Cheers. Negotiate directly with partners to make any changes to the offer. Hi Barry i purchased 4 containers 2 years ago. Here you can browse and buy shipping containers in low-demand or surplus areas, at prices that suit your budget. Banks as usual believe our money is in fact their money and they can do as they please, unfortunately governments have given them the power to it more so now under the guise of money laundering, which has nothing to do with it, it's just making sure they get every penny in tax! googletag.pubads().enableSingleRequest(); Any thoughts ? By now I have 26 containers and always get paid on time. I have requested to sell them but no luck. googletag.pubads().collapseEmptyDivs(); The container is immediately leased, according to Corr Piccone, of OYOSC. I requested to sell the container. Hi Peter, I am also interested in Vcomms investment and live in Sydney. 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. window.googletag = window.googletag || {cmd: []}; They won't leave a paper trail With our padlock range, we can have padlocks individually keyed and numbered with a master key system. Theyre all correlated. , the answer is Yes. Is Pacific Tycoon still running and if so, is there a way I can invest particularly from South Africa? What trade war? You can also sell your asset at any time. I have since been paid for May and June (got paid for June in advance) and look forward to my payment in July. FreightWaves interviewed four shipping analysts to delve into these questions. Ernie. if you have been fooled once, why is not going to happen twice? I think I'll avoid any and all of these deals based on what I've uncovered when delving into their structures. Piccone says that because investors are buying a physical asset, no prospectus or regulation is required. 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? See story here. Another worry is always Are my transactions safe?. Theyre not particularly sexy, echoed Michael Webber, founder of Webber Research & Advisory, of box-equipment lessors. googletag.enableServices(); Obviously they just want brand new containers. They do sell second hand ones as they have offered them to us $3900 instead of new $4100 . 5. James Mckay above mentioned buying his containers from Davenport and PT untiled them which I thought wasn't possible. I could go on at length to describe why this is so and why I am right but, suffice to say that PT is not known on the shipping company or leasing world and have not built any containers. Jame, During coronavirus, charter rates fell precipitously, by 25-40%. I started with 1 container because of my cautiousness about the money. Here, youll be buying up containers to form a fleet, and then leasing out this fleet to make money over months and even years. And there is considerable trepidation about where the sharemarket will head. The container has an average lifespan of 15 years. googletag.cmd.push(function() { All I have are sales documents which may be forgeries This is an unregulated investment. Then, sell it in a high-demand location like Winnipeg, Canada for around. It is better to buy from a local dealer as they are often cheaper and come with many more features. Trevor. Here you can find shippers for your route, decide on the leasing rates that suit you, as well as negotiate all terms and conditions directly with the shipper. Once the containers have been moved to a high-demand area, sell them again at a higher price, in order to make a profit. They can last for up to 25 years, depending on how well theyre maintained. Here, you can browse container prices and leasing rates in over 180 locations around the world. so please i request do not invest in this hoax company if you value your hard earned money. are another viable option, as theyre extremely important for transporting temperature-sensitive goods and. How did it work out? A new 40' HC container costs about $ 3,400 (or less) and the usual depreciation in a leasing operation is based on 12 years with a RESIDUAL VALUE of around $ 900- 1,200. They have no remorse for the families they are destroying everyday. The 30,000 aluminum tins were supposed to show up in a 20-foot shipping container in July. I've seen a couple too good to be true comments on here. I was then allowed to swap some of these containers for apparently high yielding containers on a railway project in China - 25-30%. You should have requested advice from an expert in the field to explain how this works. But perhaps the biggest enabler of globalisation has not been a free trade agreement, but a simple invention: the shipping container. You've been saving for 2 years and despite the smell all around you are still considering to invest. It's not the container investing you should avoid, it is the scamming fraudsters. Conway Containers is an international container trader that uses Container xChange for trading and repositioning equipment. It's largely different to how China runs its business and even thought it's part of China now - it's still one country, two systems. On the other hand, a new 40ft will cost you. I have been introduced to the trading business of containers by one of my friends whom bought and sold a few containers last year. To read all your coments, despite some of them are positive, was very usefull for me, to avoid to be shipped in this vessel. Its kind of a boring business, acknowledged Ben Nolan, analyst at Wells Fargo, referring to container-ship leasing. No loans are involved so there are no margin calls or mounting debt difficulties. So far those high yielding figures never happened. as big second-quarter profits were reported. Thanks for your time. Up to July 2015 the monthly return was excellent between 24% to29.14%. So theyre always a good investment option. Piccone and Helen Thomas, who appears to be his partner, have been involved in selling property and ATM machines or leases for some years. Here you can find shippers for your route, decide on the leasing rates that suit you, as well as negotiate all terms and conditions directly with the shipper. For anyone who wants to see proof of income - I am happy to share this. JUNE 21-22, 2023 CLEVELAND, OH IN-PERSON EVENT. Four letters and seven numbers in each case. Original investment of 4100$ is worth 0$ after 15 years. Everything was flawless until this last month when the deposit never appeared in my account. So investing in containers has serious potential for long-term success. So like I say - endless promises with no light at the end of the tunnel as of yet. Shipping containers are also tax-efficient since many countries give capital allowances and offsets against lease income. Shipping containers are an excellent hedge against the euro, and most of them are priced in U.S. dollars, making them a convenient alternative to other traditional investments. Yet when I looked up his investment company on companies house the firm made 12k last year from all their commissions despite saying that they made a 30k commission on a single deal. Do you know anything about container shipping or container leasing? I bought 10 containers thanks to Davenport and 6 have been sold in the last 5 months for a pretty good profit. and know the ship there on you can find out there actual location via free info on the internet. I have a friend who I introduced to PT this year and he is waiting for 3 months payments by next week. googletag.pubads().collapseEmptyDivs(); View deals on shipping containers from suppliers in your area now. Almost all of the positive comments that you find here come from the same person who works for the scammers in Vietnam. The old saying if it sounds too good to be true then it is. Did they show you any pictures of the containers (YOUR containers)? Read on to discover the best options. I did well financially. The second driver is charter maturities. xChange Solutions GmbH ---- HQ: Am Sandtorkai 73, 20457 Hamburg, Germany Contact sales +49 40 87407576. , you can find the containers you need at a price that suits your budget. That is likely to be an expensive exercise with an uncertain outcome. Probably legal to an extent but no doubt its also legal for the company to "disolve" or just flat out dissapear without anybody really caring. Invest at you pearl but you have been warned. googletag.pubads().collapseEmptyDivs(); Whether you should buy or lease will depend on your specific needs and circumstances. Hi Kumar. How is your investment with PT after the initial 4 years? The question is: At what point is there a catalyst? Then I sold them and got my money back. Counterparty risks escalated. i have purchased a set and to be honest they have not missed a beat. googletag.pubads().enableSingleRequest(); 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. I agree with Matt. Very quickly you will learn that the industry is currently in a massive oversupply and a shipping prices are at all time lows and companies are moving freight at below cost just to payoff debt, so it's a very bad time to be buying containers. Your email provider should give you an option to add the email to your safe list. Well cover three main methods: The first step? New, or one-trip containers are usually in good condition, and you can easily confirm that nothing toxic has been transported in them. I have been with PT since Oct 2014 , from a recommendation, with ongoing successful results of a friend . February, March: horrendous. i received an offer from "Devenport " with almost the smae prices for containers and profits The other very interesting thing is that lately, every time it's time for a payment to come through, PT insists on selling me more containers. For example, some shipping containers may have electricity and are refrigerated. Next, lease out your containers in order to move them to a higher demand area. 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. Theyre considerably more expensive, so take this into account. James McKay. While leasing allows them to delegate responsibility, owning them outright is not always a smart option for many businesses. Jack Sun, the co-owner of OCL, says: An important requirement for regular trading and leasing is price transparency. Whether you choose to buy and then sell at a higher price, or lease out your equipment over months or years, youll make money on the containers youve invested in on a regular basis. Its time to dive a little deeper into how the xChange Insights tool can help you with this. She also said they where having trouble with there money conversion people and should be fixed soon Dont know about this. Once they were shipped to China, they would apparently be worth $3000 - $3400 each. And some of them may have doors on both sides or just one. Hi Why oh why would you invest your hard-earned savings in such a questionable way??? The third party investment company that called me has a similar hokey website. An attractive return on an asset that is not linked to sharemarket gyrations or interest rate cuts. So instead of getting $5k. YOU end up getting the scammers $100k - $1million. Bloody obvious if you read through the threads and see the initial returns decline to zero with no culpability or legal recourse. They will tell you where to invest in safe locations with good returns. As debt is by far a better corporate way to funds growth than equity. xChange is important for our business. Get your free demo of our Insights platform today. I have a colleague who's beem into this with Pacific Tycoon direct. He got to meet them at an office, everything looked legit. and investing in them through Big Picture Alternatives. The company said it plans to begin . UPDATE: The West Australian government has named Pacific Tycoon 'one example of an alleged sea container leasing Ponzi scheme'. So you can rest assured, the prices you decide on are the prices youll pay. The good, the bad and the complicated of online crowdfunding. Three years have come and gone, my principle amount haven't been returned. Don't lose that hard-won money or spend sleepless nights wondering if it is all legitimate! Maersks stock. And investors should not miss the opportunity to ride the container wave today. googletag.pubads().enableSingleRequest(); If you'd like to discuss your requirements - or are looking to buy or rent a shipping container - please don't hesitate to get in touch. Curious about the price difference between new and used units? Unlike many financial assets, tangible assets like shipping containers dont go out of fashion, and are almost always in demand somewhere in the world. A month ago I had a call from their Deputy Director of Operations Mr Canaris who hosted my visit in April saying they were having to do a number of investor payment manually due to banks questioning / rejecting overseas payments post the Panama scandal and apologised for any delays I have or may experience. Containers play a crucial role in world trade, with around 90% of all goods transported in one at some point on their journey. No - you own air bubbles. did you ever find out if it was legit? 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. Invest elsewhere, but always do your research. Have you also had an opportunity to sell back any of the containers you purchased? I have a decent inheritance and wanted to invest. One way to invest in container stocks is to buy shares of companies involved in container lines. Learn more about high-return stretches now. gptAdSlots.push(gptSlot); Not only do shipping companies transport the products that we use every day, but they also transport raw resources that we rely on, such as oil and grains. Why would they give you your money back after 3 years the containers are now 2nd hand? After further research I am becoming more convinced that in reality we do not own anything. And they dont have these waves of new supply that obfuscate whats going on from a sector dynamics perspective like you do in shipping, Webber explained. But they are told that it is insured against damage or loss. Make sure to use a safe and secure online marketplace for this, such as the. 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()); Thorough investigation may be needed to ensure credibility of return from clients who are already involved in such venture and satisfied with the results. I have 200 containers returning over 27% which I've had for nearly a year. The idea behind this trade deal was to get them shipped free of charge and no earnings during the shipment which was estimated at 7 months. BUT they won't tell me. googletag.pubads().enableSingleRequest(); 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. Your lack of understanding of the international container shipping and leasing industry has led you into a Big Black Hole. In-demand asset: As we mentioned above, the shipping industry is growing, and its certainly not going anywhere. The only difference is: you don't rent it to a family or a student; you rent your shipping containers out to the world's leading companies, and these rents generate 20-24% annual returns. Here youre making a profit of US $2,490selling the exact same container! Davenport Laroche had them inspected, cleaned and delivered to one of their clients. A shipping container investment is a great way to turn a profit. Next, youll need to decide between new and used equipment. I have requested that they tell me what ships my containers are being transported on because if you have the container numbers A couple days research and you will see it's too good to be true. 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 ? So you put in $5000. I started with 4 containers in order to get a monthly payment and went for the high income plan. The bonds have really rerated. if you get 20 % return for 3 years you are still 60% out of pocket. This will prevent you from purchasing unreliable containers or navigating the logistics associated with delivery. I have been with PT for 2 years now and payments have been paid on time on the 23rd of every month. As we mentioned above, the shipping industry is growing, and its certainly not going anywhere. He has like many of us experienced some delays, but is paid up to date. The number of people talking, boasting, bragging, confirming -> whatever you want to call it, made it sound legitimate. Your comment is very helpful and i'm now doing my own research for investments in general and for containers.so if you have time and is possible I would like some internet locations that I can visit and learn more and possibly contact PT members that can introduce me to their schemes! But these are not actually shipping companies. Plus, prices and rates are completely negotiable. In 2022 the global shipping container market was valued at, . Ideally, you will want to use a broad search term like containers and then narrow it down by specifying additional details. 25/09/18 - still waiting for them to arrive in China. The statement tells you how each batch of containers is returning. I made 100k on a 24k deposit on a house when I sold. 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.. window.googletag = window.googletag || {cmd: []}; Buy property and rent it till you sell it. Aussies outraged over changes to Woolies rewards program, and BHP owes short-changed workers $430 million. I have been with Davenport for 3 years now and quite satisfied with their services and investment solutions. Theyre tangible assets that are always useful and valuable in the logistics industry. is it worth to do ? 90% of goods that are moved worldwide are moved in a container.
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