SeaCube Container plans stock offering

SeaCube Container plans stock offering    SeaCube Container, a company incorporated by Seacastle, and one of the world’s largest container leasing companies, said it plans to sell shares to the public.
   The company is primarily owned by private equity funds managed by an affiliate of Fortress Investment Group.
   Press reports and the Web site IPOmonitor.com say the company is planning to raise up to about $165 million.
   SeaCube said it primarily leases containers under long-term contracts to shipping lines. It employs 78 people in seven offices in four countries, and had total assets of $1.1 billion at the end of last year. The company said it owns or manages a fleet of 542,340 units, representing 842,570 TEUs of containers and generator sets. About 51 percent are reefers.
   SeaCube said Harrison Consulting ranks it as the world’s largest lessor of refrigerated containers with an estimated 28 percent market share based on TEUs. As of Dec. 31, total utilization was 96.7 percent, as measured in units.