In April, Seaspan and Mr Wang amended his employment agreement to remove transaction fees. It was also agreed the company and Mr Wang would further modify his employment agreement and overall compensation package by June 30.
"There is no assurance that Seaspan and Mr Wang will reach any agreement on his employment terms," Seapan was cited as saying in a report by American Shipper. "For now, Mr Wang's existing employment agreement, entered into in May 2016 and amended in April 2017, continues to apply."
Seaspan's managed fleet consists of 114 containerships with a combined capacity of 915,000 TEU and includes nine newbuilds scheduled for delivery at the end of 2018. The company's current operating fleet of 89 containerships has an average age of six years, according to Seaspan.
Seaspan recorded net earnings of US$40 million in the first quarter, up from $7.1 million in the same quarter last year.
"There is no assurance that Seaspan and Mr Wang will reach any agreement on his employment terms," Seapan was cited as saying in a report by American Shipper. "For now, Mr Wang's existing employment agreement, entered into in May 2016 and amended in April 2017, continues to apply."
Seaspan's managed fleet consists of 114 containerships with a combined capacity of 915,000 TEU and includes nine newbuilds scheduled for delivery at the end of 2018. The company's current operating fleet of 89 containerships has an average age of six years, according to Seaspan.
Seaspan recorded net earnings of US$40 million in the first quarter, up from $7.1 million in the same quarter last year.