Upon completion of the bareboat charter period, MSC is obligated to purchase the vessel for a pre-determined amount, said a report distributed by PRNewswire.
The MSC Nitya B, which was constructed at HHIC-PHIL INC., is Seaspan's third 11,000-TEU SAVER containership in a series of five ships under bareboat charter to MSC. This is Seaspan's fourth vessel delivery so far this year.
Seaspan's managed fleet consists of 110 containerships representing a total capacity of 900,000 TEU, including six newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2018.
Seaspan's current operating fleet of 88 vessels has an average age of six years and average remaining lease period of five years, on a TEU weighted basis.