Seaspan Corporation
Seaspan Corporation is one of the leading independent owners and operators of containerships. It was founded in 1999 and is headquartered in Hong Kong, although its operational offices are located in Vancouver, Canada. The company provides vessels on long-term charters to major container shipping lines around the world.
Primary Business Model
Seaspan's business model revolves around the acquisition, management, and chartering of containerships. The company typically charters its vessels on a long-term basis (often 5 to 12 years) to shipping lines, providing stable and predictable cash flows.
Fleet
As of my knowledge cutoff date in 2021, Seaspan has a diversified and modern fleet, which includes a range of container ship sizes from smaller feeder vessels to some of the largest ultra-large container ships (ULCVs). The company has been focusing on expanding its fleet through new builds as well as acquisitions of existing vessels.
Key Customers
Seaspan's customer base includes some of the world's largest shipping lines, such as Maersk, MSC, COSCO, CMA CGM, and Hapag-Lloyd. These long-term relationships are a testament to Seaspan's reliability and quality of service.
Financials & Ownership
Seaspan Corporation was publicly traded, listed on the New York Stock Exchange (NYSE) under the ticker symbol "SSW." However, it is essential to note that financial conditions and ownership structures can change, and it might not be reflective of the current status.
Parent Company
In 2018, Seaspan Corporation became a part of the Atlas Corp. (NYSE: ATCO), which aims to be a global asset manager and operator focused on the maritime, energy, and infrastructure sectors. This merger allowed Seaspan to leverage Atlas Corp's broader financial capabilities and strategic vision.
Sustainable Practices
In recent years, Seaspan has been increasingly focused on sustainability and environmentally friendly practices, including the adoption of more fuel-efficient ships and compliance with international maritime regulations concerning emissions.
Recent Developments
As of my last update, there might have been new developments, acquisitions, or strategic decisions taken by Seaspan Corporation, so it would be prudent to consult the latest news releases, financial statements, and industry reports for the most current information.
Overall, Seaspan Corporation plays a crucial role in the global shipping industry, delivering reliable and cost-effective solutions to many of the world's foremost container shipping lines.
Locations
Seaspan News
Seaspan Delivers Canadian Coast Guard Research Vessel
Seaspan Shipyards has officially delivered the Offshore Oceanographic Science Vessel (OOSV), CCGS Naalak Nappaaluk, to the Canadian Coast Guard (CCG).The OOSV is the fourth large vessel, and second class of ship, to be built and delivered by Seaspan under the National Shipbuilding Strategy (NSS).CCGS Naalak Nappaaluk is named after a well-respected elder from Nunavik who was a renowned promoter of Inuit language and culture.The ship will replace CCGS Hudson…
Anew Climate, Seaspan Energy Complete First Bio-LNG Loading
In a landmark step toward maritime decarbonization, Anew Climate (Anew) and Seaspan Energy (Seaspan) have successfully completed their first ship-to-ship loading operation of renewable liquefied natural gas (Bio-LNG) in the Port of Long Beach, California, marking an important moment in the transition to lower-carbon marine fuels on the North American West Coast.Following the announcement of a strategic agreement last month to deliver Bio-LNG at scale…
Seaspan, Genoa Extend Partnership on Canada’s Polar Icebreaker Design
Seaspan Shipyards has signed a contract with Newfoundland-based Genoa Design International to provide technical design services for the Canadian Coast Guard’s new heavy polar icebreaker.Under the deal, Genoa will expand its workforce to more than 100 naval architecture and marine systems designers as it supports the vessel’s design and build phases at Vancouver Shipyards, as part of the agreement that…
Seaspan, Stantec Celebrate Completion of Outfitting Pier for Canada’s National Shipbuilding Strategy
Stantec, a leader in sustainable design and engineering, and Seaspan, a leader in Canada’s shipbuilding industry, are celebrating the completion of a new outfitting pier at Seaspan’s Vancouver Shipyards. The new outfitting pier measures 272 meters by 19 meters (892 feet by 63 feet) and is designed for large navy and coast guard vessels. The pier is currently facilitating outfitting of the Royal Canadian Navy (RCN) Joint Support Ship, HMCS Protecteur, the largest vessel in the fleet.
Canada Selects Qualified Bidders for Supply of New Submarines
Joël Lightbound, Canada’s Minister of Government Transformation, Public Works and Procurement, and the Honourable Stephen Fuhr, Secretary of State (Defence Procurement), have announced that the Government of Canada has identified German company Thyssen Krupp Marine Systems (TKMS) and Korean company Hanwha Ocean as the two qualified suppliers for the Canadian Patrol Submarine Project (CPSP).Delivery…
Seaspan Signs MoU To Reestablish Domestic Supply Chain With Stigterstaal Canada & Algoma Steel
Seaspan Vancouver Shipyards has signed a Memorandum of Understanding with Stigterstaal Canada and Algoma Steel Inc. to explore a strategic partnership aimed at reestablishing a domestic steel supply chain focused on bolstering and expanding shipbuilding in Canada.The memorandum provides a framework for the three companies to assess the feasibility of Algoma Steel supplying Class and non-Class steel to Seaspan through Stigterstaal, who will act as a commercial and logistical subcontractor.
CCG's New Offshore Oceanographic Science Vessel Begins Sea Trials
CCGS Naalak Nappaaluk, the Canadian Coast Guard’s (CCG) new Offshore Oceanographic Science Vessel (OOSV), began sea trials this week in North Vancouver, sailing from Seaspan Vancouver Shipyards where final outfitting, installation, and commissioning work has been taking place since the vessel’s launch in August 2024.CCGS Naalak Nappaaluk is a Polar Class 6 vessel, with a displacement of 5,058t, and is 88 meters long…
Seaspan Returns HMCS Calgary to Royal Canadian Navy After Docking Work Period
On May 22, 2025, Seaspan Victoria Shipyards delivered HMCS Calgary back to the Royal Canadian Navy, marking the successful completion of the second full Docking Work Period (DWP) under Seaspan’s Halifax-Class Work Period (HCWP) contract.The DWP for HMCS Calgary represents the largest ever completed at Victoria Shipyards and stands as a testament to the coordinated efforts of Seaspan’s workforce and our partners at the Royal Canadian Navy…
Seaspan Opens New Operations Center at Vancouver Drydock
Earlier this week, the team at Seaspan’s Vancouver Drydock (Seaspan) celebrated the grand opening of its new 21,000 square foot Operations Center—a two-story facility that will support the increased capabilities at Vancouver Drydock and the the marine industry on the West Coast.The new Operations Center will serve as a hub for Vancouver Drydock employees, increasing efficiency by creating a centralized location for administration, safety and operations personnel.
Seaspan Begins Construction on Heavy Polar Icebreaker
Seaspan Shipyards has cut steel on the Canadian Coast Guard’s (CCG) new heavy polar icebreaker, marking the first time a heavy polar icebreaker has been built in Canada in more than 60 years.It will play a critical role in enabling the Canadian Coast Guard to transit and operate on more than 162,000 kilometers of Arctic coastline.The Polar Class 2 icebreaker will help sustain a 12-month presence in Canada’s North in support of Canada’s Arctic sovereignty…
Seaspan Boosts Investment in Automated Welding Technology
Seaspan Shipyards has announced a $5 million investment in Novarc Technologies Inc., a North Vancouver-based full-stack AI robotics company specializing in the design and manufacturing of automated welding solutions.The funding will fuel product development and commercialization of AI-driven solutions which promise to increase industrial productivity.Seaspan has been a strategic partner and early adopter of Novarc’s welding automation technology since 2017…
Third LNG Bunkering Vessel Joins Seaspan’s Fleet
The third 7,600 m3 LNG bunkering vessel, built by Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE), has been delivered to Seaspan Energy.The vessel has been certified by Bure Veritas as part of its continued collaboration with leading shipbuilders, charterers, and shipyards to continue to support the development of LNG bunkering vessels, said to be a vital tool in supporting the maritime…
Seaspan Energy Completes First STS LNG transfer
Seaspan Energy (Seaspan) has successfully completed its first LNG ship-to-ship transfer to a containership in the Port of Long Beach.This operation marks the beginning of Seaspan’s service offering on the West Coast of North America with two LNG bunkering vessels to soon serve both the Long Beach and Vancouver markets. “Our first ship-to-ship LNG bunkering has been five years in the making and our…
OOCL to Charter Six New Containerships from Seaspan
Orient Overseas Container Lines (OOCL) announced it has entered into charter agreements with Seaspan, to charter six brand new 13,000 TEU container vessels for a maximum aggregate amount of RMB 11.2 billion. The expected delivery of these vessels is from the fourth quarter of 2026 to the first quarter of 2028 and is to be chartered for 15 years from delivery."OOCL has been continuously assessing the global economic situation…
Seaspan Completes Life Extension of Canadian Coast Guard Icebreaker
Seaspan on Thursday announced its Vancouver Drydock has completed a Vessel Life Extension (VLE) program for the 38-year-old Canadian Coast Guard icebreaker vessel CCGS Sir Wilfrid Laurier. After undocking at the end of April 2024, the vessel completed an in-water work period in preparation for ship commissioning and sea trials, finally departing Seaspan on August 17, 2024.According to Seaspan, the…
Seaspan Launches Second LNG Bunkering Vessel
This week, Seaspan Energy launched the second of its three 7600m3 liquefied natural gas (LNG) bunkering vessels, the Seaspan Lions, named after the twin peaks of the North Shore, or known as Ch'ich'iyúy Elxwíkn (“Twin Sisters” or “Two Sisters”) to the Squamish Nation.This series of vessels is named after iconic West Coast mountains and the first two vessels, the Seaspan Garibaldi ("Nch'kay") and the Seaspan Lions (Ch'ich'iyúy Elxwíkn)…
HaiSea Unveils New Operations Facility for Its Green Tug Fleet
HaiSea Marine, majority owned by Haisla Nation in partnership with Seaspan ULC, is celebrating the official naming and blessing of its new floating operations facility – which will be the home base for its fleet of three full-electric and two liquefied natural gas (LNG)-fueled tugboats.The new facility, named Zewén, is a floating operations and maintenance building purpose-built and designed to withstand the extreme tidal range in the Kitimat region.
Seaspan LNG Bunkering Vessel Launched
Seaspan Energy announced the launch of Seaspan Garibaldi, the first of three 7,600m3 liquefied natural gas (LNG) bunkering vessels being built by CIMC Sinopacific Offshore & Engineering (CIMC SOE) in China.The newbuild is named after Mount Garibaldi, or “Nch’ḵay̓” as the Squamish Nation has known it for thousands of years. This series of vessels will be named after iconic West Coast mountains and…
Seaspan and AES to Partner on LNG Bunkering in Panama
Seaspan has signed a memorandum of understanding (MoU) with global energy company AES in collaboration mainly aimed at providing liquefied natural gas (LNG) bunkering services to shipping vessels crossing the Panama Canal, as well as exploring options to provide this and similar services in regional markets within the area of influence of the Costa Norte LNG terminal, owned by AES, located in Colón, Panama.
UK Insurers Join Cargo Safety Initiative
Safetytech Accelerator, a non-profit established by Lloyd’s Register, has confirmed that UK maritime insurers, the UK P&I Club and TT Club, have signed up for its Cargo Fire & Loss Innovation Initiative (CFLII).The Initiative, launched in February 2023, is a multi-year collaborative technology acceleration program focused on reducing cargo fires and loss in maritime and its impact. It is already supported by anchor partners COSCO Shipping Lines…
