Seaspan takes delivery of the first of its 70 new containerships

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Container carrier leasing company Seaspan Corporation has announced the delivery of its first newbuilding containership as part of its massive 70-ship order book.

The new vessel, a 12,200 TEU containership, is the first in a series of five newbuilding containerships in the same class. The company says it will immediately begin an 18-year charter with an undisclosed “major liner customer.”

As we have reported, Seaspan’s newbuilding order book has grown to 70 vessels since November 2020. The vessels, representing 839,000 TEUs, will add more than $11 billion of contracted gross cash flows and bring the fully delivered fleet to 1,959,200 TEUs.

“This delivery marks an important milestone in Seaspan’s continued growth in quality and its unmatched ability to better serve our customers,” said Bing Chen, Chairman, President and CEO of Seaspan. “Being two months ahead of schedule during a global pandemic is a testament to how Seaspan creates value for our customers in today’s vessel-shortage market. I am proud of our team’s supreme execution working within logistical constraints and that our shipyard prioritized its limited resources to facilitate the early delivery of this best-in-class vessel. This further demonstrates the capabilities of our fully integrated platform and our resilient business model within the global logistics market.”

Source gCaptain

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