Containership leasing company Seaspan Corporation has announced the delivery of its first newbuild containership as part of its massive 70-ship-strong orderbook.
The new vessel, a one 12,200 TEU containership, is the first in a series of five newbuild containerships in the same class. The company says it will immediately begin a 18-year charter with an undisclosed “major liner customer.”
As we have reported, Seaspan’s newbuild orderbook has swelled to 70 ships since November 2020. The vessels, representing 839,000 TEU, will add over $11 billion of gross contracted cash flows and bring the fully delivered fleet to 1,959,200 TEU.
“This delivery marks a major milestone in Seaspan’s continuing quality growth and unmatched ability to best serve our customers,” said Bing Chen, Chairman, President and CEO of Seaspan. “About two months ahead of the scheduled delivery during a global pandemic is testament to how Seaspan creates value for our customers in a current vessel shortage market. I’m proud of our team’s supreme execution working with the logistical restrictions and our shipyard’s prioritizing of their limited resources to facilitate early delivery of this best-in-class vessel. This further demonstrates the capabilities of our fully integrated platform and resilient business model within the global logistics market.”
Seaspan Corporation is a wholly owned subsidiary of Atlas Corp. (NYSE: ATCO). The chart below shows Seaspan vessels still on order:
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
Container freight spot rates on the Asia-Europe trades largely returned to pre-Iran conflict levels this week, as container supply chains settled after the war’s outbreak and settled into what appears to be the normal seasonal slowdown.
The refund system set up to allow companies to recover illegally collected tariffs from the U.S. government went live on Monday as thousands of companies rushed to file claims.
The six-week rally in global container freight rates has come to an end, with the latest reading from the Drewry World Container Index (WCI) showing a 3% decline to $2,246 per 40-foot container....
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
