Transformational Performance and Growth
Transformational Performance
December 31, 2017
Gross Contracted Cash Flow¹
$4.7 billion
3-Year Change
$6.3bn
or 134%
Operating Fleet Count
89
71 Vessels
or 80%
Vessels
Operating Fleet TEU
665,900
TEU
Average Age of Fleet4
6.0
Years
Average Remaining Lease Term4
5.2
Years
December 31, 2020PF
Gross Contracted Cash Flow PF,2,3
$10.7 billion
Operating Fleet CountPF
160
Vessels
Operating Fleet TEUPF
1,560,200
894,300 TEU
or 134%
TEU
-0.7 Years
Average Age of Fleet³F,4
5.3
Years
Average Remaining Lease TermPF,4
6.5
1.3 Years
Years
PF As of December 31, 2020; pro-forma for newbuild containership orders for 31 vessels announced on December 7, 2020, February 8 and 12, 2021, and March 4 and 8, 2021, and two secondhand vessel
acquisitions announced on March 2, 2021
Gross contracted cash flows include $4.0 billion of lease payments receivable from operating leases and $0.7 billion of minimum lease receivable from finance leases
1.
2.
3.
4.
Gross contracted cash flow includes $3.9 billion of lease payments receivable from operating leases, $0.9 billion of minimum lease receivable from finance leases, as well as $5.9 billion lease payments
to be received from undelivered vessels
Includes cash flows expected from signed charter agreements on undelivered vessels, excluding purchase options, extension options, higher charter rate options and profit-sharing components
Weighted by TEU
seaspan
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