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Smooth Sailing For Seaspan Profits

Seaspan

Published Jul 31, 2015 4:47 PM by The Maritime Executive

Seaspan, which is one of the largest independent charter owners and managers of box ships, has reported stronger net profit earnings of $102 million in the first half of 2015, which is 170 percent more than revenues from 2014 YTD.

Seaspan credits its increased revenues to the expansion of its fleet expansion. Seaspan took delivery of four newbuilds in the second quarter and has more in development. The company’s owned and operated fleet, with a total capacity of over 935,000 TEUs, is comprised of 118 containerships, including 29 newbuilding eco-class containerships scheduled for delivery to Seaspan by the end of 2017.