HONG KONG, Feb. 5, 2018 /PRNewswire/ - Seaspan Corporation
(NYSE:SSW) announced today that it has purchased two 2006-built
geared 2500 TEU containerships and entered into fixed rate time
charter agreements for the vessels with Maersk Line A/S ("Maersk").
The time charters will be for a term of four years with options for
up to an additional two years at increasing charter rates. Seaspan
took delivery of one of the vessels today and expects to take
delivery of the second vessel by the end of the month. Upon
delivery of both vessels Seaspan's operating and managed fleet,
including newbuilds, will expand to 112 vessels, of which 18
vessels will be in Seaspan's managed fleet.
Bing Chen, President and Chief Executive Officer of Seaspan
said, "We are proud to continue to serve an industry leader like
Maersk. As the reliable solution provider, we have proven our
ability, throughout the industry cycles, to grow our fleet and
expand our relationship with the world's largest liner company.
Seaspan remains focused on providing best in class solutions and
expanding our value-added service offerings to our customers. Given
our solid balance sheet, talented employees and operational
strength we are well positioned to capture growth opportunities in
today's market, and reinforce our industry leading position."
About Seaspan
Seaspan provides many of the world's major shipping lines
with creative outsourcing alternatives to vessel ownership by
offering long-term leases on large, modern containerships combined
with industry leading ship management services. Upon delivery of
the second 2500 TEU vessel, Seaspan's operating and managed
fleet will consist of 112 containerships representing a total
capacity of approximately 900,000 TEU, including 4 newbuilding
containerships on order scheduled for delivery
to Seaspan and third parties by mid-2018. In addition,
Seaspan's operating fleet will increase to 92 vessels with an
average age of approximately six years and average remaining lease
period of approximately five years, on a TEU weighted basis.
Seaspan has the following securities listed on The New York
Stock Exchange:
Symbol:
|
Description:
|
|
|
SSW
|
Class A common
shares
|
SSW PR
D
|
Series D preferred
shares
|
SSW PR
E
|
Series E preferred
shares
|
SSW PR
G
|
Series G preferred
shares
|
SSW PR
H
|
Series H preferred
shares
|
SSWN
|
6.375% senior
unsecured notes due 2019
|
SSWA
|
7.125% senior
unsecured notes due 2027
|
For Investor Relations Inquiries:
Mr. David
Spivak
Chief Financial Officer
Seaspan Corporation
Tel. 604-638-2580
Mr. Michael
Sieffert
Director, Corporate Finance
Seaspan Corporation
Tel. 778-328-6490
For Media Inquiries:
Mr. Leon
Berman
The IGB Group
Tel. 212-477-8438
SOURCE Seaspan Corporation