Seaspan, a leader in world shipping, declared they will be contracting Chinese Shipbuilder Yang Ming Marine Transport Company for the fabrication of five (5) fuel efficient container ships. The ships are of the 14, 000 TEU range and are to be delivered in 2015 and built in South Korea. These ships can utilize Seaspan’s Action on Vessel Energy Reduction (SAVER) schematics for its construction. Seaspan’s current design enhancements will undoubtedly be evident within the design since the SAVER design is created as a way of fuel-efficient container ship operation. The power gains of the SAVER layout will likely save businesses millions of dollars in gas and enhance the emissions as a consequence of SAVER type boats using new Clean Ballast technology.
The evolution of this hull was unique because it challenged the usual design methodology and employed a combination of mathematical computations with accurate modeling information to form a hull with a comparatively acceptable top rate and also a low operational speed range.
The contract given to Yang Ming Marine Transport for building of the ships takes advantage of a 10-year, fixed rate time charters that have an alternative for a 2-year extension to the contract. Seaspan will fund this project with a share of the net income from series C and D preferred share offerings for your initial investment, and a collection of sources of alternate financing available to them since the project advances.
Seaspan stays a worldwide leader in ship management services and long-term leases on container ships along with the new SAVER layout is virtually guaranteed to raise its market share within the forthcoming months. The world turns to greener technologies for transport and commerce along with as the shipping industry grows in the forthcoming years, the SAVER design has a lot of commercial viability. The fuel economy, combined with the reduction in emissions, produces a much more attractive method of transfer and gives a feasible alternative to shipping organizations aiming to take a much more conservational way of their company.
