Seaspan Corporation continues to expand its fleet within its core strategic size segments, having placed an order for ten 7,000 teu scrubber-fitted newbuild containerships. The vessels will begin deliveries from an undisclosed shipyard in the second quarter and continue through to the fourth quarter of 2024.

The wholly owned subsidiary of Atlas Corp said the boxships will go on long-term charters with a leading global liner and are expected to generate $1.4bn of gross contracted cash flows over their minimum terms.