Inside Logistics

Seaspan commissions six 15,000-TEU containerships

Charter provider adding 487,000 TEUs capacity with 31 new Ultra Large ships


March 10, 2021
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Seaspan Corporation has contracted with a major shipyard for six 15,000 TEU containership newbuilds. Deliveries will begin in the fourth quarter of 2023, and will enter long-term charters with an unnamed global liner company.

Since December 2020 and including this announcement, Seaspan has announced 31 newbuild orders and the acquisition of two second-hand vessels built in 2019. It continues to focus on the 10,000- to 15,000-TEU size category. Ships over 10,000 TEUs are classified as Ultra Large Container Ships (ULCS).

The newbuild program will bring additional capacity of 487,000 TEUs onto the market. The breakdown of ships ordered is as follows:

  • Four at 12,000 TEU
  • Five at 12,200 TEU
  • 10 at 15,000 TEU
  • 10 at 15,000 TEU, LNG powered
  • Two at 24,000 TEU

“With our recently announced 31 newbuilds, it is a strong testament to the trust our customers have in our long-term partnerships,” said 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 is a wholly owned subsidiary of Atlas Corp. a global asset management company.

Seaspan is an independent owner and operator of containerships which charters vessels primarily under to long-term, fixed-rate, time charters to the world’s largest container shipping liners. As of September 30, 2020, Seaspan’s fleet consists of 127 containerships, representing total capacity of approximately 1,073,000 TEU.