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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.
In October 2009, Textainer acquired 31,000 containers (53,000 TEU) of Amphibious Container Leasing Ltd, (Amficon), mostly speciality containers. [6] 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.
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]
SeaCube Container Leasing (NYS: BOX) reported earnings on May 7. Here are the numbers you need to know. The 10-second takeawayFor the quarter ended March 31 (Q1), SeaCube Container Leasing met ...
From a vantage point over the freight industry, it can be argued that international trade owes a lot of its growth to the humble intermodal shipping container. Pioneered and made mainstream in the ...
SeaCube Container Leasing Ltd. Reports Third Quarter 2012 Results Third Quarter 2012 and Year-to-Date Highlights For the third quarter, adjusted net income increased 15% year-over-year to $12.8 ...
The company's fleet included 7.1 million TEU containers, open tops, flat racks, generator sets and chassis. [1] When TAL International and Triton Container International merged in July 2016, [2] [3] Triton International became the largest container leasing company with a market share of 26%. TAL International's then-CEO Brian Sondey went on to ...
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