Seaspan Corp (NYSE-SSW) April 17, 2015 BUY av $19.15
Seaspan Corporation is independent charter owner and container manager. The company mainly chartered under time charters long-term rates with several companies of fixed-line containers. On February 28, 2015 the Company operated a fleet of 77 container ships and had contracts for the purchase of 13 other vessels newly built containerships, which are scheduled delivery dates through October 2016. Customers of the company include mainly COSCON, CSCL Asia, HL USA, Hanjin, Hapag-Lloyd, K-Line, MSC, MOL, Norasia, OOCL, Maersk and Yang Ming Marine. Four 4,800 TEU Company are chartered by MSC under bareboat charters, which are contracts for the operation of a vessel for a fixed period of time to a specified amount. The company also provides ship management staff limited to Dennis R. Washington companies owning ships and ship management services and construction supervision of the GCI.