Seaspan reports 3Q profit

Transportation

Wednesday, October 31, 2012

The ship lessor Seaspan Corp. said Tuesday it had a profit of $17.8 million in the third quarter ending Sept. 30, compared to a loss of $122.6 million in the same 2011 period. The company had revenue of $168.7 million in the third quarter, compared to $154.8 million in the same 2011 period. "During the third quarter, Seaspan's business continued to perform as expected. We achieved high utilization, delivered strong financial results and distributed a sizeable div...

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