VTG to exit tank container transport and logistics business, focus on leasing operations

VTG has announced it will terminate its tank container transport and logistics business and discontinue the relevant activities by the end of the second quarter of 2023. Discontinuing all tank container logistics activities of VTG Tanktainer will also involve closing its international subsidiaries, with the exception of the joint venture Shanghai COSCO VTG Tanktainer Co. Ltd. VTG will, however, continue and expand its tank container leasing business.

The decision comes in response to an increasingly challenging market situation that has confronted VTG since the third quarter of 2022. A pronounced slump in demand for transport in the chemical industry and declining freight rates, in part due to the massive increase in energy costs, have been accompanied by substantial price increases in the intermodal segment. Additionally, freight costs can now only be planned on the basis of prices valid for between three and six months.

After thoroughly examining various options, the Executive Board, acting in agreement with the shareholders, took the strategic decision to discontinue the logistics activities of VTG Tanktainer.

Tank container leasing activities, including the staff and the assets themselves, are to be transferred within the VTG Group at the Hamburg site by the end of the second quarter of 2023. Relevant offerings will in future be made available from this location. VTG Tanktainer’s other facilities in Germany, Finland, North America and Singapore will be closed by the end of 2023. The joint venture Shanghai COSCO VTG Tanktainer Co. Ltd. in China is not affected by these measures.

For more information visit www.vtg.com and the new website www.coscovtg.com/en

23 February 2026