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Monday 2 August 2010Seaspan: massive newbuilding orders planned
Container carrier Seaspan is considering placing orders of up to US$3 billion, for between 20 to 30 newbuildings. This news comes on the back of healthy dividends, which were announced on July 27.
"We are pleased to increase our second quarter dividend by 25 percent due to our increasing cash flows generated through the strength of our business model and the significantly improved container shipping industry fundamentals,” said Gerry Wang, Seaspan’s CEO.
Earlier in July, the company announced that it accepted delivery of an 8,500TEU containership named the ‘COSCO Indonesia’ from Hyundai Heavy Industries. This was Seaspan's eleventh delivery in 2010, expanding the company's operating fleet to 53 vessels.
Source: Baird Maritime
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