Seaspan Corp. (SSW)

[TrendTrade2016]

SSW will go down as one of 2018's great plays. In a sector that has been beaten down with looming emissions regulations the shippers may find themselves sailing even rougher waters. If you are a shipper with a fleet older than 5 years you will not stay a float. These company's will have to make the transition to Liquid Natural Gas(LNG) This will be the industry standard and the exspense will not be cheap. With most shippers carring a poor balance sheet they will look to a more economical alternative. SSW is a shipping company with the largest LNG fleet in the world. Seaspan is not a shipper but a vessel leasing and managment company. Recent senior management changes led by chairman of the board David Sokol has put SSW in the spotlight. Once Warren Buffets right hand man in the early days Of Mid American Energy, Mr Sokol grew Mid America Energy from 100 milion to 11 billion in revenue. He is a visionary and has big money backing him on Seaspan's road to becoming a shipping industry powerhouse!! The shipping sector has been seeing some calmer waters these days with a brighter future on the horizon. SSW has positioned themselves with their recent aquisition putting them in front with over 100 vessels to lease out. With 5.5 billion in constracted revenue going forward SSW's debt it not a concern for Mr Sokol. With a new 100 m credit from Citi their debt to cash ratio has no negative bearing. See ya at 13.00
https://www.bloomberg.com/news/videos/2018-05-31/fairfax-ceo-watsa-doubles-his-investment-in-seaspan-video