Textainer moves for Seaco
NewsIt has emerged that Textainer is in talks to acquire Seaco Global, a deal that would almost certainly raise issues about the level of market concentration in the container leasing industry.
After making a loss in four consecutive quarters, Textainer returned to profitability in Q3 2017, with a profit of US$18.4M. The turnaround was driven by much better market conditions, and Textainer recovering from the impact of the Hanjin Shipping bankruptcy.
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