Quarterly results and semiannual records for Seaspan Corporation



In according to trimester and the first semester of this year shipowning society Seaspan Corporation it has recorded operating revenues and profits record, increase to which has contributed the acquisition of the entire property of the Greater China Intermodal Investments (GCI)(on 14 March 2018). "As attended - the president has confirmed and managing director of Seaspan, Bing Chen - the acquisition and perfect integration of the GCI they have contributed in meaningful way to our increase. Besides the ships that in the first trimester we have acquired through the GCI - Chen has explained - we in the long term have increased our operating fleet with the taken one in delivery of four portacontainer from 10.000 teu mail rental with fixed hire to CMA CGM and in the quarter we have obtained a rate I use of the fleet pairs to 98.6%. We - he has specified Chen - continue to being optimistic about the improvement of dynamics of the field of the portacontainer".

Chen has moreover evidenced the ulterior investment in the determined Seaspan recently from the Canadian holding company Fairfax Financial Holdings Ltd., than its total investment in the company to a billion of dollars has been engaged to invest ulterior 500 million dollars elevating: "the investment of 500 million dollars of equity of the Fairfax - it has emphasized - is decisive for the Seaspan as it strengthens the share capital and it improves our access to the capital". "Rigraziamo the Fairfax - it has added the president of Seaspan, David Sokol - for the confidence regarding the Seaspan. Currently Fairfax Financial Holdings stops 22% of the common stocks of class To of the Seaspan in circulation and will in January have ulterior 38,5 million actions with the exercise of warrants 2019".

In according to trimester of the 2018 revenues and operating profit records marked from the Seaspan have turned out pairs respective to 281,7 million and 119,4 million dollars, with increments of +37.7% and +60.6% on according to trimester last year (the precedence record were recorded respective in according to trimester of 2016 and in according to trimester of 2012). The profit clearly has been attested to 68,0 million dollars (+140.5%).

Revenues and operating profit of the first semester of the 2018 have been pairs respective to 506 million and 202,2 million dollars, with increases of +24.8% and +39.4% on the first half of 2017 (the precedence semiannual peaks were established respective in the first semester of 2016 and in the second half of the year of 2015). Seaspan has closed the first six months of this year with a profit clearly of 135,7 million dollars (+98.7%).

Currently the fleet of the Seaspan is formed by 112 portacontainer for a total cargo ability pairs to beyond 900 thousand teu.