New York-listed Seaspan Corporation said revenues rose to record levels last year after its containership fleet increased to 119 vessels of nearly 1 million teu.

Revenues for the tonnage provider increased 3.2% in 2019 to $1.13bn.

The improvement was due to additional charter business after the $380m takeover of Greater China Intermodal Investments (GCI) in March 2018.

Operating earnings hit a record $687m, while cash flow from operations peaked at $783m, the owner said.