Seaspan Corporation (Seaspan) has entered into an agreement to acquire two 15,000TEU scrubber-fitted container ships on long-term charter with a global liner.
[s2If is_user_logged_in()]The vessels, which were built in 2019 and are expected to be delivered late in the second quarter of the year, feature industry-leading efficiency and emissions reduction technologies, according to a company statement.
“This transaction further demonstrates our consistent quality growth through our creative customer partnerships despite the market cycles,” commented Bing Chen, chairman, president and CEO of Seaspan.
Atlas Corporation-owned shipowner, Seaspan noted in its announcement that the two boxships are expected to be financed from additional borrowings as well as cash in hand.
As of 30 September 2020, Seaspan’s global fleet consisted of 127 vessels aggregating approximately 1,073,000TEU, with total contracted revenue of approximately US$4.1 billion, and a weighted average remaining lease period of approximately four years.
Since December 2020, and with the agreement for the two vessels, the company has announced 17 newbuild vessels, including five 12,200TEU, two 24,000TEU, and ten 15,000TEU dual-fuel LNG ships, which will add significant new capacity of 289,000TEU to its fleet.
With these transactions, Seaspan will add 17 vessels to its core 9,000 to 15,000TEU size category, as well as add two inaugural vessels in the ultra-large 24,000TEU segment.
“The additions of these high-quality vessels also extend our long-term contracted revenue profile,” added Bing Chen, who went on to say, “Together with our recent large number of upcoming newbuilds, we continue to consistently drive quality growth while further differentiating our fully-integrated service offerings and resiliency of our business model.”
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