Supply Chain Research

Seaspan, the containership charterer, reported fourth quarter revenues that were 5% lower than in the third quarter, but inline with analysts’ expectations. The drop contrasts with the strong performance from liners such as Hapag-Lloyd, which increased 13%, and the broader industry’s likely 2% growth for the quarter. This was mostly explained, however, by Hanjin Shipping’s demise and return of vessels. The company cut its dividend by two thirds, and has remarked it wants to “capitalize on industry weakness” – presumably by acquiring vessels rather than commissioning new-builds.