Seaspan
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Seaspan - overview
Established
2000
Location
Vancouver, -, Canada
Primary Industry
Logistics & Distribution
About
Seaspan Corporation is a prominent independent charter owner and operator of containerships, specializing in long-term lease agreements and ship management services for global shipping companies. Founded in 2000 and headquartered in Vancouver, Canada, Seaspan Corporation operates as a charter owner and operator of containerships. The company has executed 2 notable deals and recently completed a Buyout funding round totaling USD 900. 00 mn, attracting investments from Carlyle Group and Tiger Group.
The leadership team includes CEOs Ayaz Naseer and Bing Chen, who guide the firm through various maritime operational strategies. Seaspan Corporation is the world’s largest independent charter owner and operator of containerships, offering long-term leases on a modern fleet of technologically advanced vessels. Their core offerings include ship management services that combine fleet life-cycle management expertise with operational excellence, ensuring safe, reliable, and economical maritime shipping solutions. Seaspan serves clients across geographical markets, including Asia, Europe, and North America, with shore-based teams in key locations like Copenhagen, Shanghai, and Vancouver.
The firm focuses on innovation through partnerships that promote sustainability and efficiency within the shipping industry. In the most recent year, 2017, Seaspan reported revenue of USD 831. 32 mn and an EBITDA of USD 514. 96 mn.
The company generates revenue through long-term charter agreements with major shipping companies, structured around fixed leasing terms that provide predictable cash flow. Clients lease vessels for periods typically ranging from several years to over a decade, aligning with their logistical needs while minimizing operational risks. Seaspan Corporation is actively exploring new products and services to enhance its operational offerings. Although specific new product release dates have not been disclosed, the company aims to expand into additional markets beyond its current operational regions.
The recent Buyout funding round will support these initiatives and potentially facilitate growth into new geographic areas, though specific regions and timelines have not been provided. Carlyle Group and Tiger Group have exited their stake in Seaspan Corporation, with financial terms of the transaction not disclosed.
Primary Industry
Logistics & Distribution
Sub Industries
Freight Transportation Services
Website
www.seaspancorp.com
Total Amount Raised
Subscriber access only
Seaspan - financials
| Fiscal Year Ended | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 199,235,000 | 229,405,000 | 285,594,000 | 407,211,000 | 564,730,000 | 660,794,000 | 677,090,000 | 717,170,000 | - | - | - |
| % Revenue Growth (YoY) | - | 15.1% | 24.5% | 42.6% | 38.7% | 17.0% | 2.5% | 5.9% | - | - | - |
| EBITDA (USD) | 148,311,000 | 167,919,000 | 199,506,000 | 292,807,000 | 401,767,000 | 512,724,000 | 497,291,000 | 521,409,000 | - | - | - |
| Operating Income (USD) | 96,893,000 | 108,646,000 | 127,468,000 | 189,848,000 | 257,992,000 | 338,609,000 | 315,355,000 | 329,540,000 | - | - | - |
| Operating Margin | 48.6% | 47.4% | 44.6% | 46.6% | 45.7% | 51.2% | 46.6% | 46.0% | - | - | - |
| % EBITDA Margin | 74.4% | 73.2% | 69.9% | 71.9% | 71.1% | 77.6% | 73.4% | 72.7% | - | - | - |
| NET Income (USD) | (10,408,000) | (199,346,000) | 145,252,000 | (87,747,000) | (83,400,000) | 121,305,000 | 299,028,000 | 131,247,000 | - | - | - |
| % Net Margin | (5.2%) | (86.9%) | 50.9% | (21.5%) | (14.8%) | 18.4% | 44.2% | 18.3% | - | - | - |
Seaspan - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Greater China Intermodal Investments LLC | - | ||||||||
| Buyout | Completed | Seaspan | - | ||||||||
| Buyout | Completed | Greater China Intermodal Investments LLC | - | ||||||||
| Unspecified Exit | Completed | Seaspan | - |
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Seaspan - employee data
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