Seaspan says ‘yes’ to LNG-fuelled vessels

The company is making its ‘first LNG-powered investment’ with an order for 10 15,000 TEU dual-fuelled LNG containerships, which will go on long-term charter to ZIM.

The name of the shipyard that will build the vessels has not been disclosed, but deliveries are scheduled to begin in H1 2023. ZIM is taking the vessels on 12-year charters and they will operate on its Asia – US East Coast trade.

Seaspan’s Chairman, President and CEO, Bing Chen, commented on the company’s decision to opt for LNG-fuelled tonnage: ‘Our commitment to ESG principles, carbon reduction, and developing our fleet through increasingly environmental-friendly technologies is signified by our first LNG-powered investment.

‘We are expanding the scope of our customer solutions by elevating our focus on lowering the impact of emissions, which will result from the adoption and addition of LNG-powered vessels to our fleet.’

He continued: ‘As we have executed sustainability-linked financing which parallels this fleet expansion, we are resolved to contribute to a greener business community in the future.

Since December 2020, and including the LNG containerships announced today, Seaspan has ordered 17 newbuild vessels, including five 12,200 TEU and two 24,000 TEU ships. Today’s order adds a further 259,000 TEU capacity to Seaspan’s fleet.

Related reading: Seaspan announces pricing of $200 million sustainability-linked bond issue

Lesley Bankes-Hughes

Lesley Bankes-Hughes