Tank container leasing group Peacock Container Holding Pte. Ltd. has announced that it recently executed binding documentation through its affiliate companies in Singapore to acquire a portfolio of 9,000 tank containers and associated operating and financial leases from GEM Containers (GEM).
The acquired fleet of young assets consists of a variety of tank container types with solid long-term leases to reputable clients. The addition of assets will boost the total fleet of Peacock to 16,500 tank containers, resulting in Peacock moving to the top six largest tanks container lessors globally.
[s2If is_user_logged_in()]The combined fleet will offer operational and scale advantages to both existing customers and new customers, according to an announcement while it also leads to a reduction in average asset age while increasing the average remaining contract term.
“The Peacock team is looking forward to working with GEM’s customers and being able to offer them advantages of a combined fleet. We are committed to serve our existing and new customers whilst growing together over the long term,” commented Jesse Vermeijden, Peacock CEO.
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