Seaspan Corporation Announces Delivery of New Vessel
Seaspan Corporation (“Seaspan”) (NYSE:SSW) today announced the delivery of its 17th contracted vessel, the Lahore Express. The 4250 TEU vessel, which was built by Samsung Heavy Industries Co. Ltd., was delivered approximately nine weeks ahead of its contractual delivery date.
The Lahore Express is the fifth of nine Seaspan vessels to be chartered to CP USA, a subsidiary of CP Ships Ltd.
“We are very happy to achieve this latest milestone in the growth of Seaspan,” said Gerry Wang, Chief Executive Officer of Seaspan. “The early delivery of the Lahore Express gives us 17 vessels in operation and will have a positive impact on our financial performance.”