Seaspan Corp. has signed an agreement with the Export-Import Bank of China for up to $1 billion in export credit facilities to support the purchase and construction of vessels from Chinese shipyards within the next three years.
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.
24 Feb 2015
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.