Seaspan Corporation (“Seaspan”) announced on May 1 its financial results for the quarter ended March 31, 2019.
Highlights for the First Quarter 2019:
- Achieved vessel utilization of 98.1%
- Operating earnings of $344.1 million
- Reported net earnings attributable to common shares of $267.1 million
- Earnings per diluted share of $1.26
- Cash flows from operations of $122.6 million
Comments from Management
Bing Chen, President and Chief Executive Officer, commented, “During the first quarter of 2019, we...