Leasing company says it has secured forward fixed charter contracts for an additional 10 containerships.
Boxship leasing company, Seaspan, has announced that is has secured another 10 forward fixed charters with a major liner company. It now has a total of 58 ships on forward fixed contracts.
The 10 vessels will give the company another 100,000 TEU capacity and will generate an expected $670m of cash flow.
“We are pleased to facilitate our customer’s requirements by forward fixing another ten 10,000 TEU vessels, bringing the total forward fixed vessels to 58 in 2021,” said Bing Chen, Chairman, President and CEO of Seaspan.
“We continue to leverage our differentiated business model to provide creative customer solutions by forward fixing operating vessels and building new vessels. Seaspan now has no fleet roll-offs in 2021, and a limited number in 2022, 2023, and 2024, which insulates us from future market volatility while continuing to grow long-term quality cash flow through all market cycles.”
Seaspan’s operating fleet currently consists of 131 vessels representing 1,120,200 TEU. It also has 55 vessels under construction which will increase its total capacity to 1,854,200 TEU.