Seaspan’s net profit for 2014 fell 56 percent year-over-year to $131.2 million, although the container ship owner reported that its “normalised net earnings” grew by 14.6 percent to $139.1 once the results were adjusted to account for items it did not consider representative of its operating performance.
Seaspan is an owner and manager of container ships that offers long-term leases on container ships as well as ship management. Seaspan's managed fleet of its own and third-party vessels comprises 89 vessels with a total capacity of over 600,000 TEUs, including 16 new container ships on order and scheduled for delivery by the end of 2015.
16 Sep 2014
Container ship owner-charterer Seaspan Corp. is considering an acquisition of Greater China Intermodal Investments, the Carlyle Group investment vehicle with which Seaspan partnered in 2011 to purchase new ships.
23 Jul 2014
German banks’ toxic shipping loans are a matter of concern ahead of the European Central Bank’s stress tests, the International Monetary Fund warned.