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Fleet Expansion Bolsters Seaspan Corporation's Earnings
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Source:secondhand containership

Hong Kong-based containership owner Seaspan Corporation has recently registered an almost 100 percent yearly rise in net earnings for the first half of this year, from US$68.3 million recorded a year ago to US$135.7 million this year.

The shipowner cited the fleet expansion as the main reason for the increase in net earnings. Specifically, it added the containership fleet of the Greater China Intermodal Investments (GCI) after taking over the latter. Besides, it received four 10,000teu containerships and all of them kicked off a long-term charter with
CMA CGM.

The company's fleet is composed of over 100 containerships whose total capacity exceeds 900,000 TEU. Its age averages 5 years.

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