Seaspan Corporation (NYSE:SSW) is one of those companies in the container shipping industry that fell off a cliff in 2008. About 90% of global trade volume is seaborne, so it's no surprise the global slowdown has had such a profound impact on the industry. Throw in a tightening of credit markets and you have one of the hardest hit industries over the past few years.
However, like a phoenix rising from the ashes, there are a couple companies that have capitalized on the opportunity to better position themselves in the industry, Seaspan is one of those. What's more, SSW offers investors a well covered 5.6% dividend yield.
SSW is a containership owner and manager, chartered under...