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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry
vs
history
Cash-to-Debt 0.09
SSW's Cash-to-Debt is ranked lower than
75% of the 806 Companies
in the Global Shipping & Ports industry.

( Industry Median: 0.34 vs. SSW: 0.09 )
Ranked among companies with meaningful Cash-to-Debt only.
SSW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0  Med: 0.11 Max: No Debt
Current: 0.09
Equity-to-Asset 0.32
SSW's Equity-to-Asset is ranked lower than
76% of the 807 Companies
in the Global Shipping & Ports industry.

( Industry Median: 0.45 vs. SSW: 0.32 )
Ranked among companies with meaningful Equity-to-Asset only.
SSW' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.02  Med: 0.28 Max: 0.81
Current: 0.32
-0.02
0.81
Piotroski F-Score: 5
Altman Z-Score: 0.03
Beneish M-Score: -3.11
WACC vs ROIC
3.75%
-0.15%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % -0.82
SSW's Operating Margin % is ranked lower than
76% of the 801 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.72 vs. SSW: -0.82 )
Ranked among companies with meaningful Operating Margin % only.
SSW' s Operating Margin % Range Over the Past 10 Years
Min: -0.82  Med: 46.12 Max: 51.24
Current: -0.82
-0.82
51.24
Net Margin % -12.29
SSW's Net Margin % is ranked lower than
87% of the 809 Companies
in the Global Shipping & Ports industry.

( Industry Median: 3.66 vs. SSW: -12.29 )
Ranked among companies with meaningful Net Margin % only.
SSW' s Net Margin % Range Over the Past 10 Years
Min: -86.9  Med: 6.54 Max: 50.86
Current: -12.29
-86.9
50.86
ROE % -9.40
SSW's ROE % is ranked lower than
85% of the 798 Companies
in the Global Shipping & Ports industry.

( Industry Median: 6.25 vs. SSW: -9.40 )
Ranked among companies with meaningful ROE % only.
SSW' s ROE % Range Over the Past 10 Years
Min: -24.78  Med: 1.54 Max: 16.09
Current: -9.4
-24.78
16.09
ROA % -1.81
SSW's ROA % is ranked lower than
80% of the 818 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.77 vs. SSW: -1.81 )
Ranked among companies with meaningful ROA % only.
SSW' s ROA % Range Over the Past 10 Years
Min: -6.79  Med: 0.83 Max: 5.16
Current: -1.81
-6.79
5.16
ROC (Joel Greenblatt) % 0.24
SSW's ROC (Joel Greenblatt) % is ranked lower than
80% of the 803 Companies
in the Global Shipping & Ports industry.

( Industry Median: 9.14 vs. SSW: 0.24 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
SSW' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.53  Med: 4.26 Max: 7.3
Current: 0.24
-1.53
7.3
3-Year Revenue Growth Rate 3.40
SSW's 3-Year Revenue Growth Rate is ranked higher than
58% of the 689 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.60 vs. SSW: 3.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
SSW' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 8.9 Max: 55.2
Current: 3.4
0
55.2
3-Year EBITDA Growth Rate -31.90
SSW's 3-Year EBITDA Growth Rate is ranked lower than
94% of the 590 Companies
in the Global Shipping & Ports industry.

( Industry Median: 6.00 vs. SSW: -31.90 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
SSW' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 7 Max: 111
Current: -31.9
0
111
GuruFocus has detected 2 Warning Signs with Seaspan Corp $SSW.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» SSW's 30-Y Financials

Financials (Next Earnings Date: 2017-07-26 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

SSW Guru Trades in Q2 2016

Murray Stahl 29,562 sh (New)
Jim Simons 1,102,900 sh (-6.53%)
» More
Q3 2016

SSW Guru Trades in Q3 2016

Jim Simons 1,180,600 sh (+7.05%)
Murray Stahl 29,929 sh (+1.24%)
» More
Q4 2016

SSW Guru Trades in Q4 2016

Murray Stahl 47,207 sh (+57.73%)
Jim Simons 1,253,000 sh (+6.13%)
» More
Q1 2017

SSW Guru Trades in Q1 2017

Murray Stahl 62,185 sh (+31.73%)
Jim Simons 179,900 sh (-85.64%)
» More
» Details

Insider Trades

Latest Guru Trades with SSW

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Preferred stocks of Seaspan Corp

SymbolPriceYieldDescription
SSWPRD21.509.247.95% Cum Red Pfd Shs Series -D-
SSWpC/CL25.379.36
SSWPRE22.099.348 1/4 % Cum Red Pfd Shs Series -E-
SSWPRG21.368.37G
SSWPRH20.746.83H

Business Description

Industry: Transportation & Logistics » Shipping & Ports    NAICS: 483111    SIC: 4412
Compare:OTCPK:CHDGF, NYSE:HMLP, NYSE:INSW, OTCPK:BWLLY, NYSE:NAT, NYSE:STNG, NAS:SBLK, NAS:GOGL, NYSE:DLNG, OTCPK:PCFBF, NYSE:TOO, NYSE:KNOP, OTCPK:FLXNF, NYSE:SALT, NYSE:LPG, OTCPK:SSLYF, NYSE:NVGS, NYSE:GNRT, NYSE:DHT, NAS:CPLP » details
Traded in other countries:S8V.Germany,
Headquarter Location:Hong Kong
Seaspan Corp is an independent charter owner and manager of containerships. It operates a fleet of approximately 85 containerships.

Based in the Marshall Islands, Seaspan owns and operates a fleet of containerships that are employed under long-term fixed-rate contracts. Since going public in 2005, the company has expanded its fleet to approximately 55 vessels, with 14 additional vessels scheduled for delivery through 2012. Seaspan charters its fleet to some of the largest container-shipping companies in the world.

Top Ranked Articles about Seaspan Corp

Seaspan Stock to Trend Higher Over Long Term The company has strong backlog and growth from new vessel deliveries
The past year has been negative for Seaspan Corporation (NYSE:SSW) with some unfavourable business developments coupled with the stock declining by 41%. With Seaspan operating as an independent owner and operator of containerships, sustained sluggish growth in China and other emerging economies has impacted the company growth. Further, the news of Hanjin Shipping declaring bankruptcy also impacted the stock. Long-term charter for four vessels was cancelled as a result of the bankruptcy. Read more...
Seaspan Announces Pricing of $100 Million Public Offering of 8.2% Series G Cumulative Redeemable Perpetual Preferred Shares

HONG KONG, CHINA--(Marketwired - Jun 9, 2016) - Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today that it has priced its previously announced $100 million public offering of its 8.2% Series G Cumulative Redeemable Perpetual Preferred Shares (the "Series G Preferred Shares") at $25 per share. Seaspan has granted the underwriters of the offering a 30-day option to purchase up to an additional $15 million of Series G Preferred Shares on the same terms and conditions. The offering is expected to close on June 16, 2016. Seaspan intends to use the net proceeds of the offering for general corporate purposes, which may include funding acquisitions, funding capital expenditures on existing newbuild vessels and debt repayments. Following the offering, Seaspan intends to file an application to list the Series G Preferred Shares on The New York Stock Exchange. RBC Capital Markets, J.P. Morgan, Stifel and Incapital are acting as joint book-running managers for the offering. BB&T Capital Markets, Janney Montgomery Scott, Ladenburg Thalmann, Wunderlich, FBR, and Maxim Group LLC, are acting as co-managers for the offering. Copies of the prospectus supplement and accompanying base prospectus related to the offering may be obtained from RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, or telephone: 1 (866) 375-6829, or email: [email protected]; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or telephone: 1-866-803-9204; Stifel at One South Street, 15th Floor, Baltimore, MD 21202, Attn: Syndicate Department, or telephone: 1-855-300-7136, or e-mail: [email protected]; or Incapital LLC, Attention: DCM Prospectus Department, 200 S. Wacker Drive, Suite 3700, Chicago, Illinois 60606, or telephone: 1 (800) 327-1546, or email: [email protected]. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The public offering may be made only by means of a prospectus supplement and accompanying base prospectus. About Seaspan Seaspan provides many of the world's major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services. Seaspan's managed fleet consists of 118 containerships representing a total capacity of over 935,000 TEU, including 14 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017. Seaspan's current operating fleet of 89 vessels has an average age of approximately six years and average remaining lease period of approximately six years, on a TEU weighted basis. Seaspan has the following securities listed on The New York Stock Exchange:


Symbol:
Description:






SSW
Class A common shares


SSW PR C
Series C preferred shares


SSW PR D
Series D preferred shares


SSW PR E
Series E preferred shares


SSWN
6.375% senior unsecured notes due 2019



Forward-Looking Statements The statements in this press release that are not historical facts may be forward-looking statements, including statements about Seaspan's public offering and the use of proceeds thereof. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. These risks and uncertainties include, among others, failure to close the public offering and those discussed in Seaspan's public filings with the U.S. Securities and Exchange Commission. Seaspan undertakes no obligation to revise or update any forward-looking statements unless required to do so under the securities laws.





For Investor Relations Inquiries:
Mr. David Spivak
Chief Financial Officer
Seaspan Corporation
604-638-2580
Mr. Michael Sieffert
Associate Director, Corporate Finance
Seaspan Corporation
778-328-6490
For Media Inquiries:
Mr. Leon Berman
The IGB Group
212-477-8438




Read more...
Seaspan Announces Public Offering of Series G Cumulative Redeemable Perpetual Preferred Shares

HONG KONG, CHINA--(Marketwired - Jun 9, 2016) - Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today that it plans to offer shares of its Series G Cumulative Redeemable Perpetual Preferred Shares (the "Series G Preferred Shares") in a registered public offering pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. Seaspan intends to use the net proceeds of the offering for general corporate purposes, which may include funding acquisitions, funding capital expenditures on existing newbuild vessels and debt repayments. Following the offering, Seaspan intends to file an application to list the Series G Preferred Shares on The New York Stock Exchange. RBC Capital Markets, J.P. Morgan, Stifel and Incapital will act as joint book-running managers for the offering. BB&T Capital Markets, Janney Montgomery Scott, Ladenburg Thalmann, Wunderlich, FBR, and Maxim Group LLC will act as co-managers for the offering. When available, copies of the prospectus supplement and accompanying base prospectus related to the offering may be obtained from RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, or telephone: 1 (866) 375-6829, or email: [email protected]; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or telephone: 1-866-803-9204; Stifel at One South Street, 15th Floor, Baltimore, MD 21202, Attn: Syndicate Department, or telephone: 1-855-300-7136, or e-mail: [email protected]; or Incapital LLC, Attention: DCM Prospectus Department, 200 S. Wacker Drive, Suite 3700, Chicago, Illinois 60606, or telephone: 1 (800) 327-1546, or email: [email protected]. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The public offering may be made only by means of a prospectus supplement and accompanying base prospectus. About Seaspan Seaspan provides many of the world's major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services. Seaspan's managed fleet consists of 118 containerships representing a total capacity of over 935,000 TEU, including 14 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017. Seaspan's current operating fleet of 89 vessels has an average age of approximately six years and average remaining lease period of approximately six years, on a TEU weighted basis. Seaspan has the following securities listed on The New York Stock Exchange:


Symbol:
Description:






SSW
Class A common shares


SSW PR C
Series C preferred shares


SSW PR D
Series D preferred shares


SSW PR E
Series E preferred shares


SSWN
6.375% senior unsecured notes due 2019



Forward- Looking Statements The statements in this press release that are not historical facts may be forward-looking statements, including statements about Seaspan's public offering and the use of proceeds thereof. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. These risks and uncertainties include, among others, failure to close the public offering and those discussed in Seaspan's public filings with the U.S. Securities and Exchange Commission. Seaspan undertakes no obligation to revise or update any forward-looking statements unless required to do so under the securities laws.





For Investor Relations Inquiries:
Seaspan Corporation
Mr. David Spivak
Chief Financial Officer
604-638-2580
Seaspan Corporation
Mr. Michael Sieffert
Associate Director, Corporate Finance
778-328-6490
For Media Inquiries:
The IGB Group
Mr. Leon Berman
212-477-8438




Read more...
Seaspan Announces Redemption of Remaining Series C Preferred Shares

HONG KONG, CHINA--(Marketwired - Jun 3, 2016) - Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today that it will exercise its right to redeem 4,321,774 shares of its 9.50% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") on June 20, 2016 (the "Redemption Date"). The Series C Preferred Shares will be redeemed at the cash redemption price of $25.00 per share, plus an amount equal to all accumulated and unpaid dividends for the period from and including April 30, 2016 to, but excluding, the Redemption Date. The 4,321,774 Series C Preferred Shares to be redeemed are in addition to the previously announced redemptions of 5,600,000 Series C Preferred Shares to occur on June 7, 2016 and 3,400,000 Series C Preferred Shares to occur on June 13, 2016. Altogether, these redemptions totalling 13,321,774 shares represent all of the issued and outstanding Series C Preferred Shares. Dividends on the Series C Preferred Shares to be redeemed will cease to accrue on the Redemption Date. Upon redemption, the redeemed Series C Preferred Shares will no longer be outstanding, and all rights of the holders of such shares will terminate, except the right of the holders to receive the cash payable upon such redemption, without interest. About Seaspan Seaspan provides many of the world's major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services. Seaspan's managed fleet consists of 118 containerships representing a total capacity of over 935,000 TEU, including 14 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017. Seaspan's current operating fleet of 89 vessels has an average age of approximately six years and average remaining lease period of approximately six years, on a TEU weighted basis. Seaspan has the following securities listed on The New York Stock Exchange:


Symbol:
Description:






SSW
Class A common shares


SSW PR C
Series C preferred shares


SSW PR D
Series D preferred shares


SSW PR E
Series E preferred shares


SSWN
6.375% senior unsecured notes due 2019



Forward-Looking Statements The statements in this press release that are not historical facts may be forward-looking statements, including statements about Seaspan's redemption of Series C Preferred Shares. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. These risks and uncertainties include, among others, those risks and uncertainties discussed in Seaspan's public filings with the U.S. Securities and Exchange Commission. Seaspan undertakes no obligation to revise or update any forward-looking statements unless required to do so under the securities laws.





Seaspan Corporation - Investor Relations Inquiries:
Mr. David Spivak
Chief Financial Officer
604-638-2580
Seaspan Corporation
Mr. Michael Sieffert
Associate Director, Corporate Finance
778-328-6490
The IGB Group - Media Inquiries:
Mr. Leon Berman
212-477-8438




Read more...
Seaspan Announces Closing of $100 Million Class A Common Share Offerings

HONG KONG, CHINA--(Marketwired - May 27, 2016) - Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today that in connection with the previously announced public offering of its Class A common shares (the "Common Shares"), the underwriters have exercised their option to purchase an additional 750,000 Common Shares. The public offering of a total of 5,750,000 Common Shares, as well as the concurrent private sale of 1,020,408 Common Shares to Seaspan's chief executive officer and affiliates of one of Seaspan's directors and of Dennis Washington, will close today for total gross proceeds of approximately $100 million. Seaspan will use approximately $85 million of the net proceeds from the Common Share offerings to redeem a portion of its outstanding 9.50% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares"), and will use the remainder for general corporate purposes. This redemption of Series C Preferred Shares is in addition to the previously announced redemption of 5,600,000 Series C Preferred Shares for $140 million. Wells Fargo Securities, Morgan Stanley, UBS Investment Bank, Credit Suisse, J.P. Morgan and Stifel acted as joint book-running managers for the public offering. RBC Capital Markets, BB&T, Janney Montgomery Scott, Ladenburg Thalmann, ABN AMRO, BNP PARIBAS, and Santander acted as co-managers for the offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The public offering may be made only by means of a prospectus supplement and accompanying base prospectus. About Seaspan Seaspan provides many of the world's major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services. Seaspan's managed fleet consists of 118 containerships representing a total capacity of over 935,000 TEU, including 14 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017. Seaspan's current operating fleet of 89 vessels has an average age of approximately six years and average remaining lease period of approximately six years, on a TEU weighted basis. Seaspan has the following securities listed on The New York Stock Exchange:






Symbol:
Description:






SSW
Class A common shares


SSW PR C
Series C preferred shares


SSW PR D
Series D preferred shares


SSW PR E
Series E preferred shares


SSWN
6.375% senior unsecured notes due 2019







Forward-Looking Statements The statements in this press release that are not historical facts may be forward-looking statements, including statements about the closing of Seaspan's public offering and concurrent private sale, and the use of proceeds thereof. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. These risks and uncertainties include, among others, those discussed in Seaspan's public filings with the U.S. Securities and Exchange Commission. Seaspan undertakes no obligation to revise or update any forward-looking statements unless required to do so under the securities laws.





Investor Relations Inquiries
Mr. David Spivak
Chief Financial Officer
Seaspan Corporation
604-638-2580
Mr. Michael Sieffert
Associate Director, Corporate Finance
Seaspan Corporation
778-328-6490
For Media Inquiries:
Mr. Leon Berman
The IGB Group
212-477-8438




Read more...
Seaspan Accepts Delivery of Eighth 14000 TEU SAVER Containership

HONG KONG, CHINA--(Marketwired - May 27, 2016) - Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 14000 TEU containership, the YM Width. The new containership, which was constructed at CSBC Corporation, Taiwan ("CSBC") is Seaspan's eighth 14000 TEU SAVER design containership and fourth delivery in 2016. This is the second 14000 TEU vessel using Seaspan's fuel-efficient SAVER design constructed at CSBC. The YM Width will commence a ten-year, fixed-rate time charter with Yang Ming Marine Transport Corp. ("Yang Ming"). Yang Ming may extend the charter for up to an additional two years. The ship is the eighth of a total of nine 14000 TEU SAVER design vessels to be chartered to Seaspan by Yang Ming. The delivery of the YM Width expands the Company's operating fleet to 89 vessels. About Seaspan Seaspan provides many of the world's major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services. Seaspan's managed fleet consists of 118 containerships representing a total capacity of over 935,000 TEU, including 14 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017. Seaspan's current operating fleet of 89 vessels has an average age of approximately six years and average remaining lease period of approximately six years, on a TEU weighted basis. Seaspan has the following securities listed on The New York Stock Exchange:


Symbol:

Description:









SSW

Class A common shares



SSW PR C

Series C preferred shares



SSW PR D

Series D preferred shares



SSW PR E

Series E preferred shares



SSWN

6.375% senior unsecured notes due 2019




Forward-Looking Statements The statements in this press release that are not historical facts may be forward-looking statements, including statements about future vessel deliveries. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. These risks and uncertainties include, among others, those discussed in Seaspan's public filings with the U.S. Securities and Exchange Commission. Seaspan undertakes no obligation to revise or update any forward-looking statements unless required to do so under the securities laws.





For Investor Relations Inquiries:
Mr. David Spivak
Chief Financial Officer
Seaspan Corporation
604-638-2580
Mr. Michael Sieffert
Associate Director, Corporate Finance
Seaspan Corporation
778-328-6490
For Media Inquiries:
The IGB Group
Mr. Leon Berman
212-477-8438




Read more...
Seaspan Announces Additional Partial Redemption of Series C Preferred Shares

HONG KONG, CHINA--(Marketwired - May 27, 2016) - Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today that it will exercise its right to redeem 3,400,000 shares of its 9.50% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") on June 13, 2016 (the "Redemption Date"). The Series C Preferred Shares will be redeemed at the cash redemption price of $25.00 per share, plus an amount equal to all accumulated and unpaid dividends for the period from and including April 30, 2016 to, but excluding, the Redemption Date. The 3,400,000 Series C Preferred Shares to be redeemed are in addition to the previously announced redemption of 5,600,000 Series C Preferred Shares, which is scheduled to occur on June 7, 2016. Together, these redemptions represent approximately 68% of the currently 13,321,774 outstanding Series C Preferred Shares. Dividends on the Series C Preferred Shares to be redeemed will cease to accrue on the Redemption Date. Upon redemption, the redeemed Series C Preferred Shares will no longer be outstanding, and all rights of the holders of such shares will terminate, except the right of the holders to receive the cash payable upon such redemption, without interest. About Seaspan Seaspan provides many of the world's major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services. Seaspan's managed fleet consists of 118 containerships representing a total capacity of over 935,000 TEU, including 14 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017. Seaspan's current operating fleet of 89 vessels has an average age of approximately six years and average remaining lease period of approximately six years, on a TEU weighted basis. Seaspan has the following securities listed on The New York Stock Exchange:







Symbol:

Description:







SSW

Class A common shares


SSW PR C

Series C preferred shares


SSW PR D

Series D preferred shares


SSW PR E

Series E preferred shares


SSWN

6.375% senior unsecured notes due 2019



Forward-Looking Statements The statements in this press release that are not historical facts may be forward-looking statements, including statements about Seaspan's redemption of Series C Preferred Shares. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. These risks and uncertainties include, among others, those risks and uncertainties discussed in Seaspan's public filings with the U.S. Securities and Exchange Commission. Seaspan undertakes no obligation to revise or update any forward-looking statements unless required to do so under the securities laws.





For Investor Relations Inquiries:
Mr. David Spivak
Chief Financial Officer
Seaspan Corporation
Tel. 604-638-2580
Mr. Michael Sieffert
Associate Director, Corporate Finance
Seaspan Corporation
Tel. 778-328-6490
For Media Inquiries:
Mr. Leon Berman
The IGB Group
Tel. 212-477-8438




Read more...

Ratios

vs
industry
vs
history
Forward PE Ratio 8.29
SSW's Forward PE Ratio is ranked higher than
89% of the 258 Companies
in the Global Shipping & Ports industry.

( Industry Median: 22.62 vs. SSW: 8.29 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 0.34
SSW's PB Ratio is ranked higher than
90% of the 791 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.22 vs. SSW: 0.34 )
Ranked among companies with meaningful PB Ratio only.
SSW' s PB Ratio Range Over the Past 10 Years
Min: 0.3  Med: 0.97 Max: 2.27
Current: 0.34
0.3
2.27
PS Ratio 0.71
SSW's PS Ratio is ranked higher than
60% of the 791 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.07 vs. SSW: 0.71 )
Ranked among companies with meaningful PS Ratio only.
SSW' s PS Ratio Range Over the Past 10 Years
Min: 0.68  Med: 2.45 Max: 10.61
Current: 0.71
0.68
10.61
Price-to-Free-Cash-Flow 8.48
SSW's Price-to-Free-Cash-Flow is ranked lower than
99.99% of the 308 Companies
in the Global Shipping & Ports industry.

( Industry Median: 15.32 vs. SSW: 8.48 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
SSW' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 8.41  Med: 12.55 Max: 37.28
Current: 8.48
8.41
37.28
Price-to-Operating-Cash-Flow 1.90
SSW's Price-to-Operating-Cash-Flow is ranked higher than
89% of the 471 Companies
in the Global Shipping & Ports industry.

( Industry Median: 7.78 vs. SSW: 1.90 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
SSW' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.9  Med: 5.45 Max: 27.31
Current: 1.9
1.9
27.31
EV-to-EBIT 298.28
SSW's EV-to-EBIT is ranked lower than
99.99% of the 871 Companies
in the Global Shipping & Ports industry.

( Industry Median: 14.84 vs. SSW: 298.28 )
Ranked among companies with meaningful EV-to-EBIT only.
SSW' s EV-to-EBIT Range Over the Past 10 Years
Min: -219.8  Med: 19.8 Max: 332.3
Current: 298.28
-219.8
332.3
EV-to-EBITDA 16.39
SSW's EV-to-EBITDA is ranked lower than
81% of the 928 Companies
in the Global Shipping & Ports industry.

( Industry Median: 10.34 vs. SSW: 16.39 )
Ranked among companies with meaningful EV-to-EBITDA only.
SSW' s EV-to-EBITDA Range Over the Past 10 Years
Min: 8  Med: 12.1 Max: 21.8
Current: 16.39
8
21.8
Current Ratio 0.80
SSW's Current Ratio is ranked lower than
59% of the 774 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.19 vs. SSW: 0.80 )
Ranked among companies with meaningful Current Ratio only.
SSW' s Current Ratio Range Over the Past 10 Years
Min: 0.42  Med: 2.01 Max: 13.6
Current: 0.8
0.42
13.6
Quick Ratio 0.80
SSW's Quick Ratio is ranked lower than
53% of the 774 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.09 vs. SSW: 0.80 )
Ranked among companies with meaningful Quick Ratio only.
SSW' s Quick Ratio Range Over the Past 10 Years
Min: 0.42  Med: 2.01 Max: 13.6
Current: 0.8
0.42
13.6
Days Sales Outstanding 9.65
SSW's Days Sales Outstanding is ranked higher than
87% of the 582 Companies
in the Global Shipping & Ports industry.

( Industry Median: 43.32 vs. SSW: 9.65 )
Ranked among companies with meaningful Days Sales Outstanding only.
SSW' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.21  Med: 4.96 Max: 12.8
Current: 9.65
0.21
12.8

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 22.05
SSW's Dividend Yield % is ranked higher than
99% of the 963 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.48 vs. SSW: 22.05 )
Ranked among companies with meaningful Dividend Yield % only.
SSW' s Dividend Yield % Range Over the Past 10 Years
Min: 2.39  Med: 6.24 Max: 41.39
Current: 22.05
2.39
41.39
3-Year Dividend Growth Rate 8.10
SSW's 3-Year Dividend Growth Rate is ranked higher than
57% of the 392 Companies
in the Global Shipping & Ports industry.

( Industry Median: 6.30 vs. SSW: 8.10 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
SSW' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: -23 Max: 102.2
Current: 8.1
0
102.2
Forward Dividend Yield % 21.55
SSW's Forward Dividend Yield % is ranked higher than
99% of the 915 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.61 vs. SSW: 21.55 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 46.42
SSW's 5-Year Yield-on-Cost % is ranked higher than
98% of the 1059 Companies
in the Global Shipping & Ports industry.

( Industry Median: 3.35 vs. SSW: 46.42 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
SSW' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.15  Med: 13.45 Max: 89.2
Current: 46.42
5.15
89.2
3-Year Average Share Buyback Ratio -15.20
SSW's 3-Year Average Share Buyback Ratio is ranked lower than
80% of the 397 Companies
in the Global Shipping & Ports industry.

( Industry Median: -2.10 vs. SSW: -15.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
SSW' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -22.9  Med: -11.6 Max: 0
Current: -15.2
-22.9
0

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.36
SSW's Price-to-Tangible-Book is ranked higher than
89% of the 731 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.28 vs. SSW: 0.36 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
SSW' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.35  Med: 1.05 Max: 2.24
Current: 0.36
0.35
2.24
Price-to-Intrinsic-Value-Projected-FCF 1.82
SSW's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
88% of the 356 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.28 vs. SSW: 1.82 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
SSW' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 1.81  Med: 7.09 Max: 77.56
Current: 1.82
1.81
77.56
Price-to-Median-PS-Value 0.28
SSW's Price-to-Median-PS-Value is ranked higher than
96% of the 684 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.08 vs. SSW: 0.28 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
SSW' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.28  Med: 0.98 Max: 6.91
Current: 0.28
0.28
6.91
Earnings Yield (Greenblatt) % 0.33
SSW's Earnings Yield (Greenblatt) % is ranked lower than
81% of the 1060 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.78 vs. SSW: 0.33 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SSW' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.3  Med: 5 Max: 8.3
Current: 0.33
0.3
8.3
Forward Rate of Return (Yacktman) % -15.79
SSW's Forward Rate of Return (Yacktman) % is ranked lower than
75% of the 472 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.16 vs. SSW: -15.79 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
SSW' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -124  Med: -16.6 Max: 7.4
Current: -15.79
-124
7.4

More Statistics

Revenue (TTM) (Mil) $863.7
EPS (TTM) $ -1.53
Beta0.58
Short Percentage of Float11.13%
52-Week Range $5.58 - 15.49
Shares Outstanding (Mil)109.60

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 838 893
EPS ($) 0.70 0.96
EPS without NRI ($) 0.70 0.96
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for SSW

Headlines

Articles On GuruFocus.com
Seaspan Announces Conference Call and Webcast to Discuss Results for the First Quarter Ended March 3 Apr 19 2017 
Seaspan Declares Quarterly Dividends on Common and Preferred Shares Apr 11 2017 
Seaspan Announces Board Changes Apr 10 2017 
Global Small-Cap Companies: Asia Apr 06 2017 
Why Shipping Stocks Are the Worst-Performing Stocks Ever Jan 16 2017 
Seaspan Stock to Trend Higher Over Long Term Jan 02 2017 
Seaspan Announces Pricing of $100 Million Public Offering of 8.2% Series G Cumulative Redeemable Per Jun 09 2016 
Seaspan Announces Public Offering of Series G Cumulative Redeemable Perpetual Preferred Shares Jun 09 2016 
Correction Is an Opportunity to Accumulate Seaspan Corporation Jun 06 2016 
Seaspan Announces Redemption of Remaining Series C Preferred Shares Jun 03 2016 

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3 Value Stocks for Bold Investors May 18 2017
ETFs with exposure to Seaspan Corp. : May 15, 2017 May 15 2017
Is Seaspan Corporation About to Turn the Corner? May 15 2017
Seaspan Corp. :SSW-US: Earnings Analysis: Q1, 2017 By the Numbers : May 3, 2017 May 03 2017
Seaspan Corp. – Value Analysis (NYSE:SSW) : May 1, 2017 May 01 2017
Seaspan Corp. breached its 50 day moving average in a Bullish Manner : SSW-US : April 28, 2017 Apr 28 2017
Seaspan Corporation's Earnings Keep Sinking but a Bottom Might Be Ahead Apr 27 2017
Seaspan tops 1Q profit forecasts Apr 26 2017
Seaspan Reports Financial Results for the Quarter Ended March 31, 2017 Apr 26 2017
Next Week Is an Important One for Seaspan Corporation Apr 21 2017
Seaspan Announces Conference Call and Webcast to Discuss Results for the First Quarter Ended March... Apr 19 2017
Seaspan Corporation: The Bear Case From a Bull Apr 11 2017
Seaspan Declares Quarterly Dividends on Common and Preferred Shares Apr 11 2017
Seaspan Announces Board Changes Apr 10 2017
ETFs with exposure to Seaspan Corp. : April 7, 2017 Apr 07 2017

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