Florens

Since 1987, when Florens delivered its first container under long-term lease, we have steadily increased our commitment to the global shipping industry. Early on, we focused on the supply of dry and refrigerated containers on long-term leases for Asian-based accounts, particularly Cosco. In 1992, we invested in containers as part of third party management programs. By 1995, our customer base for long-term units expanded to carriers outside of Asia. In 1996, our organization expanded globally by opening offices and depots worldwide. At the same time, master and short-term leases were added to the portfolio. Open-tops and flat-racks were added to the expanding dry-cargo and refrigerated container fleets. Not only are we positioned to deal with the leasing sector of our industry, but we also offer a full array of used containers for sale around the world. Florens' on-going commitment to our global customer base is best demonstrated by our investment strategy: Containers: We are the second largest company in the container leasing industry with 19.6% global market share. Our group fleet exceeds 3,500,000 TEU out of which 1,900,000 TEU have been made available to the global shipping community. Recent purchases include dry cargo, refrigerated cargo, tank and a wide range of special containers. We plan to aggressively grow the dry cargo fleet for both long-term and master leases. Currently, our average leased container is 6.9 years old. Organization: Most of the international shipping lines are within our customer profile, which means we service customers both big and small from all over the Americas, Europe and Asia. To better serve the international shipping community, Florens Hong Kong maintains its headquarters and performed corporate functions.