Website traffic statistics
Pages viewed and unique visitors to WCN Online
Month/
year
Page
views
Unique
visitors
Oct '17733,01434,345
Sep '17685,28725,490
Aug '17947,20130,169
Jul '17688,12024,645
Jun '17710,85423,452
May '17809,49122,808
Apr '17600,63723,897
Mar '17664,10026,870
Feb '17511,81924,889
Jan '17597,53831,368
Dec '16692,56026,566
Nov '16672,32528,904
Oct '16558,87820,127
Sep '16528,03820,578
Aug '16482,16818,484
Jul '16461,78816,728
Jun '16452,25720,350
May '16522,07718,502
Apr '16433,09116,773
Mar '16454,71616,488
Feb '16479,59014,371
Jan '16529,85415,815
Dec '15492,60218,837
Nov '15353,00820,085
Oct '15417,35713,005
Sep '15355,91215,297
Aug '15411,40314,704
Jul '15354,72013,342
Jun '15417,67319,164
May '15580,07721,606
Apr '15376,62021,696
Mar '15339,35123,090
Feb '15332,08421,684
Jan '15322,89225,157
Dec '14356,31821,346
Nov '14366,08923,187
Oct '14357,83324,423
Sep '14401,28320,054
Aug '14372,89715,248
Jul '14358,38815,902
Jun '14320,07316,212
May '14388,06821,008
Apr '14341,87020,693
Mar '14313,31919,996
Feb '14271,67916,435
Jan '14200,47419,854
Dec '1393,03315,996
Nov '1392,26117,397
Oct '1389,71817,456
Sep '1394,33018,762
Aug '13102,80416,609
Jul '1382,65216,167
Jun '1388,37417,497
May '13104,17220,211
Apr '1397,46219,191
Mar '13115,84721,047
Feb '13102,19020,176
Jan '13120,44421,077
Dec '12110,79719,692
Nov '12103,45821,428
Oct '1290,41919,012
Sep '1299,50420,003
Aug '12111,41120,782
Jul '12110,15420,259
Jun '12106,61220,830
May '12120,22120,940
Apr '1280,45617,069
Mar '12103,54521,411
Feb '1293,23421,162
Jan '1285,53419,807
Dec '1182,36615,345
Nov '1181,83620,021
Oct '1179,78019,855
Sep '1162,05814,726
Aug '1155,77813,859
Jul '1166,33614,504
Jun '1180,32018,321
May '1184,29219,675
Apr '11194,02719,022
Mar '11127,03417,375
Feb '1165,99614,928
Jan '1167,05315,578

WorldCargo News the world's leading resource for international cargo professionals
CLICK HERE for our FREE weekly eNewsletter
Search: 

Published: 15 July 2014      

Bohai moves for Cronos

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.

Subject to regulatory approvals and other conditions, a minority investor will acquire the remaining 20% of Cronos, the world’s eighth largest box lessor, which is majority-owned by funds affiliated with Kelso & Co and Transportation Capital Group.

The transaction, the terms of which have not been disclosed, has been arranged by Bravia Capital, a Hong Kong based investment and advisory firm, which participated in the US$1.05B acquisition of GE SeaCo by China’s HNA Group Company Ltd (HNA) in 2011. The company was renamed Seaco and in December 2013 was placed under the control of the equipment leasing division of Bohai Leasing, a Shenzhen Stock Exchange-listed majority-controlled subsidiary of HNA.

Seaco and Cronos will continue to operate separately during the period prior to the finalisation of the acquisition. Following completion, the Bohai subsidiaries will control a fleet of around 2.2M TEU, putting it in third place in the container leasing league table behind Textainer and Triton and in the number one spot in terms of fleet value with a total of 3,420,000 cost equivalent units (CEU).

“We believe that the acquisition of Cronos will be a strong complement to our existing investment in Seaco, enhancing our ability to service an expanded list of customers globally and strengthening our capabilities in many regions around the world,” said Wang Hao, Chairman of Bohai Leasing. “We are a group committed to growth and customer service and are eager to finalise an agreement and welcome Cronos as the newest addition to our successful portfolio of transportation finance and leasing companies.”

Bharat Bhise, CEO of Bravia Capital said, “Bohai’s investment in container leasing through its current ownership of Seaco and its contemplated investment in Cronos will create the largest diversified fleet of dry, reefer, tank and special containers in the world. Cronos is a world class container leasing company and we are pleased to bring an acquisition to Bohai that is a very strong strategic fit.”

Deutsche Bank Securities acted as the financial advisor to Bohai Leasing and Sidley Austin LLP is acting as legal advisor with respect to the transaction. Keefe, Bruyette & Woods Inc acted as the exclusive financial advisor and Debevoise & Plimpton LLP along with Greene Radovsky Maloney Share & Hennigh LLP are acting as legal counsel to Cronos.


To find out more about WorldCargo News:
  • Click here to order a back issue
  • Click here to subscribe to WorldCargo News
  • Click here for a sample back-issue of WorldCargo News
  • Read related items
    Click on the links below to read other news and features related to this item.
  • Bohai Leasing
  • Bravia Capital
  • Cronos Container
  • HNA Group
  • SeaCo
  • Container and swap-body leasing


  • All contents © WCN Publishing, 24 Bridge Street, Leatherhead, Surrey KT22 8BX, England.