In terms of the investment highlights of SeaCube, I won’t go into each one of these points, but if you look at our portfolio and your investment in SeaCube is that have been high return, low risk assets, strong market fundamentals, our container – global container fleet growth has been about 8.8% over the last 30 years, significant growth potential, our balance sheet allows us to continue to invest in containers.
And these container investments then drive revenue earnings and cash flow. The management team has been together quite a period of time all focused on this business and very good track record and our customer relationships are another differentiator when you think about SeaCube.
In terms of – just a couple of commentaries on the industry background. Obviously container shipping is important part of the global economy, $200 billion in annual revenue. The global fleet of containers right now is about 32 million TEUs, the container lessors are important part of that fleet owning about 45%.
The trend recently has been to a significantly higher as the shipping companies look to companies like SeaCube and Textainer for a significant portion of their acquisition of containers. And so I think we saw last year, roughly 65% of all containers came from container leasing companies, this year, probably absent, Myers is the largest, almost all the containers that are being produced, are being produced by four container leasing companies. So containers will be at that 65% plus range.Again, for 30 years, we’ve had continued growth at 8.8%. And right now, as we look at the end of this year, we’re probably about 33 million TEUs at the end of the year. Supply demand factors, I think there’s a lot of discussion, I think, about the shipping lines. And so the first bullet under the demand side, I think gets a lot of attention and it deserves a lot of attention.