Bohai Leasing Exits Container Leasing Market China's Bohai Leasing is selling Global Sea Containers (GSCL), also known as Seaco, to US-based Typewriter Ascend in a $1.75 billion deal, marking their complete exit from the container leasing market. Typewriter Ascend, controlled by Stonepeak Partners and affiliated with Textainer, will acquire 100% equity of GSCL. The combined entity will manage a significantly larger container fleet, with GSCL currently owning around 2.4 million TEU with a 98.5% utilization rate. Bohai Leasing cited financial challenges and a desire to focus on its core aircraft leasing business as reasons for the sale. The deal requires regulatory approvals. Read more here: https://www.seatrade-maritime.com/containers/bohai-leasing-exits-container-leasing-market