Seaspan’s Unencumbered Vessel Pool Increased to 32 Ships

containershipImage courtesy: Unsplash/Cameron Venti

Hong Kong-based charter owner and containership operator Seaspan Corporation informed that it had prepaid a credit facility which was secured by eight of its vessels.

Upon completion of the collateral release documentation in respect of this facility and the facility prepaid in November 2018, Seaspan’s pool of unencumbered vessels has been expanded to 32 ships.

“In line with our corporate goals, Seaspan continues to reduce leverage and streamline its capital structure, which will enhance our balance sheet flexibility going forward,” Ryan Courson, Chief Financial Officer of Seaspan, commented.

The unencumbered asset pool includes fourteen 4,250 TEU ships, ten 2,500 TEU ships, two 3,500 TEU, two 8,500 TEU, two 9,600 TEU and two 10,000 TEU boxships.

The announcement is being made on the heels of Fairfax’s closure of the second tranche of its USD 1 billion investment in Seaspan.

With the closing of the second investment, Fairfax’s aggregate shareholdings in Seaspan are 76.9 million Class A common shares or 36% of shares outstanding.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >