Hong Kong-based Seaspan Corporation has entered into an agreement with Samsung Heavy Industries to build 10 15,000-TEU dual-fuel LNG container ships
The ships are expected to be delivered between 2023 and 2024, and will enter into 12-year charters with Israel-based container liner ZIM to meet the liner’s growing Asia-US east coast trade.
ZIM president and chief executive Eli Glickman said "This is a milestone agreement for ZIM, valued in excess of US$1Bn, that enables us to achieve two important strategic objectives. First, these top-of-the-line advanced vessels will allow us to meet growing market demand on the Asia-US east coast trade and provide top-level, reliable service to our customers on this important trade lane.
Second, in line with our core sustainability values, investing in LNG-fuelled green vessels demonstrates our continued commitment and leadership in addressing environmental issues related to our industry, meeting customer demand to reduce CO2 emissions, helping to preserve clean air and reducing our carbon footprint.”
Seaspan president and chief executive Bing Chen said the LNG-focused investment shows the company’s commitment to environmental, social and corporate governance principles, and carbon reduction.
Mr Chen said, “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. 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. These transactions clearly demonstrate our ability to seize opportunities to develop industry-leading customer solutions and our commitment for quality growth backed by long-term committed partnerships.”
In addition to the present batch of LNG newbuilds, Seaspan has also announced five 12,200-TEU and two 24,000-TEU newbuilds to secure a total of 17 new vessels.
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