Seaspan CEO: US-China trade spat will not rock boat

Hong Kong container shipping firm has amassed $1b of investment from Fairfax Financial for acquisitions in a sector ripe for consolidation; signalling confidence even as trade tensions ramp up.

Seaspan CEO: US-China trade spat will not rock boat

The world’s largest independent containership owner-operator, Seaspan Corp., is upgrading its fleet and plotting acquisitions, a sign of confidence the sector can ride out the US’s renewed trade offensive against China.

Shipping companies’ share prices have been roiled by rising tensions between the superpowers. On March 22 the White House moved ahead with tariffs against China, less than two weeks after both sides agreed a truce.

The move could escalate...

To continue reading, please login or register for free

Click for more on: cosco | seaspan | ooil | acquisitions | belt and road | logistics

Print Edition

FinanceAsia Print Edition