Canadian containership operator Seaspan Corporation has announced the acquisition of a fleet of six containerships for a total price of $380m.
The deal include three three 2012-built 10,700 teu vessels, two 2013-built 9,200 teu vessels, and one 2014-built 9,200 teu vessel, which are all operate under long-term charter with a global liner.
According to Seaspan, the acquisition will bring the company’s global fleet to 119 vessels with capacity of 975,000 teu.
The purchase is expected to be financed from both borrowing and cash on hand, and is scheduled to be completed in December.
“This strategic transaction further demonstrates our core competency of allocating capital in a disciplined manner. Connecting this discipline with creative customer partnerships and proven operational excellence generates sustainable long-term value,” said Bing Chen, president and CEO of Seaspan.
“I’m proud of the Seaspan team for consistently leveraging our core competency in creating quality growth in container shipping and beyond. As consolidation continues to play out in the containership space, we’re well positioned to capture great opportunities in the second hand market and to pursue attractive new build programs,” Chen added.