Seaspan Corporation announced today that it accepted delivery of an 8500 TEU containership named the COSCO Indonesia from Hyundai Heavy Industries Co., Ltd. on July 5, 2010. This is Seaspan's eleventh delivery in 2010, expanding the Company's operating fleet to 53 vessels.
COSCO Container Lines Co., Ltd. ("COSCON") of China accepted delivery of the COSCO Indonesia on July 5, 2010. The vessel is on charter to COSCON under a twelve-year, fixed-rate time charter. It is the fifth of eight 8500 TEU sister ships and the seventh of a total of eighteen vessels to be chartered by Seaspan to COSCON.
About Seaspan
Seaspan owns containerships and charters them pursuant to primarily long-term fixed-rate charters. Seaspan's contracted fleet of 69 containerships consists of 53 containerships in operation and 16 containerships to be delivered over approximately the next 22 months. Seaspan's operating fleet of 53 vessels has an average age of approximately four years and an average remaining charter period of approximately seven years. All of the 16 vessels to be delivered to Seaspan are already committed to long-term time charters averaging approximately 12 years in duration from delivery. Seaspan's customer base consists of eight of the world's largest liner companies, including China Shipping Container Lines, A.P. Moller-Maersk, Mitsui O.S.K. Lines, Hapag-Lloyd, COSCO Container Lines, K-Line, CSAV, and UASC.
Seaspan's common shares are listed on the New York Stock Exchange under the symbol "SSW".
COSCO Container Lines Co., Ltd. ("COSCON") of China accepted delivery of the COSCO Indonesia on July 5, 2010. The vessel is on charter to COSCON under a twelve-year, fixed-rate time charter. It is the fifth of eight 8500 TEU sister ships and the seventh of a total of eighteen vessels to be chartered by Seaspan to COSCON.
About Seaspan
Seaspan owns containerships and charters them pursuant to primarily long-term fixed-rate charters. Seaspan's contracted fleet of 69 containerships consists of 53 containerships in operation and 16 containerships to be delivered over approximately the next 22 months. Seaspan's operating fleet of 53 vessels has an average age of approximately four years and an average remaining charter period of approximately seven years. All of the 16 vessels to be delivered to Seaspan are already committed to long-term time charters averaging approximately 12 years in duration from delivery. Seaspan's customer base consists of eight of the world's largest liner companies, including China Shipping Container Lines, A.P. Moller-Maersk, Mitsui O.S.K. Lines, Hapag-Lloyd, COSCO Container Lines, K-Line, CSAV, and UASC.
Seaspan's common shares are listed on the New York Stock Exchange under the symbol "SSW".