Seaco leases SeaCells by the seashore. The company is among the largest shipping-container lessors in the world. It leases its 2.3 million twenty-foot equivalent units, comprising SeaCells (two-pallet-wide containers) and other equipment such as refrigerated containers, tanks, flatracks, and swapbodies (intermodal containers). It leases its containers via a depot network in some 175 port locations in around 50 countries. It offers domestic and international leasing, container sales, and third-party asset management. The company was initially formed in 1998 as a 50/50 joint venture between GE Capital and Sea Containers Ltd. Seaco is owned by HNA Group.