Revenue increased substantially due to the increased number of operating days and higher time charter rates attributed to the larger newbuild vessels that we delivered. Ship operating expenses increased but at a lower rate than our revenue. This is consistent with the operating efficiencies achieved by our larger newbuild ships, which have lower operating costs for TEU.Read the rest of this transcript for free on seekingalpha.com
Seaspan's CEO Discusses Q4 2011 Results - Earnings Call (Transcript)
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