
Seaspan
Investments
5Partners & Customers
10About Seaspan
Seaspan consists of Canadian companies primarily involved in coastal marine and deep-sea transportation, bunker fueling, ship repair and shipbuilding services on the West Coast of North America. Through its subsidiaries, Seaspan also provides commercial ferry, shipyard and bunkering services.

Want to inform investors similar to Seaspan about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Latest Seaspan News
Jul 28, 2023
Seaspan launches world's first electric tugboat Jordan Pechie, senior vice-president Seaspan Marine Transportation (left) and Vincent Percy, director of operations for HaiSea Marine, stand aboard HaiSea Wamis, the world’s first all-electric tugboat. | Paul McGrath / North Shore News It’s got enough power to push around an LNG tanker weighing close to 100,000 tonnes, but it doesn’t emit a whiff of carbon. HaiSea Marine, a partnership between the Haisla Nation and North Vancouver’s Seaspan, has launched HaiSea Wamis, the world’s first all-electric tugboat. “This will live its entire life on a zero emissions platform,” said Jordan Pechie, senior vice-president of Seaspan Marine Transportation. “It will change the game, for sure.” In their negotiations over the approval of LNG Canada’s export terminal, it was the Haisla Nation leadership that insisted the project have the least environmental impact possible, including the possibility of a zero-emission tugboat. Seaspansought out naval architecture firm Robert Allan Ltd. to do the design and had the HaiSea Wamis build at a Turkish shipyard, where almost all of the world’s tugs are produced because of local expertise. (Yes, Seaspan also owns a major shipyard in North Vancouver but it is fully booked for the years ahead making vessels under Canada’s National Shipbuilding Strategy.) The name was chosen through a contest held by the Haisla Nation, which wanted to the tug to honour Wamis, who, in their creation story, was their first ancestor to settle in what is now Kitimat. HaiSea Wamis made its first public appearance as part of a ceremony in July, sailing under Lions Gate Bridge. Until the LNG Canada terminal is ready for tankers, HaiSea Wamis will be put to work helping ships dock in the Vancouver harbour. The surest way to spot HaiSea Wamis is to look for the tug that doesn’t have two massive smokestacks flanking the wheelhouse and belching out diesel exhaust. With those out of the picture, the tug’s masters quickly found visibility from the HaiSea Wamis unlike any other tug on the water, Pechie said. “Visibility is everything,” he said. “Especially when you’re ship docking, you need to see all points of contact, you need to see your crew, you need to see the lines.” The captains have also had to adjust to the almost instant torque that electric motors provide, making the vessel far more responsive than what they’re used to, so much so that the throttle has been designed to ease power up slowly. Inside, it’s still got that new tugboat smell. The quarters have four cozy but private bedrooms and bathrooms, where crew members, many of whom are Haisla Nation members, will stay when they are on shift. Below deck, there are six massive banks of 5,300 kilowatt hour Corvus batteries – about the equivalent of 70 top-of-the-line Teslas running full time. The electric drive system boasts about 7,000 horsepower, but with a 1,000- to 1,500-tonne reduction in greenhouse gas emission. And Pechie said it should produce about 33 per cent less underwater noise compared to a diesel engine, making it a friendlier system for marine life. The capital cost for the world’s first all-electric tug is higher up front, Pechie conceded, but the operational cost is much lower, with the break-even point coming after eight years, although Pechie added, other electric tugs designed for different tasks may reduce that number. And wear-and-tear and maintenance costs for their motors should be a fraction of their diesel cousins, Pechie said. Although there is no hard mandate, the International Maritime Organization has set targets for the marine industry to be at net-zero carbon emissions by 2050, with zero- or near-zero carbon fuels in use by 2030. For harbour work, tugs like the HaiSea Wamis, just like its namesake, will be a leader, Pechie said. “This model is the future. This what belongs in British Columbia. For terminal contracts, electric tugs just make perfect sense,” he said, noting that 28 more electric tugs are now in production with some bound for the Vancouver harbour. “So it’s nice to know, we weren’t crazy. Smart people are copying us, which means we’re headed in the right direction.”
Seaspan Investments
5 Investments
Seaspan has made 5 investments. Their latest investment was in University of Victoria as part of their Grant on November 11, 2017.

Seaspan Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
11/17/2017 | Grant | University of Victoria | $0.78M | Yes | 1 | |
3/31/2017 | Seed VC | |||||
2/18/2016 | Grant | |||||
Other Investors | ||||||
Other Investors |
Date | 11/17/2017 | 3/31/2017 | 2/18/2016 | ||
---|---|---|---|---|---|
Round | Grant | Seed VC | Grant | Other Investors | Other Investors |
Company | University of Victoria | ||||
Amount | $0.78M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 1 |
Seaspan Partners & Customers
10 Partners and customers
Seaspan has 10 strategic partners and customers. Seaspan recently partnered with HaiSea Marine, and Pacific Marine Construction on June 6, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
6/22/2023 | Client, and Vendor | Canada, and | `` We are honoured to build a facility that will embody the values of both Haisla Nation and Seaspan ULC and reflect their true partnership , '' said Cory Handyside , President of Pacific Marine Construction . | 1 | |
12/2/2022 | Partner | Canada | Gitxaala And Seaspan Launch Ship Escort and Docking Service in Prince Rupert - Seaspan Beginning January 1 , 2023 , the partnership between Gitxaala Nation and Seaspan will have modern , high efficiency 65T bollard tugs stationed at Prince Rupert . | 1 | |
6/28/2022 | Partner | Canada | Snuneymuxw First Nation Territory -- June 28 , 2022 -- Snuneymuxw First Nation and Seaspan announce the parties have entered into agreements regarding current and proposed projects in Snuneymuxw First Nation Territory , including mechanisms on how to work together on an on-going basis . | 1 | |
4/20/2021 | Partner | ||||
3/9/2021 | Client |
Date | 6/22/2023 | 12/2/2022 | 6/28/2022 | 4/20/2021 | 3/9/2021 |
---|---|---|---|---|---|
Type | Client, and Vendor | Partner | Partner | Partner | Client |
Business Partner | |||||
Country | Canada, and | Canada | Canada | ||
News Snippet | `` We are honoured to build a facility that will embody the values of both Haisla Nation and Seaspan ULC and reflect their true partnership , '' said Cory Handyside , President of Pacific Marine Construction . | Gitxaala And Seaspan Launch Ship Escort and Docking Service in Prince Rupert - Seaspan Beginning January 1 , 2023 , the partnership between Gitxaala Nation and Seaspan will have modern , high efficiency 65T bollard tugs stationed at Prince Rupert . | Snuneymuxw First Nation Territory -- June 28 , 2022 -- Snuneymuxw First Nation and Seaspan announce the parties have entered into agreements regarding current and proposed projects in Snuneymuxw First Nation Territory , including mechanisms on how to work together on an on-going basis . | ||
Sources | 1 | 1 | 1 |
Seaspan Team
11 Team Members
Seaspan has 11 team members, including current President, Bart Reynolds.
Name | Work History | Title | Status |
---|---|---|---|
Bart Reynolds | President | Current | |
Name | Bart Reynolds | ||||
---|---|---|---|---|---|
Work History | |||||
Title | President | ||||
Status | Current |
Compare Seaspan to Competitors

Crowley Maritime is a marine solution, transportation, and logistics company providing services in domestic and international markets through six operating lines of business: Puerto Rico/Caribbean liner services; Latin America liner services; logistics; marine contract solutions; deep-sea petroleum transportation; and petroleum transportation, distribution and sales in Alaska. It was founded in 1892 and is based in Jacksonville, Florida.
SSI operates in the shipbuilding industry. It provides solutions for shipbuilding projects' design, engineering, construction, and maintenance. The company was founded in 1989 and is based in Victoria, Canada.
Fleetway operates as a commercial services company. It offers technical information, logistics, maintenance management, project management, technical training, and more. The company was founded in 1984 and is based in Dartmouth, Canada.
Signet Maritime operates as a marine transportation and logistics services company. The company specializes in cargo handling, towing, and tugboat services, as well as ship management and vessel design. It also offers offshore marine and energy services, harbor tugboat operations, ocean towing, subsea service support, and more. It was founded in 1976 and is based in Houston, Texas.

Flagship Management operates as a recruiting firm. It offers various positions in the maritime and oil and gas industry. The company was founded in 2006 and is based in Delray Beach, Florida.
OutSail Shipping operates as a maritime freight shipping company. It uses wind power to transport maritime freight and operates a shipping line with built-in-house vessels, rigid lifting surfaces, and battery-electric technology. The company was founded in 2022 and is based in Mountain View, California.