Textainer Group Holdings Limited is a holding company that focuses on purchasing, leasing, and resale of marine cargo containers. The company was set up in 1979 by Ken George and Jim Sullivan, and is based in

Hamilton, Bermuda The City of Hamilton, in Pembroke Parish, is the territorial capital of the British Overseas Territory of Bermuda. It is the territory's financial centre and a major port and tourist destination. Its population of 854 (2016) is one of the sm ...

. There are three business segments: Container Ownership, Container Management, and Container Resale. As of January 22, 2014, the company was the lessor of about two million

intermodal container An intermodal container, often called a shipping container, is a large standardized shipping container, designed and built for intermodal freight transport, meaning these containers can be used across different modes of transport – from sh ...

s. The company leases containers to more than 400 shipping lines and other lessees. In October 2012, it acquired about 81,000

twenty-foot equivalent unit The twenty-foot equivalent unit (abbreviated TEU or teu) is an inexact unit of cargo capacity, often used for container ships and container ports.Rowlett, 2004. It is based on the volume of a intermodal container, a standard-sized metal box whi ...

s (TEUs) of dry freight containers from managed fleet. In December 2012, the company acquired a 50.1% interest in TAP Funding Ltd. In January 2013, the company acquired about 24,000 twenty-foot equivalent units of standard dry freight containers from its managed fleet. The company owns two subsidiaries, Textainer Equipment Management Limited (TEML) and Textainer Limited (TL). TL owns two subsidiaries, Textainer Marine Containers Limited (TMCL) and TW Container Leasing Ltd. (owned by TL and Wells Fargo Container Corp..

Operations

Textainer operates in 14 regional and area offices: Americas Region in Hackensack, New Jersey; European Region in London; North Asia Region in Yokohama; and the South Asia Region in Singapore. The company has more than 400 leasing customers and more than 1,100 container sales customers. In January 2014, Textainer Group Holdings Limited completed the acquisition of about 30,000 TEU of standard dry freight containers from its managed fleet ($35 million), which increased the percentage of Textainer’s owned fleet to 77%. In December, 2013, the company announced their fleet surpassed 3 million TEU, which represented a major milestone for the company as well as the industry. In December, 2012, Textainer acquired a 50.1% interest in TAP Funding Ltd. for about $78 million, with many types of container (dry freight, refrigerated).
In May 2011, Textainer acquired about 171,000 TEU of containers and related lease rights and working capital ($174 million) that it has been managing for Buss Global since 2006. In October 2009, Textainer acquired 31,000 containers (53,000 TEU) of Amphibious Container Leasing Limited (Amficon), mostly speciality containers.

Products and services

The Container Ownership segment owns and leases dry freight containers (also dry freight specials). The Container Management segment offers acquisition and management services. The Container Resale segment sells containers from its fleet (also purchasing, leasing, or reselling containers). The company also provides leased containers under a contract with the

Surface Deployment and Distribution Command A surface, as the term is most generally used, is the outermost or uppermost layer of a physical object or space. It is the portion or region of the object that can first be perceived by an observer using the senses of sight and touch, and is ...

for the US military. Textainer_container_2

References

External links

* {{Authority control Companies listed on the New York Stock Exchange Holding companies established in 1979 Container shipping companies Business services companies established in 1979 1979 establishments in Bermuda Companies of Bermuda 1979 establishments in North America

Operations

Products and services

See also

References

External links