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International Shipping
Seaspan takes delivery of two 12,000-TEUers on long-term charter
Date:2020-11-26 Readers:
NEW York-listed global asset management company Atlas Corp's wholly owned subsidiary Seaspan Corporation has taken delivery of two high-quality 12,000 TEU containerships built in 2018 which have started long-term time charters with leading global liners.

The acquisitions were previously announced in September 2020 and the two vessels were financed from additional borrowings as well as cash on hand. Seaspan's global fleet consists of 127 vessels and approximately 1.07 million TEU, with total contracted revenue of approximately US$4.4 billion, and a weighted average remaining lease period of four years.

"Our relentless focus on disciplined capital allocation combined with consistent operational excellence has resulted in sustainable growth and scale," said Seaspan chairman, president and CEO Bing Chen.

"Our strong and creative customer partnerships continue to provide unique solutions within the containership trade and distinguish our value-added approach to driving mutually beneficial outcomes for all stakeholders," he said.

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