Hong Kong: Seaspan Corporation announced yesterday that it has signed contracts for the construction of four 10,000 teu class newbuilding containerships at Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi Xinfu Shipbuilding. The vessels are scheduled for delivery in 2014 and will be constructed using Seaspan's fuel efficient SAVER design.
Concurrently with executing the newbuilding contracts, Seaspan signed long term, fixed-rate time charters for these vessels with Japan’s Mitsui O.S.K. Lines (MOL).
In connection with this transaction, Seaspan has also agreed to purchase from MOL four 2003-built 4,600 teu class second hand vessels, for delivery in the second half of 2013 and first quarter of 2014, and has signed short-term fixed-rate time charters for these vessels with MOL. [24/01/13]
