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Seaspan And ZIM Announce Five 7,000 TEU Dual-Fuel LNG Containership Newbuilds

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September 3, 2021

Seaspan today announced that ZIM Integrated Shipping Services (ZIM) has exercised its option to enter into long-term charters of five 7,000 TEU dual-fuel liquefied natural gas containership newbuilds.

ZIM was granted this option because of an agreement to charter ten vessels of the same class announced on July 6th, 2021. Seaspan will now negotiate with a major shipyard to construct the LNG Containerships, which are anticipated to be delivered during the fourth quarter of 2024. The LNG Containerships are anticipated to be financed from existing liquidity, cash flow from operations, and borrowing.

“We continue to implement solutions tailored to our customers’ changing requirements,” said Bing Chen, Chairman, President and CEO of Seaspan. “The advanced design of these vessels demonstrates Seaspan and ZIM’s leadership in ESG initiatives and a more sustainable industry. With strong customer interest in this vessel size, we consider this category to be the natural successor to the aging global fleet of conventional vessels between 4,000 and 9,000 TEU.”

Since December 2020, and including this announcement, Seaspan has announced 60 newbuild vessel orders and the acquisition of four second-hand vessels, all four of which have since been delivered.

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