HONG KONG, May 11, 2018 /PRNewswire/ - Seaspan Corporation
(NYSE:SSW) announced today that it has accepted delivery of the CMA
CGM Cochin, a 10000 TEU containership that will commence a fixed
rate time charter with CMA CGM S.A. ("CMA CGM") for a three year
term with an option to extend for an additional three years.
The new containership, which was constructed at Jiangsu Yangzi
Xinfu Shipbuilding Co., Ltd. and Jiangsu New Yangzi Shipbuilding
Co., Ltd., is the second in a series of four 10000 TEU vessels
under time charter to CMA CGM that are scheduled to deliver in the
first half of 2018.
About Seaspan
Seaspan provides many of the world's major container
shipping liners with alternatives to vessel ownership by offering
long-term leases on large, modern containerships combined with
industry-leading ship management services. Seaspan's operating
fleet, including 2 newbuilding containerships on order scheduled
for delivery to Seaspan by mid-2018, consists of 112
containerships representing a total capacity of over 900,000 TEU.
Excluding newbuilds, Seaspan's operating fleet of 110 vessels has
an average age of approximately 5 years and an average remaining
lease period of approximately 5 years, on a TEU weighted
basis.
Seaspan has the following securities listed on The New York
Stock Exchange:
Symbol:
|
Description:
|
SSW
|
Class A common
shares
|
SSW PR
D
|
Series D preferred
shares
|
SSW PR
E
|
Series E preferred
shares
|
SSW PR
G
|
Series G preferred
shares
|
SSW PR
H
|
Series H preferred
shares
|
SSWN
|
6.375% senior
unsecured notes due 2019
|
SSWA
|
7.125% senior
unsecured notes due 2027
|
For Investor Relations Inquiries:
Mr. Michael
Sieffert
Director, Corporate Finance
Seaspan Corporation
Tel. 778-328-6490
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SOURCE Seaspan Corporation