Seaspan extends charter hires with Cosco for 17 boxships
Seaspan, now part of US-listed Atlas Corp, expects the new contracts to generate about $700m of gross cashflow, subject to market volatility
The three-year extension includes two vessels whose charters were scheduled to end in 2021, 13 vessels due in 2022 and another pair set to end in 2023, with a combined capacity of 117,000 teu