29.06.2021

Artikel Nummer: 37062

Seaspan extends containerships lease for Cosco

The Seaspan Corporation, an independent owner and operator of containerships and a subsidiary of Atlas Corp, recently forward-fixed contracts and extended the lease terms for Cosco Shipping Lines of 17 containerships representing around 117,700 teu.

The vessels’ charters were due to end in 2021, 2022 and 2023, and have now been extended for a three-year term beginning at the end of their current charter period. The contracts will generate approximately USD 0.7 billion in cash flow.

Seaspan chairman, president and CEO Bing Chen said that "our approach to meet Cosco’s current needs will contribute to its ability to compete."

www.seaspancorp.com

www.lines.coscoshipping.com

www.atlascorporation.com