German banks’ toxic shipping loans are a matter of concern ahead of the European Central Bank’s stress tests, the International Monetary Fund warned.
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.
12 May 2014
In an interview with JOC’s Greg Knowler, Seaspan CEO and co-chairman Gerry Wang discusses changing container carrier priorities, mega-ships and why the shipowner welcomes downturns.
31 Dec 2013
Seaspan has entered into an agreement to extend and refinance its $1.0 billion credit facility.
31 Oct 2013
Seaspan reported its net income in the third quarter of 2013 was $48.0 million, spiking 169.7 percent year-over-year from $17.8 million.
11 Oct 2013
Seaspan canceled plans it had announced on Oct. 7 to sell additional common stock and convertible notes.
10 Sep 2013
The recent surge in orders for mega-ships risks delaying the recovery in liner shipping beyond 2015, according to industry analyst Alphaliner.
30 Jul 2013
Seaspan reported its net profit in the second quarter of 2013 was $127.2 million, compared with a net loss of $6.7 million in the second quarter of 2012.