Analysis: a Seaspan-Costamare merger? Could form a unique combination

© Eyewave

The competitive landscape for non-operating containership owners is currently fascinating. Business has gone so well this year that there seems to be a widespread conviction that nothing can go wrong for the major players, while strategic deals of a certain size are unlikely to happen anytime soon.

However, as latent recessionary forces continue to gather pace, I couldn’t refrain from running the numbers supporting a unique combination, after learning that a takeover of Greece’s Costamare by Vancouver-based shipowner Seaspan was “not an ...