News / Seaspan diversifies as it steps in to take control and save Swiber

Seaspan, the world’s largest non-operating containership owner, has announced its first significant investment outside the sector, suggesting it intends to diversify its business model.

The New York-listed lessor, with an operating fleet of 112 ships, said it planned to invest up to $200m in the restructured Singapore-based oilfield services group, Swiber Holdings.

Seaspan has a war chest of $1bn via investment from Fairfax Financial Holdings, now a 22% shareholder.

It had been assumed that Seaspan would use the cash to acquire distressed vessels or ...