Independent owner and operator of containerships Seaspan has signed an agreement to purchase two 8,500 twenty-foot equivalent unit (TEU) scrubber-fitted containerships.

The vessels, slated to be delivered in this quarter, will be on long-term charters with an undisclosed global liner.

The company will fund the acquisition from additional borrowings as well as cash on hand.

Seaspan chairman, president and CEO Bing Chen said: “I am extremely proud of our team’s consistent delivery of creative customer partnership in all market conditions.

“Through our broad scale, reliable services and quality solutions, Seaspan continues to develop the win-win solution to our global liner customer to facilitate their business successes in the face of tight supply market dynamics.

“We are confident about the prospect of continued quality growth and value creation for our shareholders throughout the market cycles.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

As of 31 December 2020, the Seaspan fleet comprised 127 vessels and around 1,073,200 TEU. Since then, the company has announced the addition of a total of 597,000 TEU represented by 41 vessels, which include the latest two additions.

Last month, Seaspan signed agreements with a major shipyard for six 15,500 TEU containership newbuilds.

The company also signed deals to acquire another six 15,000 TEU containership newbuilds earlier in the year.

Overall, the new acquisitions are set to increase the Seaspan total fleet capacity to 1,670,200 TEU, on a fully delivered basis.

Seaspan is a wholly owned subsidiary of global asset management company Atlas. The company leases its vessels to major shipping lines with ship management services.