GE SeaCo under new ownership

Global logistics service providers have a crucial role to play as their market evolves, and they must provide a wider range of top quality services.

Seaco has indicated it is happy with its integration of Cronos, and is looking for additional merger and acquisition opportunities. Seaco’s parent company Bohai leasing (itself part of the HNA Group) acquired Cronos in January 2015, catapulting Seaco into the world’s largest container leasing company by CEU (container equivalent units) with a fleet of 3.6M CEU – a 15% market share. “HNA Group (Bohai’s parent), is now a Fortune Global 500 company that is keen to grow further through mergers and a

Bohai Leasing Co Ltd, parent company of the world’s sixth biggest container leasing company, Seaco, has signed a memorandum of understanding (MoU) with Cronos Holding Company Ltd for the acquisition of 80% of Cronos Ltd.

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).