Seaspan still on buying spree

Image: Seaspan.

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

Atlas Corp-owned, Seaspan Corporation is continuing to expand and has ordered six new 15.000 TEU containerships, the company said in a press release. Seaspan has now announced a total of 31 newbuild orders.

The new vessels are expected to be financed from existing liquidity and some additional borrowing. The company said the latest builds would be entered into with a major shipyard and are anticipated to enter service in 2023.

“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.”

As of September last year, the company’s fleet consisted of 127 vessels and approximately 1,073,000 TEU.

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