Seaspan Corp.

Seaspan Corp.

Seaspan Corp.

Overview
Date Founded

2005

Headquarters

Unit 2, 2nd floor, Bupa Centre,141 Connaught Road West,Hong Kong

Type of Company

Public

Employees (Worldwide)

4,100

Industries

Other Transportation
Marine Shipping

Company Description

Seaspan Corp. engages in the ownership and management of containerships. It deploys vessels on long-term, fixed-rate time charters, and high utilization rates that are typically associated with long-term time charters. The company was founded by Graham John Porter, Gerry Wang, and Kyle R. Washington on May 3, 2005 and is headquartered in Hong Kong.

Executives & Employees

Director & Co-Founder

Co-Founder

President & Chief Executive Officer

Chief Financial Officer

General Counsel

Chief Human Resources Officer

Executive Vice President, Chief Commercial & Technical Officer

Executive Vice President-Ship Management

Senior Vice President, Operations

Senior Director, Investor Relations

Board of Directors

Founder at Teton Capital LLC

Managing Director & Partner at AMA Capital Partners LLC

Director & Co-Founder at Seaspan Corp.

Governor at The University of Northampton

Founder & President at Macluan Capital Corp.

Former Senior Vice President & Portfolio Manager at Mackenzie Financial Corp.

Former Vice President, Head of Institutional Sales at Haywood Securities (USA), Inc.

President & Chief Executive Officer at The Washington Companies

Executive Vice President, Chief Commercial & Technical Officer at Seaspan Corp.

President & Chief Executive Officer at Seaspan Corp.

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Seaspan Corp.
Owners & Shareholders
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Brahman Capital Corp. serves as the investment manager of various long/short and long-only private investment funds. The firm seeks to construct portfolios in which performance is determined by stock selection rather than overall market direction.Each long/short fund seeks to generate returns through individual stock selection on both its long and short holdings. Brahman's long/short strategy is a fundamental strategy that focuses primarily on disciplined free cash flow value investing with a strong emphasis on the quality of company management. Each fund's long and short positions primarily consist of equity and/or equity-related securities of US or non-US corporations, partnerships, or other entities that Brahman believes to be undervalued or overvalued, respectively. Each fund's investments generally include special situations involving the securities and other financial instruments of issuers engaged in extraordinary corporate events, such as CEO changes, spin-offs, takeover attempts, mergers, tender offers, post-bankruptcy reorganizations, liquidations, LBOs, stock repurchase programs, and other forms of corporate restructurings.Brahmin's long-only funds focus primarily on long positions in equity or equity-related securities of US and non-US companies they believe to be undervalued. The funds generally include all of the long positions in the long/short funds other than market hedges.

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DDD Partners LLC, part of Soaring Eagle Ventures, Inc., is a company headquartered in Bellevue, WA. The firm provides investment advisory services. It was founded in 2017.

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Punch & Associates' (P&A) investment management approach incorporates a risk-averse investment philosophy centered on preserving and growing their clients' assets. The firm is a multi-cap manager with the following core strategies: Income, Large-Cap Equity, and Small- and Micro-Cap Equity. For their individual clients, P&A believes the most important decision involves the allocation of assets among different asset classes, supplemented by rigorous fundamental analysis providing the key to successful security selection. They believe it is possible to achieve consistent and superior investment returns through all market environments by using a disciplined and opportunistic style of investing, coupled with a willingness to look different from other mainstream investors.The Punch Small-Cap Strategy invests in equities with market-cap of $250 million to $2 billion. The firm combines intensive bottom-up investment research with elements of behavioral finance to create a portfolio of companies that are purchased at compressed valuations. P&A seeks out sectors and issues with accelerating fundamentals, economically attractive business models and low recognition among the general investing public.The Punch Large-Cap strategy takes a \"hub-and-spoke\" approach to building a portfolio of large-cap equities. A \"hub\" of closed-end or index funds is surrounded with \"spokes\" of concentrated positions in individual stocks taken from the universe of domestic companies with market-cap greater than $5 billion.The Punch Strategic Total Return Strategy (STR) is meant for client accounts that don't meet the minimum investment amount for P&A's other strategies (generally $100,000), although it can also be suitable for larger accounts. It ss a total return strategy that focuses on generating an attractive dividend yield in addition to capital appreciation. Portfolios are constructed using a limited number of closed-end funds, index shares and other pooled vehicles, and the strategy is benchmarked to the S&P 500.The Punch Micro-Cap Equity Strategy applies a similar investment process as the Small-Cap Equity Strategy while screening for companies in the smallest end of the small-cap spectrum (less than $250 million). The strategy is offered to accredited investors and qualified clients through a private investment partnership, PMCP, solely through a Confidential Private Placement Memorandum.The Punch Income Strategy invests in a wide variety of securities with the characteristics of producing durable, predictable yields and price appreciation over full market cycles. Incorporating varied yield vehicles to provide total return in both a taxable and tax-efficient manner, the strategy focuses on total return, emphasizes regular cash flow and takes a \"reversion-to-the-mean\" approach to asset allocation, targeting asset classes that have under-performed over the past 3-5 years.^

Recent Transactions
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Seaspan Corp. purchases Greater China Intermodal Investments LLC from GCI Group Ltd.

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Seaspan Corp. issued Class A Common Stock

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Seaspan Corp. issued Class A Common Stock

Transaction Advisors
Auditor

Advised onSeaspan Corp. issued Common Stock

Legal Advisor

Advised onSeaspan Corp. issued Common Stock

Underwriter

Advised onSeaspan Corp. issued Common Stock

Managing Director

Advised onSeaspan Corp. issued Class A Common Stock

Corporate Officer

Advised onSeaspan Corp. issued Common Stock

Managing Director

Advised onSeaspan Corp. issued Class A Common Stock

Advisors & Consultants
Legal Advisor

Partner at Cravath, Swaine & Moore, LLP

Publicist

President at The IGB Group

Clients

A.P. Møller-Mærsk A/S engages in shipping, energy, transportation, offshore drilling, and retail activities. It operates through the following segments: Maersk Line, APM Terminals, Damco, Svitzer, Maersk Oil, Maersk Drilling, Maersk Supply Service, and Maersk Tankers. The Maersk Line segment provides global container services. The APM Terminals segment involves in container terminal activities, inland transportation, container depots and repair of containers. The Damco segment segment provides freight forwarding and supply chain management services. The Svitzer segment provides towage, salvage and emergency response activities. The Maersk Oil segment engages oil and gas production and exploration activities. The Maersk Drilling segment provides offshore drilling services focused in ultra-harsh and ultra deepwater environments. The Maersk Supply Service segment segment supplies vessel activities with anchor handling and platform supply vessels. The Maersk Tankers segment engages in tanker shipping of crude oil, oil products and gas. The company was founded by Arnold Peter Møller and Peter Mærsk Møller on April 16, 1904 and is headquartered in Copenhagen, Denmark.

CMA CGM SA provides shipping transportation services. It specializes in logistics, cargo storage, and handling solutions. The company was founded by Jacques Rodolphe Saadé in 1978 and is headquartered in Marseille, France.

COSCO SHIPPING Development Co., Ltd. engages in the ownership, chartering, and operation of container vessels for the provision of international and domestic container marine transportation services; and the operation of container terminals. It operates through the following segments: Container Shipping; Vessel Chartering and Container Leasing; Non-Shipping Related Leasing; Container; Financial Services; Equity Investment; and Others. The Container Shipping segment renders container marine transportation services and related businesses. The Container segment manufactures and sells containers. The Financial Services segment provides corporate banking and insurance brokerage services. The Equity Investment segment focuses on equity investments, including investments in associates, investments in joint ventures, and available-for-sale equity investments. The Others segment consists of cargo and liner agency services. The company was founded in 1997 and is headquartered in Shanghai, China.

Key Stats and Financials As of 2017
Market Capitalization
$1.29B
Total Enterprise Value
$3.59B
Earnings Per Share
$0.94
Revenue
$831M
Net Profit
$175M
EBITDA
$490M
EBITDAMargin
59%
Total Debt
$3.09B
Total Equity
$1.95B
Enterprise Value Sales
4.32x
Enterprise Value EBITDAOperating
7.33x
TEVNet Income
20.51x
Debt TEV
0.86x
Three Year Compounded Annual Growth Rate Of Revenue
5.22%
Five Year Compounded Annual Growth Rate Of Revenue
4.8%
Investments
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GCI Group Ltd. provides cargo and maritime asset leasing services. It offers to order new, fuel efficient, environmentally friendly vessels and place them primarily on long-term charters with credit worthy customers. The company was founded in 2011 and is headquartered in Hong Kong.

Investors
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Managing Director & Partner at AMA Capital Partners LLC

Suppliers
Hyundai Heavy Industries Co., Ltd. Trucks, Construction & Farm Machinery | Ulsan, UL

Hyundai Heavy Industries Co., Ltd. engages in the manufacture and sale of steel ships. Its operations are carried out through the following divisions: Shipbuilding, Offshore and Engineering, Industrial Plant and Engineering, Engine and Machinery, Electro Electric Systems, Green Energy and Construction Equipment. The Shipbuilding division main products involve VLCCs, tankers, product carriers, chemical tankers, containerships, bulk carriers, OBO carriers, ro-pax ships, ro-ro ships, pure car carriers, LNG carriers, LPG carriers, submarines, destroyers and frigates. The Offshore and Engineering division has floating units, mixed platforms, pipelines and subsea facilities, offshore installations. The Industrial Plant and Engineering division offers combined cycle power plant, thermal power plant, oil and gas processing plant, LNG plant, refinery plant, petrochecmical plant, process equipment, nuclear component, boiler and HRSG. The Engine and Machinery division provides machine engine equipment, industrial machinery, power plant and robot system. The Electro Electric System offers transformers, GIS, switchgear, low and medium voltage circuit breakers, power electronics, rotating machinery, integrated control and monitoring systems. The company Green Energy division has solar power system and wind turbine system. The Construction Equipment division offers excavators, wheel loaders, backhoe loaders, forklift trucks and skid steer loaders. The company was founded by Chung Ju-Yung on December 28, 1973 and is headquartered in Ulsan, South Korea.

Thomson-CSF IT Consulting & Services | Paris, IF

Thales SA is a holding company that engages in the manufacture, marketing, and sale of electronic equipment and systems for aeronautics, naval, and defense sectors. It operates through the following segments: Defense & Security, Aerospace and Transport. The Defense and Security segment designs and delivers systems for the following domain: land, air, naval, space, and cyberspace. The aerospace segment encompasses the Avionics and Space Global Business Units. The Transport segment offers Ground Transportation Systems and services such as rail signaling and control systems and passenger payment collection solutions to operators and transport infrastructure manager. Thales was founded in 1893 and is headquartered in Paris, France.

Yangzijiang Shipbuilding (Holdings) Ltd. Other Transportation | Jingjiang, JS

Yangzijiang Shipbuilding (Holdings) Ltd. engages in the provision of agency services for shipbuilding and related activities. It operates through the following segments: Shipbuilding, Investments, Trading and Others. The Shipbuilding segment handles offshore marine equipment construction and ship design. The Investment segment consists of micro-financing and investments in financial assets. The Trading segment consists of trading of goods. The Others segment includes ship demolition and vessel owning companies. The company was founded in 1956 and is headquartered in Jingjiang, China.

Competitors
Danaos Corp. Marine Shipping - Piraeus, GI

Danaos Corp. engages in the provision of marine and seaborne transportation services. It offers services by operating vessels in the containership sector of the shipping industry. The company operates containerships and chartering vessels to many of the liner companies. Danaos was founded on December 7, 1998 and is headquartered in Piraeus, Greece.

Rickmers Holding GmbH & Cie. KG is a holding company with interests in freight shipping and maritime services. The company was founded in June 1834 and is headquartered in Hamburg, Germany.

Costamare Inc. Marine Shipping

Costamare Inc. is a holding company, engages in the provision of containerships chartering. It owns vessels such as new build containerships and second hand vessel. The company was founded on April 21, 2008 and is headquartered in Monaco, Monaco.

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