CTS Provides globalised Container Shipping statistics on TEU volume movements and Price indices ", they should verify with us by calling us on (852)23633381 or … [5], Despite selling various businesses and assets, Sea Containers announced in early October 2006 that it was unlikely to be able to pay a $115m (£62m) bond due on 15 October. [6], On 6 November 2006 the Department for Work & Pensions wrote to Sea Containers that it must pay £143m to its two UK pension schemes if it wants to wind them up. 4, 44, and 64, Amendment of FASB Statement No. Our key services include freight movements by sea, air, rail and road, to and from … Although valued with a net worth of £60million in the 2004 Sunday Times Rich List,[4] as Sea Containers hit financial troubles, he resigned from each of his companies in 2006. Our experienced sea freight experts ensure your goods safely reach their destination worldwide. If customers are suspicious about the identity of the name "BSL 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. Seaco regularly sells a wide variety of containers from our large and diverse fleet. At Global Shipping Containers Limited, we specialise in the sales and rentals of shipping containers and associated accessories. contact the local team in Cape Town or Durban on availability and prices to buy. Sherwood was replaced by turnaround specialist Bob Mackenzie, while Ian Durant became senior vice-president of finance. The major shareholders in the new company were the former Sea Containers Ltd bondholders and two of the group's UK pension funds. In 2009 its maritime container interests were transferred to a new company SeaCo Ltd.[1], Yale University graduate and retired United States Navy officer James Sherwood founded Sea Containers in 1965, with initial capital of $100,000. Sea Containers was a Bermudan registered company which operated two main business areas: transport and container leasing. [1], The company's container leasing business was conducted mainly through GE SeaCo, a joint venture with GE Capital formed in 1998. With a network of worldwide locations, we can offer equipment to our customers when and where it is needed. Our customers have access to over 200 ports-of-call. Please feel free to add any further information that will support your enquiry, Seaco remembers its Pioneering Founder who sadly passed away, Business as usual with a remote workforce, Seaco roll-up their sleeves for Vietnam CSR project, Seaco accelerates growth with new office in Houston, Bohai Capital Issued the Unsecured Bond of 1.06 Billion RMB, Cool Logistics Virtual Event 13-15 October. [3], In March 2006, Sherwood resigned from all positions in the various Sea Containers Companies. Sea Containers Property Services Ltd – property development, property asset management. One-Way Move (Cabotage), enables customers to lease a container which can be picked up at one location and returned to another location, subject to Seaco's terms and conditions. [7], On 11 February 2009, its maritime container interests were transferred to a new company SeaCo Ltd, with the wind down and liquidation of the remainder of the group continuing. Seaco is led by strong Executive Leadership and supported by a global senior management team with years of industry knowledge and expertise. Seaco is led by strong Executive Leadership and supported by a global senior management team with years of industry knowledge and expertise. Seaco is owned by the Bermuda -based Global Sea Containers Ltd., which is itself indirectly owned … 13, and Technical Corrections", effective January 1, 2002, and SFAS No. Seaco offers an unparalleled range of containers for every use, including Refrigerated and temperature controlled units, Tanks, Standard Dry Freight boxes, Swapbodies and Specialised containers. Seaco Global Logistics and Supply Chain Hincks Street, Bridgetown 4,009 followers About us Founded as Sea Containers in 1965, Seaco has 50 years of leading change in the container leasing industry. SFAS No. Former internet property of Sea Containers Ltd, "Sea Containers Implements Plan of Reorganisation", Collapse was not my fault says Sea Containers boss, Sea Containers files for Chapter 11 protection, New owner to keep SeaStreak ferries afloat, GNER pays £1.3bn to retain East Coast mainline, Conveted franchise operated by Bermudan company, Green Light for High Speed Services for Kent - Four Bidders Selected for new Kent Franchise, https://en.wikipedia.org/w/index.php?title=Sea_Containers&oldid=983899890, Companies formerly listed on the New York Stock Exchange, Creative Commons Attribution-ShareAlike License, SNAV-Hoverspeed: a joint venture with Italian ferry operator, Hart Fenton: a naval architecture and marine engineering company, sold to Houlder in 2006. In May 1989, Tiphook launched an unsuccessful takeover bid for the company. 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