Hong Kong-based containership operator Seaspan Corporation is splashing approximately USD 367 million in cash to buy a fleet of four containerships.
The ships include four 12,000 TEU vessels, with three built in 2018 and one built in 2017.
The vessels, once delivered, will operate under long-term time charters with an undisclosed global liner, Seaspan said.
The vessel acquisitions are slated for delivery during March and April 2020, subject to customary closing conditions. ?
The purchase is expected to be financed from additional borrowings as well as cash on hand. ?
With the latest purchase, Seaspan’s global fleet will exceed one million TEU at 123 vessels and 1,023,000 TEU, bringing the total contracted revenue to USD 4.6 billion with a weighted average remaining lease period of approximately 4.2 years.
Seaspan has a pro forma market share of approximately 7.9 percent of the global fleet.