice the rate of the worlds GDP. BUT here is what is smart. If a lessor has ships on 10-year charters, whats happening with charter rates this month is irrelevant. 6 Factors To Consider When Choosing a Shipping Container - Haaretz daily They tell me they are aware of them but are not connected to them. Once the containers have been moved to a high-demand area, sell them again at a higher price, in order to make a profit. Businesses there are highly regulated. 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 A quick internet search for shipping containers can help you narrow down your search. Data-driven insights for the global market: If you want to invest in shipping containers, youll need to keep tabs on market prices and trends. did you ever find out if it was legit? On xChange, all prices and leasing rates are stated up front, in full. Another worry is always Are my transactions safe?. What are the numbers of these containers? And this is for just one unit, imagine what you could make on multiple containers! The bonds have really rerated. Is it possible to contact you or may be call me 0434184968 when you get a chance. Youre all set. All rights reserved. Learn more about high-return stretches now. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Ian, Greg Miller covers maritime for FreightWaves and American Shipper. Owning shipping containers can be extremely profitable if you buy them in low-demand areas and lease or sell them in high-demand areas. You just have to do your due diligence and avoid PT, Davenport Laroche and others who promise 12% or similar. }); According to Randy Giveans, analyst at Jefferies, When you look at tankers, theres a lot more volatility in rates. It's a fair dinkum Ponzi scheme. ASIC has on record (Doc no 028297145) ACN 167335944 a listing for Pacific Tycoon PTY LTD ends in Oct 2016(3 years) signed by one director, Xavier David Holden born 11/5/1956. Then it went South according to my same friend who owns the shipping containers. 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. Compare shipping container prices in your area now in just a few clicks. So theyre always a good investment option. Hi Kumar, I am also interested in Vcomms investment and live in Sydney. Shame really as I was really an advocate for this company - had 2 good years of high yeilding income before this. The latest price was $72.05 (25-minute delay). So instead of getting $5k. YOU end up getting the scammers $100k - $1million. And this is for just one unit, imagine what you could make on multiple containers! Shipping companies, in particular, have long-term growth potential. Risks are a part of any investment. He mentions that he gets 2% kickback for any new people he signs up to PT. 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". Tanker and bulker stocks are generally more casino-esque than the container stocks and shipping investors have been more drawn to the excitement of the casinos. Whats more, youll have access to the most reputable names in the industry, right from the get go. Please reinstate the DATA BASE back into MONEY MAGAZINE----extremely important to determine how sectors are performing---. I have lost all my investment. So you lease out your equipment from Nhava Sheva to Shanghai. Four letters and seven numbers in each case. If you are unsure about how to choose the right shipping container supplier, you can use online reviews. if you read comments carefully you can see there is something smelly in the whole scheme. You may not be able to sell your containers at the end of the lease term, which means you have to buy them back. Pay attention to what Matt has said. [emailprotected] Another point I would like to make is there is indeed a lot of chatter on forums about PT and some bad comments from one person in particular. Think before you jump, do your research and read up on as many blogs and comments you can get too. and currently receive 1 -2% pa nothing like the 27% I was told I would receive. Between 1990 and 2008, for instance, global container throughput rose by an average rate of more than 10%. Kind Regards, Good luck with it. 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. googletag.cmd.push(function() { I was introduced to PT by a friend who has a reasonable number of containers acquired over an 18 month period, the oldest now nearly 3 years, always paid on time and PT have been very professional to deal with. I have requested to sell them but no luck. The simple steel box that transformed global trade - BBC News Corr Piccone and Helen Thomas, have been involved in selling property and ATM machines or leases for some years. With container shipping, utilization may move around a couple of percentage points, and in normal times and obviously this year is not normal rates stay in a pretty tight band. googletag.enableServices(); If you don't receive our newsletters, please check your "Junk" folders. Next, lease out your containers in order to move them to a higher demand area. 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()); But perhaps the biggest enabler of globalisation has not been a free trade agreement, but a simple invention: the shipping container. Wow! Pacific Tycoon- https://www.pacifictycoon.comInvest Containers- https://shipping.investcontainers.comWebsite- https://kasimkm.comShopify/Dropshipping orders-. Like others have said, do your homework. And given their long life, shipping containers are an excellent investment. Heres what they have to say about the platform: Next, lease out your containers in order to move them to a higher demand area. He currently resides in Manhattan with his wife and two Shih Tzus. But now, all the people that you brought in, now also bring in others. googletag.pubads().collapseEmptyDivs(); Theyre tangible assets that are always useful and valuable in the logistics industry. Is Pacific Tycoon still running and if so, is there a way I can invest particularly from South Africa? Curious about the price difference between new and used units? This partially from two different people associated with this business. So, either credit investors [who bid up bonds such as CMA CGMs] are ahead of the curve or theyve missed something. Surprisingly not many people have heard of this Venture/To further discourage investment by Mum and Dad investors the H.O.