While Seaspan’s reported net earnings for Q3 2014 saw a 36.2% jump, normalised net earnings were up just 11.8% at $38.1m compared to $34.1m a year earlier.
During the third quarter Seaspan took delivery of one new vessel, the 10,000 teu MOL Bravo, increasing its fleet of containerships to 75.The company also concluded charter agreements with Maersk Line for four 10,000 teu vessels, and extended charters for five 14,000 teu vessels with Yang Ming. It also confirmed it would build and manage 15 10,000 teu ships for Yang Ming 10 plus 2 years fixed rate time charters.
"As we progress through the remainder of 2014, we are pleased to have signed all of our newbuildings to fixed-rate time charters, increasing our total committed revenue to $6.6bn. With a strong balance sheet and capital structure, we remain well positioned to further solidify our position as the largest containership supplier," said Gerry Wang ceo of Seaspan.
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