Seaspan, the world’s largest non-operating containership owner, has announced its first significant investment outside the sector, suggesting it intends to diversify its business model.
The New York-listed lessor, with an operating fleet of 112 ships, said it planned to invest up to $200m in the restructured Singapore-based oilfield services group, Swiber Holdings.
Seaspan has a war chest of $1bn via investment from Fairfax Financial Holdings, now a 22% shareholder.
It had been assumed that …
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Source: The Loadstar