Seaspan takes newcastlemax plunge with Yangzijiang order

AI Summary

Seaspan is entering the newcastlemax sector as owner of two 210,000-deadweight tri-fuel ore carriers, which Mitsui O.S.K. Lines will deploy under a 25-year deal with Vale. Yangzijiang Shipbuilding is expected to build the vessels, linking ship construction, long-term chartering, and Brazilian iron-ore transport.

Seaspan Corporation is moving into the newcastlemax sector, emerging as the owner behind two 210,000 dwt tri-fuel ore carriers that Mitsui OSK Lines will deploy under a 25-year shipping deal with Brazilian mining giant Vale. Seaspan will own the two ships and charter them to MOL, with Yangzijiang Shipbuilding lined up to construct the pair. …