- Seaspan closes on the purchase of a fleet of six containerships.
- The company says its global fleet now approaches one million TEU.
- Seaspan’s market share is up to 7.7% of the global fleet as measured by TEU.
According to an article published in Seeking Alpha, Seaspan Corporation announced to the closing of its previously announced purchase of a fleet of six containerships (the “Acquired Vessels“).
Growth strategy through disciplined capital allocation
Bing Chen, President and Chief Executive Officer of Seaspan, commented, “With the acquisition of the six high-quality containerships and approaching 1 million TEU, Seaspan has continued executing on its growth strategy through disciplined capital allocation. Leveraging our strong balance sheet and trusted customer partnerships, we are well-positioned to grow our market-leading position to capture the increasingly attractive opportunities in the containership sector. As this acquisition demonstrates, Seaspan continues to be well regarded by our customers and financing partners as their reliable solution provider. We remain committed to execute on our top five priorities and strengthen our unique integrated platform.“
Fleet Growth
Seaspan’s global fleet now approaches one million TEU, with a total fleet size of approximately 975,000 TEU. Seaspan continues to be the market-leading independent charter owner and operator of containerships, with a market share of approximately 7.7% of the global fleet, measured by TEU.
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Source: SeekingAlpha
