Hong Kong- based proprietor as well as driver Seaspan has actually gone beyond the one million TEU mark with the acquisition of 4 contemporary containerships for around $367 million in cash money, the firm claimedTuesday

The 4 12,000 TEU vessels include lasting charter arrangements with a leading worldwide lining, Seaspan claimed. Three of the vessels were constructed in 2018, while one was constructed in 2017.

With the purchase, Seaspan’s pro forma fleet will certainly strike 1,023,000 TEU as well as 123 vessels for around 7.9% worldwide market share.

“The acquisition of four high-quality, young, sizeable, eco-modern vessels marks our eleventh containership acquisition in the past five months, in aggregate adding approximately 117,000 TEU to our global fleet, which now exceeds one million TEU,” claimed Bing Chen, President as well as Chief Executive Officer ofSeaspan “With our unique business model backed by a strong balance sheet and robust cash flow, we will accelerate sustainable value creation through executing high-quality growth opportunities, as well as continue to be the trusted and preferred partner for our leading global liner customers.”

The enhancement of the 4 ships will certainly bring Seaspan’s overall acquired income to $ 4.6 billion with a heavy typical staying lease duration of around 4.2 years, the firm claimed.