Newswires
Seaspan Corporation Signs Contract to Build Two New 2500 TEU Vessels
Seaspan Corporation ('Seaspan') (NYSE: SSW) today announced that it has signed contracts to build two 2500 TEU vessels at Jiangsu Yangzijiang Shipbuilding Co. Ltd. ('Jiangsu') in China. These new orders are in addition to the eight 2500 TEU vessels Seaspan ordered from Jiangsu in 2006. The two newbuilding vessels will be delivered in March and June, 2010. The total delivered cost is expected to be approximately $46.4 million per vessel, subject to certain pre-delivery expenses remaining at budgeted levels.
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