Seaspan Corporation’s earnings and revenue declined in the first quarter.
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.
26 Jul 2016
Hanjin Shipping confirmed it remains in negotiations with tonnage providers for lower rates, but wouldn't say much else.
18 Sep 2015
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.
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.
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.
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.
09 Jul 2013
Seaspan Corp. has accepted delivery of the container ship MOL Efficiency, bringing the company’s operating fleet to 71 vessels.
14 Jun 2013
Seaspan has accepted delivery of the MOL Excellence, a 4,600 20-foot-equivalent unit container ship.
06 Mar 2013
Seaspan reported profit in the fourth quarter of 2012 was $58.98 million, rising $34.47 million, or 150.8 percent, from $23.52 million in the fourth quarter of 2011.
24 Jan 2013
Hong Kong-based container lessor Seaspan has signed contracts for the construction of four 10,000 20-foot-equivalent unit container ships at Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi Xinfu Shipbuilding.