Seaspan Corporation 7.125% NT DUE 27 (SSWA) Stock Analysis
DELISTED 2020
What happened to Seaspan Corporation 7.125% NT DUE 27 (SSWA) stock?
Seaspan Corporation 7.125% NT DUE 27 (SSWA) no longer trades on public markets. It was delisted in March 2020. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Seaspan Corporation 7.125% NT DUE 27 (SSWA) trades at $24.84. Seaspan Corporation 7. 125% NT DUE 27 (SSWA) operates within the financial services sector, specifically in asset management. Market cap: $2.93B, Sector: Financial services.
Last analyzed: Mar 18, 2026Analyst Coverage for SSWA: SSWA does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SSWA against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
SSWA: the 2 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →Seaspan Corporation 7.125% NT DUE 27 (SSWA) Financial Services Profile
Seaspan Corporation 7.125% NT DUE 27 (SSWA) is a financial services company specializing in asset management, particularly the ownership and chartering of containerships. The company operates within the asset management industry, providing long-term, fixed-rate charters to major container shipping lines, contributing to global trade and logistics infrastructure.
What Is the Investment Thesis for SSWA?
SSWA represents a fixed-income investment in Seaspan Corporation, offering a 7.125% interest rate until its maturity in 2027. The investment thesis hinges on Seaspan's continued financial stability and ability to meet its debt obligations. Key value drivers include Seaspan's long-term charter agreements, which provide predictable revenue streams, and its strong relationships with major container shipping lines. Potential catalysts include favorable developments in the global shipping industry, such as increased trade volumes and higher charter rates. However, risks include potential economic downturns that could negatively impact container shipping demand and Seaspan's financial performance. Investors should carefully assess Seaspan's credit rating and financial health before investing in SSWA.
Based on FMP financials and quantitative analysis
SSWA Key Highlights
SSWA offers a fixed interest rate of 7.125% until its maturity in 2027, providing a predictable income stream for investors.
- Seaspan Corporation's long-term charter agreements provide revenue stability and reduce exposure to short-term market fluctuations.
- Seaspan's diverse fleet of containerships allows it to cater to the varying needs of its customers.
- Seaspan's strategic focus on operational efficiency and environmental compliance enhances its long-term competitiveness.
- SSWA's value is influenced by Seaspan's creditworthiness and overall market conditions, requiring careful monitoring.
Who Are SSWA's Competitors?
SSWA is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ECC Eagle Point Credit Company Inc. | $3.82 | +1.06% | $505M | — |
| HSPX Global X S&P 500 Covered Call ETF | $44.86 | +0.03% | $2.97B | 44 |
| KMPA Kemper Corporation SUB NT 54 | $25.15 | +0.00% | $1.29B | — |
| MCX Medley Capital Corporation 6.50 NT 013021 | $25.06 | +0.00% | $1.37B | — |
| APAM Artisan Partners Asset Management Inc. | $42.05 | -1.06% | $2.99B | 70 |
| HTGC Hercules Capital, Inc. | $17.03 | +0.77% | $3.19B | 70 |
| FSENX Fidelity Select Portfolios - Energy Portfolio | $92.48 | +0.37% | $2.66B | 69 |
| AAMI Acadian Asset Management (AAMI) | $90.85 | -0.21% | $3.24B | 84 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SSWA's Key Strengths?
Long-term charter agreements provide stable revenue.
- Established relationships with major shipping lines.
- Diverse fleet of containerships.
- Operational expertise in ship management.
What Are SSWA's Weaknesses?
Exposure to fluctuations in global trade volumes.
- Dependence on the financial health of its customers.
- High capital expenditures for vessel maintenance and upgrades.
- Susceptibility to changes in maritime regulations.
What Could Drive SSWA Stock Higher?
Potential increase in global trade volumes could drive higher charter rates.
- Continued demand for containerships from major shipping lines.
- Strategic partnerships and acquisitions to expand market reach.
- Investment in environmentally sustainable shipping technologies to attract customers.
What Are the Key Risks for SSWA?
Economic downturns could reduce demand for container shipping.
- Increased competition from other containership owners.
- Rising fuel costs and operating expenses.
- Geopolitical risks and trade disputes.
- Changes in maritime regulations could increase compliance costs.
What Are the Growth Opportunities for SSWA?
- Expansion of Fleet Capacity: Seaspan can pursue growth by acquiring additional containerships to meet increasing demand from shipping lines. The global containership fleet is projected to grow at a rate of 3-5% annually, driven by rising trade volumes, presenting opportunities for Seaspan to expand its market share. Investing in new, fuel-efficient vessels can also enhance Seaspan's competitiveness and reduce operating costs. Timeline: Ongoing.
- Strategic Partnerships and Acquisitions: Seaspan can explore strategic partnerships with shipping lines or acquisitions of smaller containership operators to expand its network and customer base. Collaborations with technology providers can also enhance operational efficiency and improve vessel utilization. The market for mergers and acquisitions in the maritime sector is active, providing opportunities for Seaspan to consolidate its position. Timeline: Ongoing.
- Diversification into Related Maritime Services: Seaspan can diversify its service offerings to include ship management, crewing, and technical services. These services can generate additional revenue streams and enhance customer relationships. The market for maritime services is growing, driven by the increasing complexity of ship operations and regulatory requirements. Seaspan's existing expertise in ship management provides a strong foundation for expansion. Timeline: Ongoing.
- Focus on Environmentally Sustainable Shipping: Seaspan can invest in environmentally friendly technologies and practices to reduce its carbon footprint and comply with increasingly stringent environmental regulations. This includes adopting alternative fuels, such as LNG or methanol, and implementing energy-efficient vessel designs. The demand for sustainable shipping solutions is growing, driven by customer preferences and regulatory pressures. Seaspan's commitment to environmental sustainability can enhance its reputation and attract environmentally conscious customers. Timeline: Ongoing.
- Leveraging Digital Technologies: Seaspan can leverage digital technologies, such as data analytics and artificial intelligence, to optimize vessel operations, improve fuel efficiency, and enhance decision-making. This includes implementing predictive maintenance systems, optimizing vessel routing, and improving cargo management. The market for digital solutions in the maritime sector is rapidly expanding, driven by the increasing availability of data and the potential for significant cost savings. Seaspan's adoption of digital technologies can enhance its competitiveness and improve its financial performance. Timeline: Ongoing.
What Are SSWA's Competitive Advantages?
- Long-term charter agreements provide predictable revenue streams.
- Established relationships with major shipping lines.
- Diverse fleet of containerships caters to varying customer needs.
- Operational expertise in ship management and maintenance.
What Does SSWA Do?
Seaspan Corporation 7.125% NT DUE 27 (SSWA) is a key player in the asset management sector, focusing on the ownership and management of containerships. While the specific founding story of SSWA as a debt instrument is not applicable, it is associated with Seaspan Corporation, a leading independent owner, operator, and manager of containerships. Seaspan provides long-term, fixed-rate charters to major container shipping lines. These charters ensure predictable revenue streams and foster strong relationships with its clientele. The company's vessels transport a wide variety of goods across the globe, playing a crucial role in international trade and supply chains. Seaspan's fleet comprises a diverse range of containership sizes, allowing it to cater to the varying needs of its customers. The company continually invests in its fleet to maintain operational efficiency and environmental compliance. Seaspan's strategic focus on long-term charters provides stability and reduces exposure to short-term market fluctuations. The company's global reach extends to major shipping routes and ports worldwide, solidifying its position as a vital partner to the container shipping industry. Seaspan's commitment to operational excellence and customer satisfaction underpins its long-term success and growth in the competitive maritime sector. SSWA, as a specific debt instrument, represents a portion of Seaspan's overall capital structure. Investors in SSWA receive fixed interest payments until the maturity date in 2027. The value of SSWA is influenced by factors such as Seaspan's creditworthiness, prevailing interest rates, and overall market conditions.
What Products and Services Does SSWA Offer?
- Owns and manages a fleet of containerships.
- Charters containerships to major container shipping lines.
- Provides long-term, fixed-rate charters.
- Transports goods across the globe.
- Maintains and operates its fleet of vessels.
- Ensures compliance with maritime regulations.
- Manages vessel operations and crewing.
How Does SSWA Make Money?
- Generates revenue through long-term charter agreements with shipping lines.
- Receives fixed charter rates for the use of its containerships.
- Manages vessel operating expenses, including maintenance, crewing, and insurance.
- Invests in new and existing vessels to maintain fleet competitiveness.
What Industry Does SSWA Operate In?
Seaspan Corporation 7.125% NT DUE 27 (SSWA) operates within the asset management sector, specifically focusing on containership leasing. The containership industry is driven by global trade volumes and the demand for efficient transportation of goods. The industry is subject to cyclical fluctuations, influenced by economic growth, trade policies, and geopolitical events. Seaspan competes with other containership owners and operators, as well as integrated shipping lines that own their own vessels. The company's focus on long-term charters and operational efficiency helps it maintain a competitive edge in this dynamic market.
Who Are SSWA's Key Customers?
- Major container shipping lines.
- Global logistics companies.
- Retailers and manufacturers that rely on container shipping.
- Companies involved in international trade.
Company Profile
Seaspan Corporation 7.125% NT DUE 27 operates in the Asset Management industry within the Financial Services sector. SSWA has traded publicly since 2017.
How Seaspan Corporation 7.125% NT DUE 27 Is Valued
Seaspan Corporation 7.125% NT DUE 27 carries a market capitalization of $2.93B, placing it in the mid-cap category.
Key Financial Metrics
Return on equity for Seaspan Corporation 7.125% NT DUE 27 stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. SSWA trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
SSWA Financials
Bull Case vs Bear Case
Bull Case
- Seaspan's consistent dividend yield attracts income-focused investors, creating buying pressure.
- The shipping industry is experiencing increased demand, potentially boosting Seaspan's revenue.
- Insider buying activity suggests strong confidence in the company's future performance.
- Positive community sentiment indicates growing optimism about Seaspan's stability and growth.
Bear Case
- Rising interest rates could make Seaspan's debt more expensive to service, impacting profitability.
- Global trade tensions might reduce shipping volumes, negatively affecting Seaspan's earnings.
- Negative community sentiment reflects concerns about the company's long-term growth prospects.
- Market perception views the shipping sector as cyclical and subject to economic downturns.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
SSWA Latest News
No recent news available for SSWA.
SSWA Financial Services Stock FAQ
What happened to Seaspan Corporation 7.125% NT DUE 27 (SSWA) stock?
Seaspan Corporation 7.125% NT DUE 27 (SSWA) no longer trades on public markets. It was delisted in March 2020. The figures below are historical and are not a current quote.
Can I still buy SSWA shares?
No. SSWA stopped trading on public markets in March 2020, so the shares are not available through a broker. Anything you see quoted for SSWA elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before SSWA stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Seaspan Corporation 7.125% NT DUE 27. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Seaspan Corporation 7.125% NT DUE 27 do?
Seaspan Corporation 7.125% NT DUE 27 (SSWA) is a fixed-income security representing debt issued by Seaspan Corporation. Seaspan is primarily involved in owning and chartering containerships to major shipping lines under long-term, fixed-rate contracts. SSWA allows investors to participate in Seaspan's financial performance by receiving fixed interest payments until the bond's maturity in 2027.
What do analysts say about SSWA stock?
As SSWA is a fixed-income security (specifically, a bond), traditional stock analyst ratings do not apply. The value of SSWA is primarily determined by Seaspan's credit rating and prevailing interest rates. Investors should monitor Seaspan's financial performance, credit rating agency reports, and overall market conditions to assess the risk and potential return of SSWA. Key metrics to watch include Seaspan's revenue, profitability, debt levels, and cash flow.
What are the main risks for SSWA?
The main risks for SSWA are related to Seaspan's financial health and ability to meet its debt obligations. These risks include a potential decline in global trade volumes, which could reduce demand for Seaspan's containerships and impact its revenue.
What regulatory challenges does Seaspan Corporation 7.125% NT DUE 27 face?
Seaspan Corporation, and by extension SSWA, faces several regulatory challenges within the maritime and financial sectors. Maritime regulations related to safety, environmental protection (such as emissions standards), and labor practices can impact Seaspan's operating costs and require ongoing investment in compliance. Financial regulations related to debt issuance and reporting requirements also apply.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for SSWA, some data points may be incomplete.