VANCOUVER, BC, July 7, 2023 /PRNewswire/ — Seaspan Corporation (“Seaspan”), a world leader in container ship ownership and management, in partnership with Hapag-Lloyd, a leading liner shipping company, has signed a Conversion Commitment Agreement with MAN Energy Solutions. Under the terms of the agreement, MAN PrimeServ, the aftermarket division of MAN Energy Solutions, will supply 15 engine retrofit solutions for the conversion of ships powered by conventional S90 engines from the Seaspan and Hapag-Lloyd fleets to capable dual-fuel engines. to run on methanol. This agreement includes 45 optional engine retrofit solutions. Each conversion can provide a CO2 reduction of between 50,000 and 70,000 tons each year by running 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 produced.
Peter Curtis, Executive Director of Seaspan, stated: “Developing this solution with MAN will enable the shipping industry to further decarbonise by improving the performance of conventional ships in service. Future challenges cannot be met by building new ships alone. new ships.We believe retrofitting will be a necessary and important component of both our emissions reduction program and that of the maritime industry.In addition, this solution is an effective means of extending the life of the existing fleet, providing flexibility in terms of of fuel and avoid unnecessary new construction”.
“This industry-leading effort between Seaspan, Hapag-Lloyd and MAN demonstrates the need for greater collaboration in many aspects of our industry as we increasingly seek new and innovative solutions to more complex and difficult challenges than in the past. Our forward-thinking and collaborative mindset, working with our customers and technology partners over many years, has provided a strong foundation for Seaspan’s continued growth and leadership position,” added Curtis.
Seaspan is the world’s largest container ship lessor, primarily focused on long-term charters with the world’s leading container shipping lines. With an industry-leading 70 new shipbuild schedule, Seaspan will bring its own fleet to a total of 200 ships and 1.9 million TEUs of capacity.
With a fleet of 250 modern container ships 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 to operate its ships in a climate neutral manner to become net zero carbon by 2045.
Bing Chen, President and CEO, and Torsten Pedersen, COO, signed the agreement on behalf of Seaspan Corporation, while Thomas Leander, Head of Solutions and Director of Facilities, Frederikshavn, Denmark; Jens Seeberg, Head of Retrofits and 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 of Hapag-Lloyd Fleet.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements (as that term is defined in Section 21E of the Securities Exchange Act of 1934, as amended) relating to future events. Statements of a predictive nature, which depend on or refer to future events or conditions, or which include words such as “will”, “believes”, “intends”, “plans”, “expects”, “estimates”, “projects “, “foresees” and similar expressions are forward-looking statements. These forecasts reflect management’s current expectations only as of the date of this release. Consequently, we advise you not to trust any of these statements. Although these statements are based on assumptions we believe to be reasonable based on available information, they are subject to risks and uncertainties. These risks and uncertainties include, among others, the 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 due to future events, new information, a change in our opinions or expectations, or otherwise. We do not make any predictions or statements about the performance of any of our securities.
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