Seaspan Corp.

Seaspan Corporation (“Seaspan”), a wholly-owned subsidiary of Atlas Corp. (“Atlas”), secured the last of its financings for its full 70 vessel newbuild program, including three vessels recently delivered (the “Newbuild Program”). The proceeds from these financings total approximately $6.9 billion and will be drawn throughout the construction of the Newbuild Program to fund a total investment of approximately $7.6 billion.

Graham Talbot, CFO of Atlas and Seaspan, commented, “We have now concluded...

https://www.marineinsight.com/shipping-news/seaspans-70-vessel-newbuild-program-achieves-total-investment-of-7-6-billion/

Seaspan Corporation (“Seaspan”), a wholly owned subsidiary of Atlas Corp. (“Atlas”), has entered into an agreement with a major shipyard for ten 7,000 TEU modern newbuild containerships (the “Vessels”). The Vessels, which are scrubber-fitted, are anticipated to begin deliveries in the second quarter and through to the fourth quarter of 2024.

Upon completion, the Vessels will enter long-term charters with a leading global liner customer. Seaspan expects the Vessels to generate $1.4 billion of...

https://www.marineinsight.com/shipping-news/seaspan-orders-ten-scrubber-fitted-newbuild-7000-teu-container-ships/

Seaspan Corporation (“Seaspan”), a wholly owned subsidiary of Atlas Corp. (“Atlas”), has entered into a note purchase agreement to issue, in a private placement (the “Private Placement”), $500 million principal amount of fixed rate, sustainability-linked senior secured notes (the “Notes”), of which $450 million principal amount was issued and sold on Friday, May 21, 2021 and $50 million is expected to be issued and sold on August 12, 2021, subject to customary closing conditions.

The Private...

https://www.marineinsight.com/shipping-news/seaspan-completes-largest-sustainability-linked-us-private-placement-upsizes-2-5-billion-portfolio-financing-program/

Seaspan Corporation, a wholly owned subsidiary of Atlas Corp., has accepted delivery of two quality 8,500 TEU scrubber-fitted containerships (“the Vessels”) on long-term charter with a global liner.

Representation Image – Credits: seaspancorp.com

Bing Chen, Chairman, President and CEO of Seaspan, commented, “Our creative customer partnership, executional expertise and operational excellence continue to drive quality growth as we provide market leading solutions to our customers. Global liners...

https://www.marineinsight.com/shipping-news/seaspan-receives-delivery-of-two-8500-teu-containerships-on-long-term-charter/

Seaspan Corporation (“Seaspan”), a wholly-owned subsidiary of Atlas Corp. (“Atlas”), has entered into an agreement to acquire two young, high-quality 15,000 TEU scrubber-fitted containerships (“the Vessels”) on a long-term charter with a long-standing global liner customer.

Representation Image – Credits: seaspancorp.com

The Vessels, built-in 2019, feature industry-leading efficiency and emissions reduction technologies and are anticipated to be delivered late in the second quarter of 2021.

Bing...

https://www.marineinsight.com/shipping-news/seaspans-growth-continues-acquires-two-15000-teu-containerships-on-long-term-charters/

Seaspan Corporation (“Seaspan”), a wholly-owned subsidiary of Atlas Corp. (“Atlas”), announced that it has entered into purchase orders to build five high-quality 12,200 TEU containerships. Upon completion and delivery, all five vessels will commence long-term charters with a leading global liner company and are subject to vessel purchase obligations at the conclusion of the charters.

The newbuild vessels are to be financed from additional borrowings as well as cash on hand. This transaction is...

https://www.marineinsight.com/shipping-news/seaspan-enters-newbuild-containership-order-for-five-12200-teu-containerships/

Seaspan Corporation (“Seaspan”), a wholly-owned subsidiary of Atlas Corp. (“Atlas”), announced it has taken delivery of the last of four high-quality, eco-modern vessels (the “Acquired Vessels”), which have each commenced five-year time charters with a leading global liner.

The Acquired Vessels are comprised of four 12,000 TEU vessels, with three built-in 2018 and one built-in 2017. Seaspan’s global fleet now consists of 123 vessels representing the total capacity of 1,023,000 TEU. Seaspan...

https://www.marineinsight.com/shipping-news/seaspan-takes-delivery-and-deploys-four-eco-modern-vessels-on-long-term-time-charters/