Seaspan Books SAVER Quartet

New York-listed Seaspan Corporation has exercised options for the construction of four 10,000 TEU class containerships at Jiangsu New Yangzi Shipbuilding Co., Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd.

The vessels are scheduled for delivery in 2016 and will be constructed using Seaspan’s fuel-efficient SAVER design.

Seaspan expects to sign long-term time charters for these vessels with one of the major container liner companies in the near future. These vessels remain subject to allocation in relation to Seaspan’s right of first refusal agreement with Greater China Intermodal Investments LLC, an investment vehicle established by Seaspan, an affiliate of global alternative asset manager The Carlyle Group, and Blue Water Commerce, LLC.

The company’s managed fleet consists of 109 containerships representing a total capacity of over 840,000 TEU, including 35 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2016.

Seaspan’s current operating fleet of 72 vessels has an average age of approximately seven years and an average remaining lease period of approximately five years.

 

seaspan, April 1, 2014

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