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Seaspan Corp

 
Hoover's Profile: Seaspan Corporation
(NYSE:SSW)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Seaspan Corporation
Unit 2, 7th floor, Bupa Center, Connaught Road West
Hong Kong
Tel. +852-2540-1686

Type: Public
On the web: http://www.seaspancorp.com

Seaspan wants its containerships to span the globe for others. The company charters its vessels on long-term contracts to liner operators that need to expand their fleets. Customers have included China Shipping Container Lines, COSCON (a unit of China COSCO Holdings), and Hapag-Lloyd. Seaspan maintains a fleet of about 30 vessels with an overall capacity of more than 145,000 twenty-foot equivalent units (TEU). The company is part of the Washington Marine Group, which in turn is an affiliate of The Washington Companies, a group of transportation- and natural resources-related businesses controlled by Dennis Washington.

Key numbers for fiscal year ending December, 2008:
Sales: $229.4M
One year growth: 15.1%
Net income: ($199.3)M

Officers:
Chairman: Kyle Washington
CEO and Director: Gerry Wang
CFO: Sai W. Chu

Competitors:
CMA CGM
Hanjin Shipping
NYK Line

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