Seaspan places order with China yard
China’s Yangzijiang Shipbuilding (Holdings) Ltd. said Thursday it has entered into contracts with Seaspan to build seven 10,000-TEU containerships for $700 million.
Seaspan, the world's largest publicly traded lessor of containerships, also has an option to build 18 additional identical ships. If all 25 ships are built, the total value of the contract would be $2.5 billion, said Yangzijiang in a filing with the Singapore Stock Exchange where the Chinese company’s shares are listed.
The first seven ships would be delivered in 2014 and 2015.
The ships will use a fuel efficient and environmentally friendly design that Seaspan has developed.
For more on Seaspan’s newbuilding plans, see the July issue of American Shipper.
Seaspan places order with China yard
