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Seaspan quadruples earnings on container ships

With a rapidly growing fleet, the listed owner of container ships has increased earnings significantly, shows a new interim report.

Photo: London Gateway

The world's largest owner of container ships among the so-called Non Operating Owners (NOO), New York-listed Seaspan, quadrupled its net earnings in the quarter which runs from April to June, compared to the same quarter last year.

The company, which is currently continuing its aggressive fleet growth and now controls over 118 vessels - including 23 newbuildings - achieved a net result of USD 81 million compared to about USD 20 million in the same period 2014, according to the just published interim report for the period.

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