Seaspan, the large Canadian marine conglomerate, announced this week that its Vancouver Drydock division recently completed a project on the innovative ice-classed passenger liner SILVER EXPLORER. The Bahamian-flagged SILVER EXPLORER is a 354’ expedition cruise ship that carries 144 passengers and 118 crew. She’s been classed Lloyds since delivery in 1989 and is … [Read more...]
Seaspan Diversifies as it Steps In to Take Control and Save Swiber
By Mike Wackett (The Loadstar) - Seaspan, the world’s largest non-operating containership owner, has announced its first significant investment outside the sector, suggesting it intends to diversify its business model. The New York-listed lessor, with an operating fleet of 112 ships, said it planned to invest up to $200m in the restructured Singapore-based oilfield services … [Read more...]
Fairfax Commits to New $500 Million Investment in Containership Owner Seaspan
By Scott Deveau (Bloomberg) -- Fairfax Financial Holdings Ltd., the investment firm run by Prem Watsa, is preparing to increase its investment in Seaspan Corp. by $500 million to help fund the containership owner’s takeover ambitions. Fairfax plans to exercise warrants to buy 77 million shares in the Hong Kong-based company at $6.50 per share in two phases starting this … [Read more...]
Seaspan Grows ‘Eco’ Containership Fleet with Acquisition Greater China Intermodal Investments
Independent containership owner and operator Season Corporation has announced its acquisition of the remaining shares Greater China Intermodal Investments, which will significantly increase the company's earnings per share, Seaspan announced Tuesday. Under the deal, Season is acquiring the remaining 89% of GCI that it does not already own from affiliates of The Carlyle … [Read more...]
Seaspan trusts MacGregor for a series of container stowage system upgrades to improve fleet efficiency
Seaspan Corporation, world's leading independent owner, operator and manager of containerships, has placed an order with MacGregor for cargo system update of its eleven 10,000 TEU container vessels. Seven of the ships were returned to Seaspan from the bankrupt South Korean container carrier Hanjin Shipping and four of the ships are in final stage at the shipyard. The work … [Read more...]