Join our crew and become one of the 110,069 members that receive our newsletter.

Seaspan Continues Newbuild Buying Spree

Mike Schuler
Total Views: 2667
March 8, 2021

Seaspan Corporation is continuing its newbuilding spree with an order for six 15,000 TEU containerships.

With the order, Seaspan has now announced 31 newbuild orders, including two 24,000 TEU vessels, and the acquisition of two secondhand 2019-built vessels since December 2020.

The containerships are anticipated to be financed from existing liquidity and additional borrowings.

Seaspan said the latest newbuild agreements were entered into with a major shipyard. Upon delivery in late 2023, the vessels will enter into long-term charters with a global liner.

“With our recently announced 31 newbuilds, it is a strong testament to the trust our customers have in our long-term partnerships,” Bing Chen, Chairman, President and CEO of Seaspan. “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 prove our resiliency and ability to achieve quality growth despite all market challenges and cycles.”

Seaspan Corporation is a wholly owned subsidiary of Atlas Corp. (NYSE: ATCO). As of September 30, 2020, Seaspan’s global fleet consisted of 127 vessels and approximately 1,073,000 TEU.

Tags:

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up
close

JOIN OUR CREW

Maritime and offshore news trusted by our 110,069 members delivered daily straight to your inbox.