Seaspan adds another 10,000 TEU containership

The following is the text of a news release from Seaspan Corp.:

(HONG KONG) (Nov. 12) — Seaspan Corp. announced today that it accepted delivery of a 10,000 TEU containership, MOL Breeze. The new containership, which was constructed at Jiangsu New Yangzi Shipbuilding Co. Ltd., is Seaspan's sixth 10,000 TEU SAVER design containership delivered in 2014. This is the ninth 10,000 TEU vessel using Seaspan's fuel-efficient SAVER design constructed at Yangzijiang.

MOL Breeze will commence an eight-year, fixed-rate time charter with Mitsui O.S.K. Lines Ltd. (MOL). The ship is the third of a total of five 10,000 TEU SAVER design vessels, and the ninth of a total of 11 vessels, to be chartered by Seaspan to MOL. The delivery of MOL Breeze expands the company's operating fleet to 77 vessels.

About Seaspan

Seaspan provides many of the world's major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services. Seaspan's managed fleet consists of 109 containerships representing a total capacity of over 840,000 TEU, including 27 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2016. Seaspan's current operating fleet of 77 vessels has an average age of approximately seven years and an average remaining lease period of approximately five years.

By Professional Mariner Staff