Seaspan Corporation Accepts Delivery of Fifth TEU SAVER Containership

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Seaspan Corporation announced today that it has accepted delivery of the MSC Yashi B, an 11000 TEU containership that will commence a bareboat charter with MSC Mediterranean Shipping Company S.A. for a period of seventeen years. Upon completion of the bareboat charter period, MSC is obligated to purchase the vessel for a pre-determined amount.

The MSC Yashi B, which was constructed at HHIC-PHIL INC., is Seaspan’s fifth 11000 TEU SAVER design containership in a series of five ships under bareboat charter to MSC. This is Seaspan’s first vessel delivery in 2018, expanding Seaspan’s operating fleet to 90 vessels.

Seaspan’s managed fleet consists of 110 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 the end of 2018. Seaspan’s current operating fleet of 90 vessels has an average age of approximately six years and average remaining lease period of approximately five years, on a TEU weighted basis.

Sea News, January 5