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Seaspan to increase its pool of unencumbered assets to 37 vessels

HONG KONG's Seaspan Corporation has announced that it has partially prepaid two credit facilities

Seaspan to increase its pool of unencumbered assets to 37 vessels

HONG KONG's Seaspan Corporation has announced that it has partially prepaid two credit facilities

31 March 2019 - 19:00

HONG KONG's Seaspan Corporation has announced that it has partially prepaid two credit facilities. Upon completion of all collateral release documentation, this will expand Seaspan's pool of unencumbered vessels to 371, from 32 as reported January 16.

'We continue to execute on our near-term capital strategy to strengthen our balance sheet by deleveraging, increasing our unencumbered fleet, and consolidating our secured credit facilities,' said chief financial officer Ryan Courson.



New York-listed Seaspan is a leading independent charter owner and operator of containerships with industry leading ship management services.



Seaspan's operating fleet consists of 112 containerships with a total capacity of more than 900,000 TEU, an average age of six years and an average remaining lease period of four years, on a TEU-weighted basis.


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