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[ade]

Does anyone have any experience with Pacific Tycoon shipping container management.

This company says they will manage a container for you and return the profit to you the owner.
They are promising potential profits of 30% PA after expenses.
On the downside they say there is very little.

They say demand is so strong that the containers are unlikely to lie idle.
The containers are insured so they will be replaced if damaged or lost.

How can you possibly lose money. However one or two things worry me.

If they can earn far in excess of 30% on capital why not just buy the containers, why use us.
Since registering my interest I have been subject to boiler room type tactics to persuade me to buy some containers.
The cost of Insurance has not been made explicit nor the cost of having the container lay idle.
Seems too good to be true. Earn 30% PA with little risk and no effort on the part of the investor.


I will apreciate any comments.

[Hugh Jarse]

I would view this company's claims with an air of scepticism. I recently looked into shipping domestic goods from Europe to S.eAsia and found that prices are now low as so much competition and overcapacity of containers v. demand for them. Do look at their accounts over the past 3 years..
Not being an expert , but suggest you look at www.lloydslistings.co.uk and the Chinese co. www.ccs.cn and use their sites for intelligence.
Good luck .

[janverbeem]

Someone came to visit my parents and tried to sell them exactly the same story.............................That was I estimate 40 years ago.

[impulse]

Hand me the money, I'll take it to Macau and share the profits.  I promise "potential" profits of 100% or higher.

Why any company would have to look for small investors for a 30% return would immediately send up a red flag on my smell-o-meter.  There are literally hundreds of thousands or millions of used containers sitting in the USA, being sold for a small fraction of their original cost to be used as storage, deer blinds and other creative uses.  Why? because there are too many of them and it's easier and cheaper to dispose of them than to ship them back to China empty.  Seems like a poor place to invest right now, but I'm no expert.

[CWMcMurray]

Not to mention that almost all containers being shipped are owned by the Ocean Liner that will be moving the cargo...

i.e. if you book transport on MAERSK, you load goods in a MAERSK container or if you book with Hanjin, you load goods in a Hanjin container... etc

It is possible to book freight if moving via SOC (shipper's own container), but in many cases shipping lines will charges a SOC surcharge.

Given this why would any one rent a container for shipping purposes when it would cost them less to use the liner's container?

The exception is if the customer needs the container long term, i.e. for long term storage at destination or if the container has been modified for a special purpose i.e. as a mobile office or to handle specialized cargo...

Butr in these cases, the customer will normally BUY their own container, they will not normally rent a container from a company...

[KIO]

Hi,

Found this post as I was serching info on Pacific Tycoon. Their marketing manager, Chris Newell, whom I myself spoke to a couple of days ago can be seen on this page: linkedin . com
I have never hered about this page before, is it a "big" page? His credentials sounds pretty good.

BR

KIO

[Lancashirelad]

The advertised rate is now 12%

Any more on this?