VANCOUVER, BC, July 6, 2023 /PRNewswire/ -- Seaspan Corporation
("Seaspan"), a global leader in containership ownership and
management, in collaboration with Hapag-Lloyd, one of the leading
global liner shipping companies, has entered into a Conversion
Commitment Agreement with MAN Energy Solutions. Under the terms of
the Agreement, MAN PrimeServ, MAN Energy Solutions' after-sales
division, will deliver 15 engine retrofit solutions for conversion
of vessels powered by conventional S90 engines from the Seaspan and
Hapag-Lloyd fleets to dual-fuel engines capable of running on
methanol. This Agreement includes 45 optional engine retrofit
solutions. Each conversion can provide a CO2 reduction of 50,000
–70,000 tonnes each year when operating on green methanol. MAN will
build and test a base engine to qualify the methanol conversion
technology and kits for the S90 engine, as these engines are no
longer in production.
Peter Curtis, Seaspan Executive
Advisor, said, "Developing this solution with MAN will enable the
marine industry to progress its advances in decarbonization by
means of improving performance of in-service conventional vessels.
The challenges ahead cannot be met by newbuilding alone. We believe
that retrofitting will be a necessary and major component of both
our emissions abatement program, and that of the maritime industry.
In addition, this solution creates an effective way to extend
operational lifetimes of the existing fleet, deliver fuel
flexibility, and avoid unnecessary additional newbuilds.
"This industry-leading effort between Seaspan, Hapag-Lloyd, and
MAN demonstrates the necessity for increased collaboration across
many aspects of our industry as we increasingly seek novel and
innovative solutions to more complex and difficult challenges than
we had in the past. Our forward thinking and collaborative mindset,
working with our customers and technology partners for many years,
has consistently provided a solid foundation for the continued
growth and leadership position of Seaspan," concluded Curtis.
Seaspan is the largest global containership lessor, primarily
focused on long-term time charters with the world's leading
container shipping lines. With an industry-leading newbuild program
of 70 vessels, Seaspan will bring its owned fleet to a total of 200
vessels and 1.9mn TEU capacity.
With a fleet of 250 modern containerships and a total transport
capacity of 1.8 million TEU, Hapag-Lloyd is one of the world's
leading liner shipping companies. Hapag-Lloyd aims at operating its
vessels in a climate-neutral manner to become net-zero carbon by
2045.
Bing Chen, President and Chief Executive Officer, and
Torsten Pedersen, Chief Operating
Officer, signed the Agreement on behalf of Seaspan Corporation,
while Thomas Leander, Head of
Solutions and Site Manager, Frederikshavn, Denmark; Jens
Seeberg, Head of Retrofits & Upgrades, MAN PrimeServ
Denmark; and Brian Østergaard Sørensen, Vice President and Head of
R&D, Two-Stroke Business signed on behalf of MAN Energy
Solutions. The development of this solution opportunity has been
led by
Thomas Leander of MAN Energy
Solutions, Peter Curtis, Executive
Advisor, of Seaspan and Richard von
Berlepsch, Managing Director Fleet of Hapag-Lloyd.
Cautionary Note Regarding Forward-Looking Statements
This release contains certain forward-looking statements (as
such term is defined in Section 21E of the Securities Exchange Act
of 1934, as amended) concerning future events. Statements that are
predictive in nature, that depend upon or refer to future events or
conditions, or that include words such as "will", "believe",
"intend", "plan", "expect", "estimate", "project", "forecast", and
similar expressions are forward-looking statements. These
forward-looking statements reflect management's current
expectations only as of the date of this release. As a result, you
are cautioned not to rely on any forward-looking statements.
Although these statements are based upon assumptions we believe to
be reasonable based upon available information, they are subject to
risks and uncertainties. These risks and uncertainties include but
are not limited to factors detailed from time to time in our
periodic reports and filings with the Securities and Exchange
Commission, including Atlas Corp.'s Annual Report on Form 20-F for
the year ended December 31, 2022. We
expressly disclaim any obligation to update or revise any of these
forward-looking statements, whether because of future events, new
information, a change in our views or expectations, or otherwise.
We make no prediction or statement about the performance of any of
our securities.
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