Profile: Seaspan Corp (SSW.N)
Seaspan Corporation, incorporated on May 3, 2005, is a charter owner of containerships, which the Company charters pursuant to long-term, fixed-rate time charters agreement. The Company operates business through its operating subsidiary, Seaspan Management Services Limited. The Company holds 100% ownership of the subsidiary.
Seaspan Management Services Limited has four operating units under it namely: Seaspan Ship Management Ltd., Seaspan Crew Management Ltd, Seaspan Crew Management India Ltd and Seaspan Advisory Services Limited. The Company also holds 11% interest in a joint venture with Greater China Intermodal Investments LLC. As of February 28, 2014 the Company operated a fleet of 71 containerships including eight vessels under long-term leases and has entered into contracts for the purchase of an additional 16 new building containerships. All 16 of these new building containerships will commence operation under long-term, fixed-rate charters upon delivery.
The Company deals with various customers namely: COSCON, CSAV, CSCL Asia, HL USA, Hapag-Lloyd, K-Line, MSC, MOL, Hanjin and Yang Ming Marine.
The Company competes for charters based upon price, customer relationships, operating and technical expertise, professional reputation and size, age and condition of the vessel. Competition for providing new containerships for chartering purposes comes from a number of experienced shipping companies, including direct competition from other independent charter owners and indirect competition from state-sponsored and other major entities with their own fleets.
Unit 2, 2Nd Floor, Bupa Centre
141 Connaught Road West