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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.
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.
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