Search results
Results from the WOW.Com Content Network
The company was formed as GE Seaco in 1998 as a joint venture between General Electric and Sea Containers. Sea Containers filed for Chapter 11 bankruptcy protection in 2006, and its interests including the stake in GE Seaco were transferred to a new company, Seaco Ltd. Seaco Ltd sold GE Seaco, renamed Seaco Srl, to HNA Group in 2011. [1]
In May 2011, the firm acquired about 171,000 TEU of containers and related lease rights and working capital ($174 million) that it has been managing for Buss Global since 2006. [ 7 ] In December, 2012, TGHL acquired a 50.1% interest in TAP Funding Ltd. for about $78 million, with many types of container (dry freight, refrigerated). [ 8 ]
The company's container leasing business was conducted mainly through GE SeaCo, a joint venture with GE Capital formed in 1998. GE SeaCo was sold to the HNA Group for approximately $1 billion on 15 December 2011 and now operates as Seaco. [26]
The 10-second takeawayFor the quarter ended March 31 (Q1), SeaCube Container Leasing met expectations on revenue and missed estimates on SeaCube Container Leasing Misses Where It Counts Skip to ...
For premium support please call: 800-290-4726 more ways to reach us
Leasing business accounted for 55% of new container purchases in 2017, with their box fleet growing at 6.7%, compared to units of transport operators growing by just 2.4% more TEU, said global shipping consultancy Drewry in their 'Container Census & Leasing and Equipment Insight', leading to a leased share of the global ocean container fleet ...
For premium support please call: 800-290-4726 more ways to reach us
The port is currently the 15th busiest container port in the world, as well as the fifth most efficient port in the world. [2] The port is situated on the eastern mouth of the Pulai River in south-western Gelang Patah, in close proximity to the Straits of Johor, which separates the countries of Malaysia and Singapore and the Strait of Malacca.