South Korea: Seaspan Corporation Takes Delivery of 13100 TEU Vessel COSCO Fortune

Seaspan Corporation has accepted delivery of a 13100 TEU containership, the COSCO Fortune, on April 27th 2012. The new containership, which was constructed by Hyundai Heavy Industries Co., Ltd., is Seaspan’s fourth delivery in 2012 and expands the Company’s operating fleet to 69 vessels.

The COSCO Fortune is on charter to COSCO Container Lines Co., Ltd. (COSCON) under a twelve-year, fixed-rate time charter. The ship is the last of eight 13100 TEU sister ships and the 18th vessel to be chartered by Seaspan to COSCON.

Vessel particulars:

Length o.a. – 366,5m

Length p.p. – 350m

Breadth(mld) – 48,2m

Depth(mld) – 29,85m

Draught – 15,5m

Hyundai Heavy (HHI), the world’s number one shipbuilder, leads the shipbuilding industry with a 15% share of the market. The Hyundai shipyard stretches over four kilometers along the coast of Mipo Bay in Ulsan, Korea. The Shipbuilding Division is capable of building all types of ships to meet various demands from its clients. It has nine large-scale dry docks with seven huge ‘Goliath Cranes’. Since the shipyard’s groundbreaking in 1972, Hyundai Heavy’s Shipbuilding Division has garnered many awards and set many records within the shipbuilding industry.

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Shipbuilding Tribune Staff, May 1, 2012; Image: COSCO