Seaspan Corporation confirmation the intention to order a series of portacontainer from 10.000 teu



The shipowning society Seaspan Corporation, that it has a fleet of 59 portacontainer in exercise and others 10 in delivery within March 2012, has closed the first three months of 2011 with a profit clearly of 50,5 million dollars on revenues per121,0 million dollars respect to a net loss of 36,6 million dollars on revenues for 80,4 million dollars in the first trimester last year. The operating profit has been of 57,3 million dollars (+60.4%).

Gerry Wang, that he is managing director, co-chairperson and cofondatore of the society, has found that in the first trimester of this year "Seaspan he has continued to expand own fleet mails under ongoing chartering, to increase the revenues, the profits and cash flow. Besides these positive results - it has added - we have assumed important initiatives in order to put able the company to grow beyond its fleet under contract to the aim to draw profit from the favorable moment for the acquisition of ships. Specifically, we have re-entered in the market of the new constructions having agreed a letter of attempts with a primary Chinese ship yard and - it has added referring to the recent understanding with the Carlyle group ( on March 14, 2011 - we have concluded an agreement in order to define that which we preview will be a favorable initiative of investment in the portacontainer".

In the past weeks some indiscretions gave for imminent the subscription by Seaspan of a contract for the construction of a great series of portacontainer (ten units from 10.000 or 14.000 teu with option for as many ships). The yards addressees of the store clerk would have had to be South Korean (mainly STX Offshore & Shipbuilding) or Chineses. Communicating the financial results of the first trimester of the 2011 Seaspan it has announced that last February a letter of attempts with a Chinese ship yard - has explained the company - "for an important order of ships has signed New Panamax from 10.000 teu. Seaspan - it has specified the shipowning society - previews that any order deriving from this letter of attempts is put on of the New Lucks (with the Carlyle group, ndr) and that any ship ordered in this within will be subject to the right of first refusal of Seaspan. In coherence with own strategy, Seaspan previews in the long term to stipulate contracts of chartering with primary companies of line in concomitanza with the attainment of a definitive agreement of purchase".