I have since been paid for May and June (got paid for June in advance) and look forward to my payment in July. I am considering if we can mount legal action to at least obtain documentation and proof about our investments January: great. 1 Do I know for sure that I own containers Hi Ernie, Regards I am also interested in Vcomms investment and live in Sydney. Learn more about how you can profit from this method now. googletag.pubads().enableSingleRequest(); 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 a portion of their box fleet and rent the rest). Because we know you dont have time to deal with sneaky hidden fees. This has been overlooked. 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. The pick up charge is US $240. Again, as someone who knows nothing about international shipping and trade, you should stay WELL AWAY from things you don't understand and, if you really want to know, please feel free to contact me on my Linkedin profile for some advice or honest answers to questions. You can pick up a used 40ft container in the United States for US $2,172. The platform is also easy-to-use with a quick cash turnover. As we mentioned above, the shipping industry is growing, and its certainly not going anywhere. The investor was keen to tell me he bourght 20 containers and was seeing great returns and selling and buying new every 4 years. my story is exactly the same as you have highlighted. Even if the laws of your state dont prohibit you from investing in shipping containers, the company will still manage your assets for you. ASK yourself these questions Step 6: Hire a container surveyor Step 7: Transport the container This is just like aircraft leasing. I am not a novice investor and did considerable homework. It's not the container investing you should avoid, it is the scamming fraudsters. Feel very sorry for anybody who has gave these people money because you wont get it back (in full) ever. Containers serve the worlds biggest business world trade. did you ever find out if it was legit? and investing in them through Big Picture Alternatives. Screams a Ponzi Scheme and any original investor is incentivised to buy more or get others to invest to keep the Ponzi scheme going. The easiest way to do this is through an online trading marketplace like Container xChange. The corporate regulator would no doubt say the investment is unregistered and based abroad and therefore not its responsibility. There are still plenty of ways to invest in container stocks. 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. The websites look hokey and don't look like a professional website. He also has some containers under performing, PT issued him with new ones on a contract giving more expected returns, saying when the other kick back in we'll swap the new one's out, he is currently receiving income on both sets albeit the under perfuming ones are only returning 3%-4%. Davenport Laroche - Shipping Containers Investment This partially from two different people associated with this business. Once youve finalized and signed a deal, all payments can be done safely and securely using the, Shipping container investment [Your '23 guide to big profits]. The old saying if it sounds too good to be true then it is. In part of my research I did find a comment about a big investor, talking $100k+, he mentioned it was strange, it seems that the "call center" was based in one country, but met up in another. The commission a $2,200 inc GST was paid to a company" Australian Mortgage Solution"s no matter if you bought 1 or more. Searching the internet you will certainly find what happened to the victims who sent their money for these good returns. Investors don't know where the container goes or what it carries. 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. Kind regards Plus, our support team is available to assist you with any questions or issues you may have. But now, all the people that you brought in, now also bring in others. Think about it for a second, they pay you back a fraction each year of what you invested with them. However, you must be aware that shipping containers are difficult to transport and are expensive. By Lou Whiteman - Updated Jun 27, 2022 at 7:21PM All payments are credited in real time, and you can check all credits and charges online in one place. I think I'll avoid any and all of these deals based on what I've uncovered when delving into their structures. In the aftermath of Hurricane Marilyn, he moved to New York City, where he served as senior editor of Cruise Industry News. This is something to take into account when buying shipping containers for investment purposes. I am trying to get someone to visit their H.Q unannounced to check out if it is just a rented office I get 7% to 9% after depreciation is allowed for on REIT's traded on Canadian and US stock exchanges that own apartment buildings, medical buildings, and warehouses around the world. No - you own air bubbles. is an international container trader that uses Container xChange for trading and repositioning equipment. It takes two years to build a ship but only six to eight weeks to build a container. An attractive return on an asset that is not linked to sharemarket gyrations or interest rate cuts. Investors can also buy liner exposure through U.S.-dollar-denominated bonds. Seriously, folks. James Mckay above mentioned buying his containers from Davenport and PT untiled them which I thought wasn't possible. 6 container stocks to watch in 2023 | finder.com Not forgetting the already inflated pricing of the initial 'purchase'. It's painted as a trouble-free investment: you pay the money, sit back and wait for the returns to roll in. Then it went South according to my same friend who owns the shipping containers. If they get caught no doubt they will go to jail. What trade war? i invested 4500 dollars and purchased a container. There are other things I could say about PT, where they have actually saved me money and accepted less than I would have expected given the change in the US/AU dollar exchange but I realise my comments have been long. In addition to checking for reviews, it is also essential to check the price. Refrigerated or reefer containers are another viable option, as theyre extremely important for transporting temperature-sensitive goods and keeping the cold-chain intact. Unlike many financial assets, tangible assets like shipping containers dont go out of fashion, and are almost always in demand somewhere in the world. If your business needs an extra refrigerated container, you can always upgrade to a higher-end model. Germany And China's COSCO Forge Partnership On Hamburg Port Amid Criticism It's a social administrative region and runs with commonwealth legal system due to its background as a British colony. You should have requested advice from an expert in the field to explain how this works. I am assuming (but do not know for sure) that this Australian company may facilitate the purchase of the container through PT and then receive their introduction bonus for the purchase from PT. Prices on consumer goods have surged to 31-year highs as retailers face a very real . We know how important safe payments are. Big Picture Alternatives / Vcomms is just another SCAM / PONZI SCHEME. Get your free demo of our Insights platform today. The container selling price is always several hundreds above the market value of such boxes. Can't fault the company or the returns. I can fully endorse the need for due diligence and a general belief that investments in containers seem too good to be true. Alot of money at stake but lost more like it. . These Are The 10 Best Shipping Stocks To Buy Now - The Stock Dork The [charter] rollover risk is less severe. Just remember in amy good ponzi scheme just don't be the last one in line for the money. If they are unable to provide any of these details then you know for sure that they are selling air bubbles. Time will tell, waiting for June payment. 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. This assumes that the insurance is actually in place and that the insurer will pay up. I guess this is what this Corr fellow is doing. 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 until ASICS get enough complaints to investigate. So you can rest assured, the prices you decide on are the prices youll pay. U.S. cargo demand was much higher than expected and all the blanked capacity was reinstated. In practice, this means box supply is more closely calibrated with demand than ship supply. Your deposit is gone. window.googletag = window.googletag || {cmd: []}; Lets take a look at how xChange can help you with this in the next section. #1 Hi, I came into some money a while ago and am trying to find the best way to invest it - I am very nervous of the stock market and would rather find an alternative investment. Container shipping is more like a conveyor belt moving goods from Asia to the U.S. and Europe. We know that staying on top of prices and industry trends is crucial for a successful container business. After you allow for depreciation over 15 years (the life span of a container), your return on investment is 5% per year. 25/09/18 - still waiting for them to arrive in China. If the need for shipping containers is high, its better to buy than to lease. Did they finally settle? This is called a fixed-plan lease. But fact remains that business investment in Hong Kong is full of uncertainty and risk. Although that could be coincidental, I find it odd. I am part of a Pacific Tycoon Investors group on facebook of more than 50 members. Your money are safely deposited atCambodian banks and you will never see them again. The bonds have really rerated. Almost all of the positive comments that you find here come from the same person who works for the scammers in Vietnam. Paid on the same day each month 100% of the time and emailed income statement each time. COSCO recently bought a 35% stake in Hamburg Container Terminal Tollerort. 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. }); Containers have wrestled the ocean-shipping headlines away from tankers and bulkers as stratospheric China-to-California box rates approach $4,000 per forty-foot equivalent unit (FEU). Read on. Investing in an asset integral to a growing industry is always a smart move, dont you think? Shipping containers are a good investment for a variety of reasons. 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. Shipping container investment [Your '23 guide to big profits] Weve got the xChange Insights platform for this exact purpose. They tell me they are aware of them but are not connected to them. All I have are sales documents which may be forgeries You'll now receive new articles and insights that will help you earn more, save more and make the most of your investments. The only other offer by one of the directors was for me to buy 5 more to join the original 5 to get them into a contract a the new Beijing Airportthis did not bode well to get out of my dormant units I had to buy more! In periods of crisis, liners have defaulted and given the ships back. This can overlap with the refi [debt refinancing] cycle, and all of a sudden you get stuck.. That means it goes up and down over long periods of time. I have a friend who has been with PT for just under 4 years. 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. Container Shipping Still Poised for Profitability in 2023 I think container ships are the most interesting of all the shipping sectors, he said. Invest in good container padlocks. Well after some months of investigating I finally generated a leap of faith and bought 20 containers. Pacific Tycoon and Davenport are a couple of the better known of the Scammers but there are plenty of others. This is done by keeping up-to-date with container prices and market trends. BUT here is what is smart. Here youre investing in markets that demand container services across a wide variety of industry channels. Getting financial compensation if anything goes wrong would involve taking legal action in Hong Kong. Tips for setting up a container self-storage business Any thoughts ? You can also buy shares of other container shipping companies such as Pacific Tycoon in Hong Kong or Danaos Corp. I'm still astonished how greedy some people are and these things are still going on. This return is variable so there are no guarantees. 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. If youre looking for an investment opportunity that allows you to strengthen and diversify your portfolio, equipment trading and leasing is a good way to go. According to the Freightos Baltic Daily Index, spot rates from Asia to the U.S. West Coast (SONAR: FBXD.CNAW) were up to $3,835 per FEU as of Monday. And there is considerable trepidation about where the sharemarket will head. As of March 7, 2023, it had a fleet of 68 containerships aggregating 421,293 twenty-foot equivalent units in capacity. I currently have 78 containers with PT, and most of them for 3 yrs, some 2 and some less just whenever I could I'd buy some more. And yet, the stock prices of the container-ship lessors have not followed suit. 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. However, investors should not discount this sector entirely. Davenport Laroche are just as bogus as PT. googletag.cmd.push(function() { "Moderated" comments. When liners blanked (canceled) double-digit percentages of capacity from Asia to Europe and the U.S. during the second quarter. 4 containers 1 year all good average 23%. These containers are always in demand, and also fetch high prices, so youll turn a good profit. But its certainly not like my phone is ringing off the hook. Click for more FreightWaves/American Shipper articles by Greg Miller. Are you ready to get containers to buy, sell and/or lease out, all in one safe and convenient place? Besides that, the repositioning of containers is not done or accounted for individually - containers are moved and charged as a fleet, so a problem with a couple of boxes is not your fault or charge- it is the managing leasing company who have to swallow that cost. Just run the scam for 3 or 4 years and gather up as many people as possible to "invest" then shut it down and dissapear into the shadows. This is not the way the business works and individual boxes are not micro-managed this way. Greg Miller covers maritime for FreightWaves and American Shipper. , you can buy a cargo-worthy 20ft container in Chicago, USA. Thank you very much Need more reasons to invest in containers? The money will stop flowing to you one day, and your initial investment is gone. I am earning less than .02 % return on my investment and Pacific tycoon do not respond to my request to return my capital. Here, youll be buying up containers to form a fleet, and then leasing out this fleet to make money over months and even years. Now I have 70 containers with Davenport Laroche. But it's smells fishy. googletag.pubads().collapseEmptyDivs(); Copyright 2023, All Rights Reserved, FreightWaves, Inc. Container rates are on fire. I would recommend Davenport as a good opportunity to make good money with no hassle and low risk. Any website that you think it would be helpful for someone that starts now it would be appreciated. I will update this post if I get a positive outcome to my situation. DO NOT get involved with P.T or Davenport. After further research I am becoming more convinced that in reality we do not own anything. are another viable option, as theyre extremely important for transporting temperature-sensitive goods and. Natu Rama. Another way to invest in shipping containers is to buy stocks in shipping companies. 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! Maybe it will be [third-quarter] earnings. if you read comments carefully you can see there is something smelly in the whole scheme. Moreover, shipping companies are highly leveraged and are exposed to the risks of the coronavirus and counterparty risk from liners. Thank you so much for your article read with great interest. And what do the curiously low prices of some container equities say about sentiment toward a U.S. recovery? Original investment of 4100$ is worth 0$ after 15 years. Then you would have seen that the claims made by PT and DL and others are far, far too good to be true. What are the numbers of these containers? I did well financially. and investing in them through Big Picture Alternatives. Pacific Tycoon- https://www.pacifictycoon.comInvest Containers- https://shipping.investcontainers.comPassive income Academy- https://www.kindleincomeacademy.. Did they show you any pictures of the containers (YOUR containers)? }); According to Randy Giveans, analyst at Jefferies, When you look at tankers, theres a lot more volatility in rates. Benefits of investing in shipping containers on Container xChange, Make smart container investment decisions with xChange Insights, What you need to know before investing in shipping containers, How to safely invest in shipping containers, Join Container xChange to buy, sell, and lease out containers to earn profits, Shipping container investment: Common FAQs. Shipping firm Maersk spends 1bn on 'carbon neutral' container ships The second method also starts with purchasing containers at low prices in surplus areas. IT'S A TOTAL SCAM!!! Then, sell it in a high-demand location like Winnipeg, Canada for around. Do not believe this hype, I purchased 20 containers from Pacific Tycoon in Honk Kong in 2014 under the aggressive lease returns for the fist year were 16% and 7.85% for the second year, this hardly 20+ % that is being promised, I also had issues after the 2 year lease was up when I tried to liquidate my investment, had to threaten them with legal action before my money was returned. The liner companies are the direct beneficiaries of these soaring spot rates. In my view PT is a very professional operation of some 14 years, and just like many business at one time or another are experiencing some difficulties. 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. 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. This is based on lease rates charged by shippers. 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. Investing in Shipping Containers - YouTube Check out our company profiles to learn more. If you 'bought' containers why didn't you get container numbers and documents of title, along with the manufacturing details? Lately I have noticed a growing number . Investing in shipping containers offers investors a great hedge against the euro since most are priced in U.S. dollars. googletag.cmd.push(function() { 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. Hi James. But because you are getting paid, and getting 15% back, you get your family, friends, work colleagues to all join in. The third party investment company that called me has a similar hokey website. One of my payments was stopped by my bank wanting the usual ID checks, passport etc, my tax reference and said until they were sure everything checked out, the revenue were happy tax was being accounted for the payment would not be released. Whats more, deal directly with partners no fuss, no middlemen. googletag.cmd.push(function() { Well cover three main methods: The first step? Hi Abraham, Don't lose that hard-won money or spend sleepless nights wondering if it is all legitimate! And some of them may have doors on both sides or just one. Why? Here, you can browse container prices and leasing rates in over 180 locations around the world. The greatest minds in the transportation, logistics and supply chain industries will share insights, predict future trends and showcase emerging technology the FreightWaves waywith engaging discussions, rapid-fire demos, interactive sponsor kiosks and more. What a simple/clever scam! So you think it's legit and tell your family and friends. googletag.enableServices(); On xChange, all prices and leasing rates are stated up front, in full. Any advice is appreciated. I started with 4 containers in order to get a monthly payment and went for the high income plan. All payments are credited in real time, and you can check all credits and charges online in one place. With all of these benefits, youre completely set to manage your container investment in one convenient place. Staxxon is planning to sell shipping containers that can fold "accordion-style" and shrink to about one-fifth the size of a typical 20-foot or 40-foot container. They bombard you with literature about how good shipping is doing but don't offer any information about the company it's self. Think before you jump, do your research and read up on as many blogs and comments you can get too. I could add a few more comments but the details don't matter - PT and Davenport Laroche (and Dedaco) are Ponzi schemes with no containers, no shipping line customers and no intention of participating in legitimate global trade. People are looking at it as a non-energy, non-tech way to play the COVID-19 recovery. The hidden opportunity in container shipping | McKinsey DOWNLOADS The container-shipping industry has been highly unprofitable over the past five years. if you have been fooled once, why is not going to happen twice? I along with many other investors with PT have had nothing but trouble with payments and sell backs. These companies are dedicated to helping investors manage their investments and provide services and support to ensure that they realize high returns. I have spoken to Pacific Tycoon about this company in Australia. And this is for just one unit, imagine what you could make on multiple containers! Invest elsewhere, but always do your research. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767737710-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); ON SHIPPING CONTAINER INVESTMENT WITH DAVENPORT LAROCHE.
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