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Seaspan continues rapid expansion with order for eight boxships

Seaspan Corporation has announced another newbuild shopping spree, this time for a total of eight boxships.

Seaspan has ordered four 12,000 teu and four 15,000 teu vessels at an unnamed shipyard, and has an option for an additional four 15,000 teu vessels. The vessels are all attached to long-term charters with major lines when delivered, beginning in the second half of 2022 and extending through to the third quarter of 2023.

The order is the fourth in three months for Seaspan, having ordered five 12,200 teu boxships in December as well as a pair of 24,000 teu boxships last month followed by another ten 15,000 teu ships for charters with Zim. In addition to the 25 ships ordered since December, Seaspan has a further two 15,000 teu boxships set to deliver from Singapore’s Eastern Pacific, attached to charters with CMA CGM.

Bing Chen, chairman, president and CEO of Seaspan, commented, “We continue to accelerate quality growth leveraging our industry-leading scalable and fully integrated platform, while strengthening our robust balance sheet and creative customer partnerships.”

Seaspan’s fleet currently sits at 127 vessels with a total capacity of 1.073m teu.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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