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Seaspan acquires Chinese investment company with 18 vessels

The world's largest independent owner of container ships, Seaspan, has acquired a Chinese investment company with a fleet of 18 vessels. The acquisition will contribute to revenue and secure "sustained growth", according to the CEO.

Photo: /ritzau/Marius Nyheim

Canadian Seaspan is acquiring maritime investment company Greater China Intermodal Investments (GCI), which has a fleet of 18 vessels including two newbuilds.

The world's largest independent shipowner that does not operate the vessels itself has acquired the remaining 89 percent of shares from subsidiaries of the Carlyle Group and other minority owners of GCI. The former shareholders will receive a total of USD 330 million in cash as well as an issuance of USD 50 million in Seaspan Series D shares.

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