Seaspan orders another six containerships

Written by Marine Log Staff
Bing Chen, Chairman, President & CEO of Seaspan Corporation

Bing Chen, Chairman, President and CEO of Seaspan.

Continuing its buying binge, containership leasing giant Seaspan Corporation, a wholly owned subsidiary of Atlas Corp.(NYSE: ATCO), reports that it has entered into an agreement with a major shipyard for six 15,000 TEU modern newbuild containerships with anticipated deliveries beginning late in the first quarter and extending through the end of the second quarter of 2024. The vessels will be scrubber-fitted and on delivery will enter long-term charters with a leading global liner customer.

Since December 2020 and including this announcement, Seaspan has announced 45 newbuild orders and the acquisition of four second-hand vessels, two of which have since been delivered.

“Our customers continue to recognize the added value of our fully-integrated platform,” said Bing Chen, Chairman, President and CEO of Seaspan. “This order further highlights of our differentiated services, operational excellence, and ability to implement solutions tailored to our customer’s changing requirements.”

The vessels are anticipated to be financed from additional borrowings as well as cash on hand. Seaspan says that with these vessels it will continue to expand its fleet within core strategic size segments.

Categories: Markets, News, Shipping Tags: , , , ,