Skip to main content

Shipping Container Deal Will Produce One of the World's Biggest Box Lease Groups

02 February 2015

Amalgamation of Two Companies Leaves 2,179 Million TEU under Single Management 

CHINA – WORLDWIDE – Steady as she goes is the message given out to customers after the news Bohai Leasing has purchased Cronos Limited, the Bermuda based shipping container leasing group which it intends to eventually integrate into the Chinese company’s own box lease division Seaco. Despite the deal Cronos says all management currently in place will remain for the foreseeable future.

Both parties believe it will take time to optimise the strengths and synergies of the two organisations. To this end, there will be no immediate changes that would affect the external relationships presently maintained by Seaco and Cronos and envisage that the integration process will need to be carefully considered before instituting any changes.

The deal will mean that the combined group will own and manage 2,179 million TEU making it one of the world’s largest container fleets. Bohai says the company will have the most diversified container leasing fleet in the industry, with both the largest reefer and specials fleet within its wide portfolio of equipment. 

The acquisition was originally agreed in November when Global Sea Containers, a Bohai subsidiary agreed to purchase 80% of shares in Cronos Ltd.

 The total contract value, which includes Bohai taking on $25.88 million of the company's debt, is around $610 million and was to be paid in cash.

Money for the deal came from funds managed by Kelso & Co and the Transportation Capital Group. 

Hong Kong and Bohai says it is committed to growth through quality asset based acquisitions that complement its existing businesses and is delighted to have acquired this world class leasing company. 

Bohai Leasing, a subsidiary of the HNA Group, is a China based public company listed on the Shenzhen stock exchange. It owns and manages leasing companies and investments in aircraft, ships, containers, infrastructure, commercial property, medical equipment, automobiles, high-end equipment and other specialised lending and leasing businesses.

Popular posts from this blog


While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???

In alphabetical order by Country....



Alphonso (mango)
From Wikipedia, the free encyclopedia

Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 

It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

INDIA 2016 : Mango production in state likely to take a hit this year

TNN | May 22, 2016, 12.32 PM IST

Mangaluru: Vagaries of nature is expected to take a toll on the production of King of Fruits - Mango - in Karnataka this year. A combination of failure of pre-monsoon showers at the flowering and growth stage and spike in temperature in mango growing belt of the state is expected to limit the total production of mango to an estimated 12 lakh tonnes in the current season as against 14 lakh tonnes in the last calendar year.

However, the good news for fruit lovers is that this could see price of mangoes across varieties decrease marginally by 2-3%. This is mainly on account of 'import' of the fruit from other mango-growing states in India, said M Kamalakshi Rajanna, chairperson, Karnataka State Mango Development and Marketing Corporation Ltd.

Karnataka is the third largest mango-growing state in India after Uttar Pradesh and Maharashtra.

Inaugurating a two-day Vasanthotsava organized by Shivarama Karantha Pilikula Nisargadhama and the Corporation at P…

Mangoes date back 65 million years according to research ...

Experts at the Birbal Sahni Institute of Palaeobotany (BSIP) here have traced the origin of mango to the hills of Meghalaya, India from a 65 million year-old fossil of a mango leaf. 

The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 

After careful analysis of the fossil of the mango leaf and leaves of modern plants, the BISP scientist found many of the fossil leaf characters to be similar to mangifera.

An extensive study of the anatomy and morphology of several modern-day species of the genus mangifera with the fossil samples had reinforced the concept that its centre of origin is Northeast India, from where it spread into neighbouring areas, says Dr. Mehrotra. 

The genus is believed to have disseminated into neighb…