Vancouver-based Seaspan Corporation has reported that it has acquired two 13,000TEU ships for around US$146 million. These vessels will both immediately go out on long term charters.
Seaspan Corporation, which is a wholly owned subsidiary of the New York Stock Exchange listed Atlas Corporation, said it expects to finance the tonnage through additional borrowing and with cash currently in hand.
The company will take delivery of the 2010 and 2011 built ships in the third quarter “subject to customary closing conditions”.
“The transaction is expected to be immediately accretive to Atlas’ earnings per diluted share and increase long-term contracted revenue by over US$150 million,” Seaspan Corp said.
Following the latest acquisitions, Seaspan’s global fleet will consist of 125 vessels with an aggregated capacity of around 1,049,000TEU, with total contracted revenue of approximately US$4.5 billion.
Bing Chen, Seaspan chairman, president and CEO, commented, “Despite the extreme market conditions, we will have successfully acquired a total of 13 high-quality vessels backed by long-term charters with three different leading global liners over the past year and during the height of Covid-19.”
