Who we are

Cronos is one of the world's largest lessors of intermodal marine containers in the world, owning and managing a fleet of dry cargo, refrigerated, tank, and other specialized containers. Through an extensive global network of offices and agents, Cronos leases its own containers, as well as those it manages for several investment programs, to approximately 400 ocean carriers and transport operators, including all of the 20 largest ocean carriers.

Cronos focuses on supplying high-quality containers to its customers. All new containers ordered by Cronos are manufactured to specifications that exceed International Standards Organization (ISO) standards and are designed to minimize repair and operating costs. This investment in quality also enhances residual values. Cronos operates primarily dry cargo and refrigerated containers but during 1993 it began to diversify into tank and other specialized containers. Cronos believes that this fleet diversification maximizes the services it can offer by enabling it to supply a wide range of its customers' equipment requirements.

Cronos provides value-added service through a combination of its global support network, personal relationships with customers, a young and high-quality container fleet, up-to-date information technology, and flexible leasing arrangements.

30 Years Of Containerization

In the 1960's, a typical ship carried 12,000 tons of cargo with a crew of 40 and required 10 days to unload. Today, a container-ship can carry six times the cargo with one-third the crew. Mechanized terminals unload and reload huge containerships, some carrying more than 5,000 containers, in less than a day.

Since the late 1960's, containerization and world trade has spiraled upward in synchronous growth. More efficient transport methods created greater volumes of trade which in turn required more economical transport of cargo, producing reduced transport time and costs. Today, the major cost components in international manufacturing and trade design are raw materials and labor.

One of the primary benefits of containerization has been the ability of the shipping industry to effectively lower freight rates due to efficiencies created by standardized intermodal containers. Containers can be handled much more efficiently than loose cargo and are typically shipped via several modes of transportation, including truck, railway and ship. Containers require loading and unloading only once and remain sealed until arrival at the final destination, significantly reducing transport time, labor, handling costs and losses due to damage and theft. Efficient movement of containerized cargo between ship and shore shortens the amount of time that a ship must spend in port and lessens the transit time of freight moves.

Legal Indemnification

Legal

This website discusses certain forward-looking matters that involve risks and uncertainties that could cause actual results to vary materially from estimates. Risks and uncertainties include, among other things, changes in international economic conditions, the volume of world trade, exchange rate fluctuations, changes in market conditions for the company’s container lease operations, import-export restrictions, other governmental regulations, and other factors that are inherently unpredictable and beyond the control of Cronos.

This site is published with the understanding that the publisher is not engaged in rendering legal or investment services. Since each individual's situation is unique, a qualified professional should be consulted before making tax, legal, financial, or investment decisions. We make no guarantees as to the accuracy, thoroughness or quality of the information, for both content and links, and are not responsible for errors or omissions. This site is provided on the express condition, to which all making use thereof assent, that no liability shall be incurred by Cronos Ltd., its subsidiaries, or any of its employees.

Nothing on this site should be construed as an offer or solicitation to buy or sell any products or securities. All investments involve risk. Past performance does not guarantee future results.

We will not give or sell to anyone email addresses that have been provided to us.

License

We hereby grant you the right to view and use this web site subject to the terms and conditions of this Agreement. You may download and/or print a copy of information provided in this web site for your personal use only. However, Cronos also reserves the right to withhold permission to reproduce this material. Permission to reprint or electronically reproduce any document or graphic in whole or in part for any other purpose is expressly prohibited, unless prior written consent is obtained from Cronos. You may contact us at: Cronos Ltd., Attn: Investor Relations, One Front Street – 15^th Floor, San Francisco, California 94111.

Trademark

The Cronos logo is a registered trademark.

This site is owned and operated by Cronos Ltd..

Materials and information contained herein may be reproduced without prior permission provided proper attribution is given to Cronos. However, Cronos also reserves the right to withhold permission to reproduce this material.

You may quote text for commentary purposes or link to the site, provided you credit Cronos and include a link to our Home Page next to the quote (if on the Web), or you credit Cronos and mention the Home Page location next to the quote (if off the Web). In both cases, you may also include the Cronos logo.

Other web sites wishing to link to this site are also asked to inform us.

Links

The Cronos web site may contain links to web sites operated by other parties. These links are provided for your convenience only. We do not control such web sites, and we are not responsible for the content and performance of these sites, nor for the quality or suitability of any content found therein, or for your transactions with them. Our inclusion of links to such web sites does not imply any endorsement of the material on such web sites or any association with their operators. Cronos does not in any way operate, control or endorse any information, products or services provided by third parties through the Internet. If we are linking to your site and you do not want us to, let us know and we will gladly remove the link.