Seaspan Buys 9600 TEU Boxship

September 10, 2019

Hong Kong-headquartered containership management and ownership company Seaspan Corporation announced that it has purchased a 2010-built 9600 TEU containership and entered into a fixed rate time charter agreement for the vessel with Ocean Network Express (ONE).

The time charter will be for a term of 36 months with an option for up to an additional four months, said the charter owner and operator of containerships.

Seaspan expects to take delivery of the vessel by the end of April 2020, said a statement.

Upon delivery of the vessel, Seaspan's fleet will expand to 113 vessels. Seaspan's operating fleet has now a total capacity of more than 900,000 TEU, an average age of approximately seven years and an average remaining lease period of approximately four years, on a TEU-weighted basis.

Meanwhile, the company had informed that its vessel utilization increased for the three and six months ended June 30, 2019, compared with the same period in 2018. The increase for the six months ended June 30, 2019 was primarily due to a decrease in the number of unscheduled off-hire days and scheduled off-hire days for dry-docking.

During the six months ended June 30, 2019, Seaspan completed dry-docking for one 10000 TEU vessel, one 9600 TEU vessel, two 5100 TEU vessels, one 4250 TEU vessel, and one 2500 TEU vessel.

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