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July 16, 2014
09:02 EDTSSWSeaspan accepts delivery of fourth 10000 TEU SAVER containership
Seaspan announced that it accepted delivery of a 10000 TEU containership, the MOL Bravo. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding using Seaspan's fuel-efficient SAVER design, is Seaspan's fourth of five 10000 TEU SAVER design containerships scheduled for delivery in 2014. The MOL Bravo will commence an eight-year, fixed-rate time charter with Mitsui O.S.K. Lines. The ship is the first of a total of five 10000 TEU SAVER design vessels, and the seventh of a total of eleven vessels, to be chartered by Seaspan to MOL. The delivery of the MOL Bravo expands the company's operating fleet to 75 vessels.
News For SSW From The Last 14 Days
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July 28, 2014
17:59 EDTSSWSeaspan reports Q2 non-GAAP EPS 19c, consensus 21c
Reports Q2 revenue $173.87M, consensus $175.13M.
July 21, 2014
10:02 EDTSSWOn The Fly: Analyst Upgrade Summary
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05:46 EDTSSWSeaspan upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Seaspan to Outperform citing a compelling risk/reward profile given the 6% dividend yield. The firm raised its price target for shares to $26-$28 from $19-$20.
July 16, 2014
09:02 EDTSSWSeaspan accepts delivery of fourth 10000 TEU SAVER containership
Seaspan announced that it accepted delivery of a 10000 TEU containership, the MOL Bravo. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding using Seaspan's fuel-efficient SAVER design, is Seaspan's fourth of five 10000 TEU SAVER design containerships scheduled for delivery in 2014. The MOL Bravo will commence an eight-year, fixed-rate time charter with Mitsui O.S.K. Lines. The ship is the first of a total of five 10000 TEU SAVER design vessels, and the seventh of a total of eleven vessels, to be chartered by Seaspan to MOL. The delivery of the MOL Bravo expands the company's operating fleet to 75 vessels.

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