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Seaspan Corporation announced today that it has signed contracts for the construction of five 14,000 TEU class newbuilding containerships at Hyundai Heavy Industries. The vessels are scheduled for delivery in 2015 and will be constructed using Seaspan’s fuel efficient SAVER design.

Concurrently with executing the newbuilding contracts, Seaspan signed 10-year, fixed-rate time charters for the vessels with Yang Ming Marine Transport Corporation.

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