Containership owner Seaspan Corporation on Wednesday announced it has
ordered four "ultra-modern" 7,700 TEU dual-fuel liquefied natural gas
(LNG) containerships from an unnamed "major" shipyard.

The newbuilds are scheduled to be delivered in the third and fourth
quarters of 2024, and upon completion will enter into long-term
charters with a "leading global liner customer".

Seaspan, a wholly-owned subsidiary of New York-listed Atlas Corp., said
the charters include purchase obligations at the conclusion of the
charter terms, and will contribute approximately $0.95 billion of gross
contracted cash flow.

The shipowner, which has been on a containership ordering spree, said
it intends to use existing liquidity, cash flow and additional
borrowings to finance the new ships.