Hong Kong-based container lessor Seaspan has signed contracts for the construction of four 10,000 20-foot-equivalent unit container ships at Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi Xinfu Shipbuilding.
The vessels are scheduled for delivery in 2014.
Seaspan signed long-term, fixed-rate time charters for these vessels with Mitsui O.S.K. Lines. In connection with this transaction, Seaspan has also agreed to purchase from MOL four 2003-built 4,600-TEU class secondhand vessels, for delivery in the second half of 2013 and the first quarter of 2014, and has signed short-term, fixed-rate time charters for these vessels with MOL.