Bing Chen

Seaspan Corporation gets into the PCTC sector, big time

The world’s largest lessor of containerships, Vancouver, B.C., based Seaspan Corporation, is getting into the Pure Car and Truck Carrier (PCTC) sector. It has signed an agreement with China’s Shanghai Waigaoqiao Shipbuilding, covering the construction of six 10,800 CEU (car equivalent unit) capacity PCTCs, with options for four additional ships. According to Seaspan, they are largest car carriers under development to date, (by comparison, Höegh Autoliners’ Aurora Class vessels will have a 9,100...

https://www.marinelog.com/legal/shipping/seaspan-corporation-gets-into-the-pctc-sector-big-time/

Zim in second LNG dual-fuel box ship deal with Seaspan

Containership leasing giant Seaspan Corporation, a wholly owned subsidiary of Atlas Corp. (“Atlas”) (NYSE:ATCO),, today reported that it has entered into long-term charters with Haifa, Israel , headquartered ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) relating to ten ultra-modern 7,000 TEU dual-fuel liquefied natural gas (LNG) containership newbuilds. This latest charter is additional to the agreement for the charter of ten 15,000 TEU LNG dual fuel containerships announced by the two...

https://www.marinelog.com/shipping/markets/zim-in-second-lng-dual-fuel-box-ship-deal-with-seaspan/

Seaspan Corporation orders eight newbuild box ships

Containership leasing giant Seaspan Corporation, a wholly owned subsidiary of Atlas Corp. (NYSE: ATCO), reports that it has entered into an agreement with a major shipyard for the construction of eight newbuild scrubber-fitted containerships.

The transaction includes firm orders for four 12,000 TEU and four 15,000 TEU vessels plus an option for four additional 15,000 TEU vessels of similar build.

On completion, the vessels will enter long-term charters with a long-standing major liner Seaspan...

https://www.marinelog.com/news/seaspan-corporation-orders-eight-newbuild-box-ships/

On the wires: Seaspan & Costamare – shifting trades

“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.” – Seaspan (SSW) president and CEO Bing Chen, 24 January 2020. 
After a couple of rather solid...

https://theloadstar.com/jo-1-of-2-la-time-mon-ssw/

Supply chain radar: Boom! Fearless Seaspan hits three-year high – investors love it again

If you missed a key release from Hong Kong’s Seaspan (SSW) two weeks ago it doesn’t really matter, its efforts are only now bearing fruit on multiple levels.
Either way, here’s a recap of the latest events and what they mean for the world’s largest non-operating shipowner, and its investors.
Reorganisation
It said on 21 November that its board of directors had approved the implementation “of a holding company reorganisation (the “proposed reorganisation”), to create …

The post Supply chain...

https://theloadstar.com/supply-chain-radar-boom-fearless-seaspan-hits-three-year-high-investors-love-it-again/