Seaspan reported net earnings of $123.2m in the first nine months of 2015, up from $103.4m in the same period a year earlier. Revenues were up 13.8% at $600.6m for the first three quarters of the year, against $527.7m in the corresponding period a year earlier.
This year has seen the continued growth of the company’s owned and managed fleet to pass the 100 mark.
Jerry Wang, ceo, co-chairman and co-founder of Seaspan commented: “We continue to grow our fleet and have taken delivery of eight vessels year-to-date in 2015, all commencing operation under attractive fixed rate contracts. We are proud to have recently taken delivery of our 100th vessel in our owned and managed fleet, achieving an important milestone and solidifying Seaspan's position as the largest independent charter owner and manager of containerships."
The company expects to continue growing its owned fleet which currently consists of 84 vessels in operation.
"Consistent with our focus on maintaining significant financial flexibility and access to attractive growth capital, we signed a Framework Cooperation Agreement with the Export-Import Bank of China for a total of up to $1bn in export credit facilities. With a strong and flexible capital structure, we believe we remain well positioned to continue to seek opportunities to implement our disciplined growth strategy and further increase our contracted revenue stream, which currently exceeds over $6bn,” Wang added.
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