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.