Seaspan Corporation (NYSE:SSW) announced today that it has accepted delivery of the MSC Yashi B, an 11000 TEU containership that will commence a bareboat charter with MSC Mediterranean Shipping Company S.A. (MSC) for a period of seventeen years.

Seaspan takes delivery of fifth 11000 TEU SAVER containership
Caption: Container ship Shreya B - sister ship of  MSC Yashi B in the series of five ships under bareboat charter to MSC, constructed at HHIC-PHIL INC

Upon completion of the bareboat charter period, MSC is obligated to purchase the vessel for a pre-determined amount.

The MSC Yashi B, which was constructed at HHIC-PHIL INC., is Seaspan’s fifth 11000 TEU SAVER design containership in a series of five ships under bareboat charter to MSC. This is Seaspan’s first vessel delivery in 2018, expanding Seaspan’s operating fleet to 90 vessels.

Source: Seaspan Corporation