Seaspan Corporation Expand Their Fleet

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  • Hong Kong-headquartered containership lessor Seaspan Corporation has closed its previously announced purchase of a fleet of six containerships.
  • A press note states that the company’s global fleet now approaches one million TEU, with a total fleet size of approximately 975,000 TEU.
  • Seaspan’s fleet consists of 119 container-ships, including one vessel Seaspan has agreed to purchase.

Seaspan Corporation (SSW) announced the closing of its previously announced purchase of a fleet of six containerships (the “Acquired Vessels“) on February 24, reports Marine Link.

Seaspan works to be the best in containership sector

Bing Chen, President and Chief Executive Officer of Seaspan, commented, “With the acquisition of the six high-quality containerships and approaching 1 million TEU, Seaspan has continued executing on its growth strategy through disciplined capital allocation.”

Leveraging our strong balance sheet and trusted customer partnerships, we are well positioned to grow our market leading position to capture the increasingly attractive opportunities in the containership sector,” he added.

He also said, “As this acquisition demonstrates, Seaspan continues to be well regarded by our customers and financing partners as their reliable solution provider. We remain committed to execute on our top five priorities and strengthen our unique integrated platform.”

Fleet expansion

Seaspan’s global fleet now approaches one million TEU, with a total fleet size of approximately 975,000 TEU.

Seaspan continues to be the market leading independent charter owner and operator of containerships, with a market share of approximately 7.7% of the global fleet, measured by TEU.

Seaspan’s fleet consists of 119 container-ships, including one vessel Seaspan has agreed to purchase.

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Source: Marine Link