Seaspan accepted delivery of the CMA CGM Mumbai, a 10000 TEU containership that will commence a fixed rate time charter with CMA CGM S.A. for a three-year term with an option to extend for an additional three years.

The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding and Jiangsu New Yangzi Shipbuilding is the third in a series of four 10000 TEU vessels under time charter to CMA CGM that are scheduled to deliver in the first half of 2018.

Seaspan provides alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with ship management services. Seaspan’s operating fleet, including one newbuilding containership on order scheduled for delivery to Seaspan by mid-2018, consists of 112 containerships representing a total capacity of more than 900,000 TEU. Excluding the newbuild vessel, Seaspan’s operating fleet of 111 vessels has an average age of approximately five years and an average remaining lease period of approximately five years, on a TEU weighted basis.