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Seaco Srl is a company that sells and leases marine containers.It 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 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 ...
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, container leasing company SeaCube Container Leasing (NYS: BOX ...
It was once a constituent of the FTSE 100 Index and became the world's second largest marine container leasing business in the 1990s. [1] Tiphook was established by Robert Montague in 1975 with the goal of capitalising on the transition towards ISO-based intermodal containerised based logistics. It focused on the leasing of containers and ...
In August 2011, the HNA Group purchased GE Seaco via its Bohai Leasing affiliate for US$1.05 billion, [68] the world's 5th largest marine container leasing company. [69] In October 2012, the HNA Group completed its acquisition of a 48 percent stake in Aigle Azur, France's second largest airline, for €52 million. [70]
PSA's local unit in a letter to the government on April 24 said importers might not remove their containers from ports due to free storage, adding India's "high-risk strategy" could clog terminals ...