Seaspan orders 14,000-TEU ships

Markets

Wednesday, January 16, 2013

Seaspan Corp. said Wednesday it signed contracts for the construction of five 14,000-TEU class containerships at Hyundai Heavy Industries. The vessels are scheduled for delivery in 2015 and will be constructed using Seaspan's fuel efficient SAVER design. Concurrently with executing the newbuilding contracts, Seaspan signed 10-year, fixed-rate time charters for the vessels with Yang Ming Marine Transport Corp. After the initial 10-year charter periods, Yang Ming may ex...

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