2007

Of Ships, Planes and Leasing Companies

On Tuesday, approximately 22 months since its IPO, Seaspan, with the assistance of The IGB Group, held it first Analyst/Investor Luncheon at New York’s Palace Hotel. The event was well attended and the company took the opportunity to take a look back at its accomplishments, discuss its goals, strategies and strengths, and then answer investors’ questions, all in what Gerry Wang aptly described as West Coast casual.

The first thing we observed was that the company had somehow managed to have its entire senior management team here in one place despite the multitudinous deals that are in process, running 27 ships and supervising the construction on another 28 of which 15 will be constructed in China. It appeared that Peter Curtis, Vice President of Seaspan Ship Management, traveled the furthest arriving directly from a tour of the Chinese shipyards where he was inspecting the progress of the newbuildings there.

After Chairman Kyle Washington’s brief introduction, which was effusive in its praise of his management team, GerryWang, the company’s CEO, took the floor to give the bulk of the presentation. He began with the understatement that since the IPO in August 2005, the company has been busy.

This is only an excerpt of Company Spotlight – 06/14/2007

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