Seaspan Receives First SAVER Design Eco-Ship

by Ship & Bunker News Team
Friday March 21, 2014

Ship leasing company Seaspan Corp. [NYSE:SSW] (Seaspan) says it has received its first SAVER-design containership, the Hanjin Buddha.

The 10,000 twenty-foot equivalent unit (TEU) vessel will be leased to Hanjin Shipping Co. Ltd. (Hanjin) on a 10-year, fixed-rate time charter.

Jiangsu New Yangzi Shipbuilding Co. Ltd. built the vessel, which brings Seaspan to a fleet of 72 ships.

"The delivery of the Hanjin Buddha is an important milestone for our Company, as it marks the first SAVER design containership in our fleet and the first Seaspan vessel to be chartered to Hanjin," said CEO Gerry Wang.

"We look forward to adding another four 10000 TEU SAVER design vessels to our operating fleet during 2014, two of which will be chartered to Hanjin.

"We continue to see strong interest from liner companies in our SAVER design and are committed to expanding our fleet and providing leading liner companies with state-of-the-art, fuel efficient containerships."

Wang said recently that the company, which is also having SAVER-design ships built for contract to Mitsui O.S.K. Lines Ltd (MOL), expects customers' focus on fuel saving ships to continue, given the high percentage of operating costs spent on fuel.

Ship & Bunker News Team
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