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All right. Well without further ado, we’re going to move on to our container panel here. So we’re moving on to the shipping side of the program. And this smooth transition – we’re not into tankers or dry bulk yet. We’re on the transportation end of the shipping world here with the container leasing guys.
And I’m very pleased to introduce the CFOs of both SeaCube and Textainer, we have Steve Bishop who we’ll hear from first and then Hilliard Terry following him. Thank you.
Thanks Jess [ph] and I’m going to keep my remark short because we want to keep a panel discussion going on here so I’ve just got a couple of slides. Obviously we always do the forward-looking statements, so I’d ask you to read this at your leisure and use your cautionary statements.
In terms of SeaCube the company, we’re one of the world’s largest container leasing company, a total fleet of almost 600,000 containers that both – we produce dry containers and gen set, and we’re also one of the largest lessors of refrigerated containers with about 20% global market share.
95% of our containers are on long term leases and average in main lease term is 3.8 years. $1.4 billion net book value, currently we’ve got 43% of our portfolio in reefers, 55% in dry containers and as well 2% in generator sets.