Seaspan commissions two 24,000-TEU ships

Seaspan Corporation has commissioned two 24,000 TEU ultra-modern newbuild container ships for delivery in the first half of 2023.

Both vessels will enter 18-year charters with a major global liner customer.

Powered by conventional fuel, the ships will incorporate industry-leading emissions reduction technologies.

In December 2020, Seaspan announced an agreement for five newbuild 12,200-TEU vessels which, together with the two 24,000-TEU vessels, will add new capacity of 109,000 TEU to the fleet over the next two years. These vessels will bolster Seaspan’s core 9,000 to 15,000 TEU size category and add a new ultra-large offering.

As of September 30, 2020, Seaspan’s global fleet consisted of 127 vessels and approximately 1,073,000 TEU. Contracted revenue from the fleet is approximately US$4.1 billion, and the existing ships have average remaining lease period of approximately four years.

“With newbuild slots scarce in today’s market, we have been consistently meeting our liner customers’ needs,” said Bing Chen, chairman, president and CEO of Seaspan.

“Upon their completion, these seven newbuild vessels are scheduled to consistently add to our fleet beginning late this year and extending through 2023.”

Seaspan is  a wholly owned subsidiary of Atlas Corp. It is an independent owner and operator of containerships, which charters  vessels primarily through to long-term, fixed-rate, time charters to the world’s largest container shipping lines.