October 8, 2003

Seaspan Containerlines orders 9,500 TEU box ships

Washington Marine Group's Seaspan Container Lines confirms that it has ordered up to eight (4 +4) 9,500 TEU containerships from South Korea's Samsung Heavy Industries. The ships will be long term chartered to China Shipping Group.

The price is understood to be $90 million per ship, with the first four vessels planned for delivery in the second part of 2006 and the second four planned for delivery in 2007.

Propulsion each ship will be by a 93,600 hp MAN B&W 12K98MC C diesel engine.

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