SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 --------------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
           TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(b)

                               (Amendment No.)(1)

                               Sea Containers Ltd.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                CLASS A COMMON SHARES, PAR VALUE $0.01 PER SHARE
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    811371707
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                  March 3, 2006
- --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)
                                 --------------

Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

         / /     Rule 13d-1(b)

         /x/     Rule 13d-1(c)

         / /     Rule 13d-1(d)

- --------
         (1)  The  remainder  of this  cover  page  shall  be  filled  out for a
reporting person's initial filing on this form with respect to the subject class
of securities,  and for any subsequent  amendment  containing  information which
would alter the disclosures provided in a prior cover page.

         The information  required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise  subject to the  liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  SEE the
NOTES).





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CUSIP No. 811371707                   13G                    Page 2 of 11 Pages
- ----------------------                                    ----------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S.  IDENTIFICATION  NOS. OF ABOVE  PERSONS (ENTITIES ONLY)

                        NEWCASTLE PARTNERS, L.P.
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OF ORGANIZATION

                        TEXAS
- --------------------------------------------------------------------------------
  NUMBER OF       5       SOLE VOTING POWER
   SHARES
BENEFICIALLY                   1,438,700 shares
  OWNED BY     -----------------------------------------------------------------
   EACH           6       SHARED VOTING POWER
 REPORTING
PERSON WITH                    0 shares
               -----------------------------------------------------------------
                  7       SOLE DISPOSITIVE POWER

                               1,438,700 shares
               -----------------------------------------------------------------
                  8       SHARED DISPOSITIVE POWER

                               0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
               REPORTING PERSON

                     1,438,700 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES*                                               / /

- --------------------------------------------------------------------------------
    11          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     5.5%
- --------------------------------------------------------------------------------
    12          TYPE OF REPORTING PERSON*

                     PN
================================================================================

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!




- ----------------------                                    ----------------------
CUSIP No. 811371707                   13G                    Page 3 of 11 Pages
- ----------------------                                    ----------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S.  IDENTIFICATION  NOS. OF ABOVE  PERSONS (ENTITIES ONLY)

                        NEWCASTLE CAPITAL MANAGEMENT, L.P.
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OF ORGANIZATION

                        TEXAS
- --------------------------------------------------------------------------------
  NUMBER OF       5       SOLE VOTING POWER
   SHARES
BENEFICIALLY                   1,438,700 shares
  OWNED BY     -----------------------------------------------------------------
   EACH           6       SHARED VOTING POWER
 REPORTING
PERSON WITH                    0 shares
               -----------------------------------------------------------------
                  7       SOLE DISPOSITIVE POWER

                               1,438,700 shares
               -----------------------------------------------------------------
                  8       SHARED DISPOSITIVE POWER

                               0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
               REPORTING PERSON

                     1,438,700 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES*                                               / /

- --------------------------------------------------------------------------------
    11          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     5.5%
- --------------------------------------------------------------------------------
    12          TYPE OF REPORTING PERSON*

                     PN
================================================================================

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!



- ----------------------                                    ----------------------
CUSIP No. 811371707                   13G                    Page 4 of 11 Pages
- ----------------------                                    ----------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S.  IDENTIFICATION  NOS. OF ABOVE  PERSONS (ENTITIES ONLY)

                        NEWCASTLE CAPITAL GROUP, L.L.C.
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OF ORGANIZATION

                        TEXAS
- --------------------------------------------------------------------------------
  NUMBER OF       5       SOLE VOTING POWER
   SHARES
BENEFICIALLY                   1,438,700 shares
  OWNED BY     -----------------------------------------------------------------
   EACH           6       SHARED VOTING POWER
 REPORTING
PERSON WITH                    0 shares
               -----------------------------------------------------------------
                  7       SOLE DISPOSITIVE POWER

                               1,438,700 shares
               -----------------------------------------------------------------
                  8       SHARED DISPOSITIVE POWER

                               0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
               REPORTING PERSON

                     1,438,700 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES*                                               / /

- --------------------------------------------------------------------------------
    11          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     5.5%
- --------------------------------------------------------------------------------
    12          TYPE OF REPORTING PERSON*

                     OO
================================================================================

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!




- ----------------------                                    ----------------------
CUSIP No. 811371707                   13G                    Page 5 of 11 Pages
- ----------------------                                    ----------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S.  IDENTIFICATION  NOS. OF ABOVE  PERSONS (ENTITIES ONLY)

                        MARK E. SCHWARZ
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OF ORGANIZATION

                        USA
- --------------------------------------------------------------------------------
  NUMBER OF       5       SOLE VOTING POWER
   SHARES
BENEFICIALLY                   1,438,700 shares
  OWNED BY     -----------------------------------------------------------------
   EACH           6       SHARED VOTING POWER
 REPORTING
PERSON WITH                    0 shares
               -----------------------------------------------------------------
                  7       SOLE DISPOSITIVE POWER

                               1,438,700 shares
               -----------------------------------------------------------------
                  8       SHARED DISPOSITIVE POWER

                               0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
               REPORTING PERSON

                     1,438,700 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES*                                               / /

- --------------------------------------------------------------------------------
    11          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                     5.5%
- --------------------------------------------------------------------------------
    12          TYPE OF REPORTING PERSON*

                     IN
================================================================================

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!




- ----------------------                                    ----------------------
CUSIP No. 811371707                   13G                    Page 6 of 11 Pages
- ----------------------                                    ----------------------

Item 1(a).        Name of Issuer:

                  Sea Containers Ltd.

Item 1(b).        Address of Issuer's Principal Executive Offices:

                  22 Victoria Street
                  P.O. Box HM 1179
                  Hamilton HMEX, Bermuda


Item 2(a).        Name of Person Filing:

                  This statement is jointly filed by Newcastle Partners, L.P., a
                  Texas   limited   partnership   ("NP"),    Newcastle   Capital
                  Management,   L.P.,  a  Texas  limited  partnership   ("NCM"),
                  Newcastle  Capital Group,  L.L.C.,  a Texas limited  liability
                  company  ("NCG"),  and Mark E. Schwarz  (together with NP, NCM
                  and NCG, the "Reporting Persons").  Because Mark E. Schwarz is
                  the managing  member of NCG,  which is the general  partner of
                  NCM (Mark E. Schwarz,  NCG and NCM are hereinafter referred to
                  as the  "Controlling  Persons"),  which in turn is the general
                  partner of NP, the Controlling Persons may be deemed, pursuant
                  to Rule  13d-3 of the  Securities  Exchange  Act of  1934,  as
                  amended (the "Act"), to be the beneficial owners of all shares
                  of Common Stock held by NP. The  Reporting  Persons are filing
                  this  joint  statement,  as they may be  considered  a "group"
                  under Section 13(d)(3) of the Act.  However,  neither the fact
                  of this filing nor anything  contained  herein shall be deemed
                  to be an admission by the Reporting  Persons that such a group
                  exists.

Item 2(b).        Address of Principal Business Office or, if None, Residence:

                  300 Crescent Court
                  Suite 1110
                  Dallas, Texas 75201

Item 2(c).        Citizenship:

                  NP, NCM and NCG are  organized  under the laws of the State of
                  Texas.  Mark E.  Schwarz is a citizen of the United  States of
                  America.

Item 2(d).        Title of Class of Securities:

                  Class A Common Shares, par value $0.01 per share

Item 2(e).        CUSIP Number:

                  811371707



- ----------------------                                    ----------------------
CUSIP No. 811371707                   13G                    Page 7 of 11 Pages
- ----------------------                                    ----------------------


Item 3.           If This  Statement  is Filed  Pursuant  to Rule  13d-1(b),  or
                  13d-2(b) or (c), Check Whether the Person Filing is a:

                  /X/   Not Applicable

         (a)      / /   Broker  or dealer  registered  under  Section  15 of the
                        Exchange Act.

         (b)      / /   Bank as defined in Section 3(a)(6) of the Exchange Act.

         (c)      / /   Insurance  company as defined in Section 3(a)(19) of the
                        Exchange Act.

         (d)      / /   Investment  company  registered  under  Section 8 of the
                        Investment Company Act.

         (e)      / /   An   investment   adviser   in   accordance   with  Rule
                        13d-1(b)(1)(ii)(E).

         (f)      / /   An employee benefit plan or endowment fund in accordance
                        with Rule 13d-1(b)(1)(ii)(F).

         (g)      / /   A parent holding company or control person in accordance
                        with Rule 13d-1(b)(1)(ii)(G).

         (h)      / /   A savings  association as defined in Section 3(b) of the
                        Federal Deposit Insurance Act.

         (i)      / /   A church plan that is excluded from the definition of an
                        investment   company  under  Section   3(c)(14)  of  the
                        Investment Company Act.

         (j)      / /   Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

Item 4.           Ownership

         (a)      Amount beneficially owned:

                  1,438,700 shares

         (b)      Percent of class:

                  5.5% (based on 26,145,152 Class A Common Shares outstanding as
                  of October  31, 2005 as  reported  in the  Issuer's  Quarterly
                  Report on Form 10-Q filed  with the  Securities  and  Exchange
                  Commission on November 9, 2005)



- ----------------------                                    ----------------------
CUSIP No. 811371707                   13G                    Page 8 of 11 Pages
- ----------------------                                    ----------------------


         (c)      Number of shares as to which such person has:

         (i)      Sole power to vote or to direct the vote

                  1,438,700 shares*

         (ii)     Shared power to vote or to direct the vote

                  0 shares

         (iii)    Sole power to dispose or to direct the disposition of

                  1,438,700 shares*

         (iv)     Shared power to dispose or to direct the disposition of

                  0 shares

*Represents shares held directly by NP. By virtue of their relationship with NP,
the  Controlling  Persons may each be deemed to  beneficially  own the 1,438,700
Class A Common Shares of the Issuer held by NP.

Item 5.           Ownership of Five Percent or Less of a Class.

                  If this statement is being filed to report the fact that as of
the date hereof the reporting  person has ceased to be the  beneficial  owner of
more than five percent of the class of securities, check the following [ ].

Item 6.           Ownership of More than Five Percent on Behalf of Another Person.

                  Not Applicable

Item 7.           Identification  and  Classification  of the  Subsidiary  Which
                  Acquired the Security  Being Reported on by the Parent Holding
                  Company or Control Person.

                  Not Applicable

Item 8.           Identification and Classification of Members of the Group.

                  See Exhibit A.

Item 9.           Notice of Dissolution of Group.

                  Not Applicable



- ----------------------                                    ----------------------
CUSIP No. 811371707                   13G                    Page 9 of 11 Pages
- ----------------------                                    ----------------------


Item 10.          Certifications.

                  By signing  below I certify  that, to the best of my knowledge
and belief, the securities  referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing  the control of
the  issuer  of the  securities  and  were  not  acquired  and are  not  held in
connection  with or as a participant in any  transaction  having that purpose or
effect.





- ----------------------                                    ----------------------
CUSIP No. 811371707                   13G                    Page 10 of 11 Pages
- ----------------------                                    ----------------------


                                    SIGNATURE

          After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.



Dated:    March 13, 2006             NEWCASTLE PARTNERS, L.P.

                                     By: Newcastle Capital Management, L.P.,
                                         its general partner

                                     By: Newcastle Capital Group, L.L.C.,
                                         its general partner

                                     By: /s/ Mark E. Schwarz
                                         -----------------------------------
                                         Mark E. Schwarz, Managing Member


                                     NEWCASTLE CAPITAL MANAGEMENT, L.P.

                                     By: Newcastle Capital Group, L.L.C.,
                                         its general partner

                                     By: /s/ Mark E. Schwarz
                                         -----------------------------------
                                         Mark E. Schwarz, Managing Member


                                     NEWCASTLE CAPITAL GROUP, L.L.C.

                                     By: /s/ Mark E. Schwarz
                                         -----------------------------------
                                         Mark E. Schwarz, Managing Member


                                     /s/ Mark E. Schwarz
                                     -----------------------------------
                                     MARK E. SCHWARZ



- ----------------------                                    ----------------------
CUSIP No. 811371707                   13G                    Page 11 of 11 Pages
- ----------------------                                    ----------------------


                                    EXHIBIT A

                             JOINT FILING AGREEMENT

         The  undersigned  hereby agree that the Statement on Schedule 13G dated
March 13, 2006 with respect to the Class A Common Shares of Sea Containers  Ltd.
and any further  amendments  thereto executed by each and any of the undersigned
shall  be  filed  on  behalf  of  each  of the  undersigned  pursuant  to and in
accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange
Act of 1934, as amended.


Dated:    March 13, 2006             NEWCASTLE PARTNERS, L.P.

                                     By: Newcastle Capital Management, L.P.,
                                         its general partner

                                     By: Newcastle Capital Group, L.L.C.,
                                         its general partner

                                     By: /s/ Mark E. Schwarz
                                         -----------------------------------
                                         Mark E. Schwarz, Managing Member


                                     NEWCASTLE CAPITAL MANAGEMENT, L.P.

                                     By: Newcastle Capital Group, L.L.C.,
                                         its general partner

                                     By: /s/ Mark E. Schwarz
                                         -----------------------------------
                                         Mark E. Schwarz, Managing Member


                                     NEWCASTLE CAPITAL GROUP, L.L.C.

                                     By: /s/ Mark E. Schwarz
                                         -----------------------------------
                                         Mark E. Schwarz, Managing Member


                                     /s/ Mark E. Schwarz
                                     -----------------------------------
                                     MARK E. SCHWARZ