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Seaspan has faith in improved container market

2017 did not begin as well as last year for Seaspan. However, the shipowner has faith in the future and is ready to benefit from the reconstruction of the container market which is currently underway, says CEO Gerry Wang.

Photo: Mark Lennihan/AP/Polfoto/Arkiv

Seaspan, one of the world's largest owners of container tonnage, suffered a setback on revenue and earnings in the first quarter this year when compared with one year ago.

Revenue fell to USD 201 million from USD 215 million in the first quarter of 2016, while earnings declined to USD 31 million from USD 46 million, according to the report from the Canadian company.

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