Is Seaspan Corporation (SSW) Destined for Greatness?

Seaspan has raised its capital expenditures to better serve this expected uptick in global trade. Quite recently, Seaspan inked a contract  with Yang Ming Marine Transport for five 14,000 TEU class containerships, which should be finished by 2015. Seaspan will also purchase five additional 14,000 TEU class vessels for approximately $550 million from Taiwan- based CSBC Corporation, which are scheduled for delivery in 2016. The company has another eight new containerships under construction by Mitsui O.S.K. Lines, which are scheduled to be delivered by May 2015. That adds up to an impressive growth in the size of Seaspan’s fleet, which relies on 71 smaller containerships  — none in active service are as large as the 10 14,000-TEU ships set to join the fleet in the next three years.

Putting the pieces together
Today, Seaspan Corporation (NYSE:SSW) has many of the qualities that make up a great stock, but no stock is truly perfect. Digging deeper can help you uncover the answers you need to make a great buy — or to stay away from a stock that’s going nowhere.

The article Is Seaspan Destined for Greatness? originally appeared on Fool.com and is written by Alex Planes.

Fool contributor Alex Planes has no position in any stocks mentioned. The Motley Fool owns shares of Seaspan.

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