News / New investment gives Seaspan the means to consolidate its top lessor position

© Sergey Khakimullin

Containership owner Seaspan Corporation has acquired a financial war chest to consolidate the “fragmented” boxship leasing market and further strengthen its leading position.

Last week, Fairfax Financial Holdings announced a $500m investment in Seaspan, which said it would prioritise strengthening its balance sheet.

However, it has confirmed it will also consider vessel and business acquisitions as it looks to lead the way in sector consolidation.

But with daily hire rates soaring, boosted by an acute shortage of open tonnage in the smaller sized market, Seaspan may have ...