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Seaspan's 70-ship Newbuild Program Fully Financed with $1.4 Billion Deal
Containership giant Seaspan Corporation announced on Wednesday that it now has financing lined up for its entire 70-vessel newbuild program.With the completion of the latest $1.4 billion deal in December, Seaspan said its financing proceeds are approximately $6.9 billion.Seaspan, a subsidiary of Atlas Corp, said the $1.4 billion will be used to finance ten 15,000 TEU LNG dual-fuel newbuilds, the last of its recent $7.6 billion containership ordering spree…
Two 12,200 TEU Newbuilds Delivered to Seaspan
The world's largest containership lessor Seaspan Corporation said it has taken delivery of two 12,200 TEU newbuilds. The vessels will immediately begin 18-year charters with an unnamed "major liner customer".The new ships are the second and third of five newbuild containerships in this class, the first having been delivered in October. Each has been delivered approximately two months ahead of schedule…
MAN ME-GI Engines Ordered for 10 Seaspan Box Ships
Yangzijiang Shipbuilding Group has ordered 10 MAN B&W 7G80ME-C10.5-GI engines in connection with the construction of 10 7,000-teu containerships for Seaspan Corporation, the world's largest, independent container vessel owner.The contract includes an option for five further vessels. Engine delivery is scheduled from October 2023 to 2024; Seaspan has already chartered the ships on long-term contracts.Upon completion…
Seaspan Ferries to Run Its Vessels on Renewable Natural Gas
This week, Seaspan Ferries Corporation became the first Canadian marine company to pilot the use of renewable natural gas (RNG) to reduce greenhouse gas emissions produced by its roll-on, roll-off liquefied natural gas (LNG) powered marine fleet. Seaspan expects that data from the pilot will confirm that, by using RNG, greenhouse gas emissions can be reduced by upwards of 85% versus traditional diesel fuel.Seaspan has worked closely with FortisBC Energy Inc.
First of 70 New Containerships Delivered to Seaspan
The world's largest container shipping lessor Seaspan Corporation announced on Monday that it has accepted delivery of a new containership that will immediately begin an 18-year charter with a "major liner customer". The vessel is the first in a series of five 12,200 TEU newbuilds and the lead ship of 70 newbuilds announced by Seaspan."This delivery marks a major milestone in Seaspan's continuing quality growth and unmatched ability to best serve our customers…
CADMATIC Expands in Canada
Finland-based CADMATIC said it is expanding its presence in Canada to support Seaspan Shipyards and to drive business development in the North American region. A local Canadian business entity, CADMATIC INC. has been set up in Vancouver and the recruitment of employees has started.The first employee for local customer services has already been hired. For the immediate future, CADMATIC plans to recruit more hull and outfitting application specialists…
Supply Chain Shocks: Ocean Shipping Challenges Abound
Supply chain issues tied to liner shipping have been front page news throughout 2021; just about everyone agrees that there’s a problem. The underlying cause is right out of Economics 101: a surge in demand for moving containerized cargo, in the face of “inelastic” throughput capacity (which includes vessels and their landside interfaces to surface transportation, trucks and rail) that could not handle the swell…
ZIM Opts for Five More LNG-fueled Containerships
Israeli container shipping company ZIM Integrated Shipping Services Ltd announced on Wednesday that it has exercised its option to long-term charter five additional 7,000 TEU liquefied natural gas (LNG) dual-fuel newbuilds from containership lessor Seaspan Corporation.Under the initial deal announced in July, ZIM has already entered into long-term charter agreements for ten 7,000 TEU LNG vessels scheduled to be delivered from the fourth quarter of 2023 into 2024.
Seaspan Shipyards Aims to Grow Diverse Tech Talent Pool
Canadian shipbuilder Seaspan Shipyards announced it is collaborating with BC Tech to support the association’s Digital Lift program aiming to provide skilled individuals, including those from under-represented groups, with reskilling and hands-on internship experiences.Seaspan said its three-year, $75,000 investment in BC Tech’s Digital Lift program will help grow and diversify the pool of tech talent in BC to meet the rising demand for technology skills across multiple sectors…
SCHOTTEL Inks Pacific Northwest Service Deals
SCHOTTEL Inc (USA) and SCHOTTEL Canada Inc have entered into a cooperative agreement with two Canadian West Coast marine industry companies to support the increasing local fleet of SCHOTTEL-propelled vessels. In the agreement, Seaspan Vancouver Drydock, based in North Vancouver, will act as a service and support center while McRae Electric, based in Burnaby, will be electric and controls service provider.Since the establishment of SCHOTTEL Canada Inc in 2016…
Seaspan Forward Fixes Five-year Contracts for 10 Containerships
Seaspan Corporation announced it has forward fixed contracts for 10 containerships with a "major liner customer", bringing the company's total 2021 forward fixtures to 58 vessels, or approximately 50% of its time chartered fleet.The vessels, representing approximately 100,000 TEU in aggregate, were previously scheduled to have four charters expire in 2022, four charters expire in 2023, and two charters expire in 2024, Seaspan said.
Schottel Propulsion for Five Turkish-built, Canada-bound Tugs
German propulsion firm Schottel has secured an order to deliver a total of ten rudder propellers and two transverse thrusters for five tugs that will serve the LNG carriers stopping at an LNG export facility in Canada.Schottel's equipment will be installed on two LNG-fuelled escort tugs, as well as in three battery-powered harbor tugs. Ordered by Canadian HaiSea Marine, a partnership between the Haisla Nation and Seaspan ULC…
GTT Tanks for Korean-built LNG Carrier Duo
French engineering company GTT has won orders from South Korean shipyards Hyundai Samho Heavy Industries (HSHI) and Daewoo Shipbuilding & Marine Engineering (DSME) to design tanks for two new LNG carriers.GTT will design the tanks of the vessels which will each offer a cargo capacity of 174,000 m3. The company did not share any info on the value of the order.The LNG carrier built by HSHI, for an unnamed "Liberia ship-owner…
GTT to Design Fuel Tanks for Seaspan's LNG-powered Containership Quintet
French firm GTT has secured an order from the South Korean shipbuilder Samsung Heavy Industries (SHI) to design fuel tanks for five very large LNG-fuelled container vessels, to be built by SHI for the containership giant Seaspan.The vessels, to be chartered by Israeli firm ZIM, will be able to carry 15,000 containers each. The fuel tank of each vessel will offer a capacity of 12,000 m3 and will be fitted with the Mark III membrane containment system.
Seaspan Orders 10 More Box Ships for Charter to Zim
Seaspan Corporation on Tuesday announced it has entered into long-term charters with Zim Integrated Shipping Services for 10 dual-fuel liquefied natural gas (LNG) containership newbuilds, extending the containership lessor's newbuild ordering spree amid continued high demand and vessel shortages.The "ultra-modern" 7,000 TEU vessels will be built by a "major shipyard" for an aggregate purchase price of approximately $1.05 billion…
Seaspan Continues Containership Ordering Spree
Container shipping company Seaspan Corporation announced on Monday it has ordered another six containerships, growing the number of vessels it has on order to 45 amid continued heightened shipping demand and vessel shortages in the box shipping market.Seaspan said the six scrubber-fitted 15,000 TEU vessels will be built by a "major shipyard" and are expected to be delivered in the first and second quarters of 2024.Upon completion…
Seaspan Orders Two More Containerships
Container shipping company Seaspan announced on Wednesday it has ordered another two vessels, increasing the number of ships it has on order to 39 amid continued heightened shipping demand and vessel shortages. Seaspan said the two 12,000 TEU containerships will be built by a "major shipyard" and are expected to be delivered during the fourth quarter of 2022.The newbuilds will enter service under long-term charters with a global liner…
Wärtsilä Tapped to Power BC's RAL-designed Escort Tugs
Wärtsilä was tapped to supply the main engines and liquefied natural gas (LNG) fuel gas supply systems for two new LNG-fueled escort tugs being built for Canada’s HaiSea Marine, a joint venture between the Haisla Nation and Seaspan Marine Transportation. Designed by Robert Allan Ltd., the vessels are under construction at Sanmar Shipyards in Turkey. They are expected to be two of the most environmentally advanced escort tugs operating in the coastal waters of British Columbia in Canada.
Seaspan Shipyards Invests in Indigenous Marine Skills Training
Canadian shipbuilder Seaspan Shipyards announced it is investing $1.35 million to increase training and apprenticeship opportunities for Indigenous students aged 19 through 30 interested in building a career in the trades, including in the growing shipbuilding and marine sector. The three-year investment is being made in the Aboriginal Community Career Employment Services Society (ACCESS), a non-profit…
USA Sliding Doors Chosen for Canada’s Joint Support Ships
AdvanTec Marine said its USA Sliding Doors division has been awarded a contract from Seaspan Shipyards to supply Fire-Rated, Class II and III Watertight doors for both Joint Support Ships (JSS) that Seaspan is building for the Royal Canadian Navy under Canada’s National Shipbuilding Strategy.The order includes USA-1005 Cargo Doors and the USA-1003 Personnel Doors. Both models have remote (wheelhouse) and local controls, both electric, while the drive system is electro-hydraulic.
