GE SeaCo arbitration decided

John Holmes-Walker, a well-known figure in the container industry, has died at the age of 77 after a long and courageous battle against cancer.

John Holmes-Walker, a wellknown figure in the container industry, has died at the age of 77 after a long and courageous battle against cancer.

Almost two years after it acquired container lessor GE SeaCo from GE Capital and SeaCo Ltd, China’s HNA Group Company Ltd has returned to GE Capital to buy the latter’s European trailer rental operation TIP Trailer Services

The tank leasing sector enjoyed an outstanding year in 2011. While the eurozone crisis and its possible impact are now creating uncertainties, lessors seem confident about future prospects.

China’s HNA Group Company Ltd (HNA) and HongKong based Bravia Capital have completed the US$1.05B acquisition of the world’s fifth largest container leasing company, GE SeaCo (see WorldCargo News August 2011, p1).

The Institute of International Container Lessors (IICL), the leading trade association for the container and chassis leasing industries, is celebrating its 40th anniversary this year.