News / Seaspan 'operationally strong', but has still not recovered financially from Hanjin collapse

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Seaspan has reported declining revenues for a third successive quarter and EBITDA earnings for the year to date down more than $90m.

The carrier, stung badly by the demise of Hanjin last year, reported three-month revenue of $211m, compared with $224m for the same period in 2016.

In turn, EBITDA for June to September dropped 15.5% to $125m, although reported net earnings reached $48m after a $184m loss last year.

Nine-month figures also fared poorly, with revenue down over 7% to $616m, with EBITDA dropping 18.6% to ...