Containership owner and manager Seaspan Corporation is refocusing on the second-hand market as it shies away from ordering new vessels.
The NYSE-listed firm says it intends to concentrate on strengthening its balance sheet.
According to chairman David Sokol, Seaspan’s “biggest mistake” historically had been “not managing its balance sheet to take care of opportunities”.
Following a loss of $139m in 2016, when its bottom line was hit by the Hanjin Shipping default and vessel impairments …

The post Boxship owner Seaspan looks to second-hand vessels to boost its bottom line appeared first on The Loadstar.

Source: The Loadstar