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Lloyd's List Companies: Seaspan


Chaired by David Sokol and supported by Fairfax, Seaspan is the world’s largest independent containership owner and leasing firm. As of early August, the company’s operating fleet was composed of 112 ships totalling 900,000 teu with an average age of six years and remaining lease period of five years, on a teu weighted basis. It mainly operates from Canada and Hong Kong.

Recent performance


Recent performance

Seaspan assessed its Ebitda at $178.6m in the second quarter of this year, just beating the analysts’ consensus estimate of $177.9m.

The result was also up from Ebitda of $153.9m seen in the year-ago period, with a strong rebound in the chartering markets.

Revenue jumped 37.7% year on year to $281.7m, mainly driven by its acquisition of Greater China Intermodal Investments and the delivery of four 10,000 teu containerships on a long-term fixed-rate charter with CMA CGM.

The company’s fleet also achieved a 16% increase in average daily TCE rate to $29,939 in the three months based on its own assessment—the strongest level since 2016.

Latest From Seaspan

89 Bing Chen and David Sokol, Seaspan

A changing strategy by the chief executive and chairman has taken the boxship owner in a new direction

Top 100 People Asia Pacific

Seaspan’s $750m acquisition: Diversification or diversion?

Does the move to take over APR Energy signal the world’s largest containership lessor owner is diverting its capital into an industry deemed much more promising?

Containers Seaspan

Seaspan positive on charter market in 2020

Executives expect the current tailwinds to remain into 2020 because of low levels of tonnage, IMO 2020 and the scrubber installation situation, and the solid demand for inter-regional trade routes

International Seaspan

Seaspan boosted by high vessel utilisation

A larger fleet and one-off gains pushed up revenues and earnings at boxship owner

Seaspan Containers

Shortlisted Seaspan rules out Long Beach terminal purchase

The deadline set by Washington for OOIL to complete the sale of the Long Beach terminal is April 8, and valuations are said to be a little below $2bn

United States Containers

Seaspan reports record results

Company credits higher utilisation rates and acquisition of Greater China Intermodal’s 18-vessel fleet

International United States
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