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March 9, 2021

Seaspan orders six containership newbuilds

Atlas Corporation subsidiary Seaspan has signed agreements with a major shipyard for six 15,000 twenty-foot equivalent unit (TEU) containership newbuilds.

Atlas Corporation subsidiary Seaspan has signed agreements with a major shipyard for six 15,000 twenty-foot equivalent unit (TEU) containership newbuilds.

The deliveries of the new containerships are expected to commence in the fourth quarter of 2023.

Once delivered, the newbuilds will enter long-term charters with an international liner.

The new containerships are expected to be financed from current liquidity and additional borrowings.

Seaspan president and CEO Bing Chen said: “With our recently announced 31 newbuilds, it is a strong testament to the trust our customers have in our long-term partnerships. I am extremely proud of our team who has flawlessly executed these complex projects leveraging our operational excellence and fully integrated platform. I am confident that the relentless focus on our core competencies proves our resiliency and ability to achieve quality growth despite all market challenges and cycles.”

The company said that it is focusing on enhancing its fleet composition, especially its core 10,000 TEU to 15,000 TEU size category.

Last week, Seaspan signed an agreement with a major shipyard for the construction of eight newbuild scrubber-fitted containerships.

The order included four 12,000 TEU and four 15,000 TEU vessels, along with an option for four additional 15,000 TEU vessels of similar build.

The deliveries of the vessels are expected to commence in the second half of 2022 and will continue until the third quarter of 2023.

The newbuilds will be equipped with efficiency and emission reduction technologies.

Seaspan’s global fleet includes nearly 127 containerships with approximately 1,073,000 TEU capacity.

Since December last year, the company has ordered as many as 31 newbuild vessels and acquired two second-hand vessels built in 2019.

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