Seaspan, a unit of Atlas Corp, has secured a $1.4 billion financing deal to fund its ten LNG dual-fuel newbuild containerships.
The Hong Kong-based container vessel owner said in a statement that on December 23, it had secured the last of its financings for its full 70 vessel newbuild program.
Moreover, the proceeds from these financings total some $6.9 billion. Seaspan said it would draw the cash throughout construction of the newbuild program to fund a total investment of about $7.6 billion.
The proceeds from the last financing total some $1.4 billion and will go towards financing of ten 15,000 TEU LNG-powered vessels.
Last year, Seaspan and Israel’s ZIM signed a charter deal for ten 15,000 TEU vessels that will serve the latter’s Asia-US East Coast trade.
Seaspan placed the order for these dual-fuel ships at South Korea’s Samsung Heavy Industries. The Korean yard held a steel-cutting ceremony for the first vessel in this series, ZIM Sammy Offer, on December 16.
After this agreement, Seaspan and ZIM also signed charter deals for 15 7,000 TEU LNG-powered container vessels. China’s Jiangsu New Yangzi will build these ships.
