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Seaspan splashes $146m on 13,000 teu boxship pair

Seaspan Corporation has sealed an agreement to acquire a pair of 13,000 teu containerships for around $146m in cash. 

The two vessels, built in 2010 and 2011, are scheduled for delivery during the third quarter of this year and are already on long-term charters with contracted revenue of over $150m.

The acquisition will take Seaspan’s fleet to 125 vessels and around 1.049m teu.

Bing Chen, chairman, president and CEO of Seaspan, commented: “I am extremely proud of our team’s consistent discipline and execution during this unprecedented time. Despite the extreme market conditions, we will have successfully acquired a total of 13 high-quality vessels backed by long-term charters with three different leading global liners over the past year and during the height of Covid-19. This is a true testament to our resilient business model and best-in-class integrated platform, as well as the committed and creative partnerships with our liner customers who trust us as their scalable, reliable, long-term solutions provider.”

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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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