China: COSCON Charters New Containership from Seaspan

China - COSCON Charters New Containership from Seaspan

Seaspan Corporation announced today that it accepted delivery of a 13100 TEU containership, the COSCO Excellence, on March 7, 2012.

The new containership, which was constructed by Hyundai Heavy Industries Co., Ltd., is Seaspan’s first delivery in 2012 and expands the Company’s operating fleet to 66 vessels.

The COSCO Excellence is on charter to COSCO Container Lines Co., Ltd. (“COSCON”) under a twelve-year, fixed-rate time charter. The ship is the fifth of eight 13100 TEU sister ships and the 15th of a total of 18 vessels to be chartered by Seaspan to COSCON.

Source: Seaspan, March 9, 2012

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