Seaspan Acquires First 14000 TEU Boxship

Seaspan Corporation has accepted delivery of a 14000 TEU containership, the Yang Ming Wish.

 

The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's first 14000 TEU SAVER design containership and second delivery in 2015. The Yang Ming Wish will commence a ten-year, fixed-rate time charter with Yang Ming Marine Transport Corp. ("Yang Ming"). Yang Ming may extend the charter for up to an additional two years. The ship is the first of a total of eight 14000 TEU SAVER design vessels to be chartered by Seaspan to Yang Ming. The delivery of the Yang Ming Wish expands the Company's operating fleet to 79 vessels.

Gerry Wang, Chief Executive Officer, Co-Chairman and Co-Founder of Seaspan, commented, "With the addition of the Yang Ming Wish to our fleet, we have achieved another significant milestone in Seaspan's growth, as we continue to meet our customers' demand for large, state-of-the-art containerships. We are pleased to have taken delivery of our first 14000 TEU SAVER design vessel and to have commenced an important commercial relationship with Yang Ming, a leading liner company. We look forward to adding a total of six 14000 TEU SAVER design vessels to Seaspan's fleet in 2015, all of which are chartered to Yang Ming on attractive ten-year fixed-rate time charters."