Seaspan Announces Delivery of an Additional Two 12,200 TEU Newbuild Containerships Ahead of Schedule

Photo by Seaspan

Seaspan Corporation (“Seaspan”), a wholly owned subsidiary of Atlas Corp.,¬†announced that it has accepted delivery of an additional two 12,200 TEU containerships. The containerships will immediately begin 18-year charters with a major liner customer. This marks the second and third of five newbuild containerships in this class, the first having been delivered in October, each of which have been delivered approximately two months ahead of schedule.

Bing Chen, Chairman, President and CEO of Seaspan, commented, “These ahead of schedule deliveries further demonstrate Seaspan’s operational excellence in containership design and construction under all market conidtions. Seaspan continues to overdeliver in servicing our customer needs against a backdrop of global undersupply of containerships. I am proud of our team for their consistent performance, and we remain steadfast in executing our quality growth.”

Since November 2020, Seaspan has announced orders for 70 newbuild containerships, representing the addition of 839,000 TEU, which will add over $11 billion of gross contracted cash flows and bring the fully delivered fleet to 1,959,200 TEU. The chart below summarizes the current status of this newbuild program:


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