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Seaspan Corporation announced a closer strategic collaboration with AP Moller-Maersk, focused on improving the efficiency of its time-chartered fleet.
Following more than 20 years of trusted collaboration, both companies are driving a comprehensive efficiency program for 18 long-term chartered vessels for Maersk. The program seeks to achieve quantifiable improvements in fuel efficiency, cargo capacity, operational flexibility, and emissions reduction.
As a fundamental initiative, the partners have jointly developed high-impact modernization solutions for four 13,000 TEU vessels, representing one of the most significant improvement programs for the shared Seaspan-Maersk time-charter fleet.
The modernization solution consists of installing a shaft generator to reduce auxiliary engine fuel consumption, optimizing main engine performance, a new high-efficiency propeller and a pre-swirl device to improve propulsion efficiency, and carbon capture readiness, to prepare the vessel for future emissions regulations.
Additionally, the lashing bridge will be raised to increase cargo capacity, and the deadweight will be increased to improve loading capacity. Together, these modernization measures are expected to improve the vessel's occupancy cost by 10% to 13%, while optimizing fuel efficiency, operational performance, and regulatory compliance.
To date, the combined investments in the modernization of the 18-vessel fleet, both already made and planned, amount to approximately USD 75 million, and new initiatives are being developed to support continuous decarbonization and performance improvement.
Furthermore, WattSpan, Seaspan's strategic partner in maritime technology and engineering, focused on vessel performance, energy efficiency, and decarbonization solutions, has joined Maersk and Cosco Shipyard to sign a non-binding Memorandum of Cooperation establishing a one-year collaboration framework for vessel modernization, energy efficiency improvements, and maritime decarbonization technologies.
Initiatives include, but are not limited to, joint development, information exchange, and the execution of future projects through independent commercial agreements.
"This alliance reflects the kind of practical, high-impact collaboration needed to drive decarbonization in the maritime sector. By working closely with Maersk, WattSpan, and Cosco Shipyard, we combine technical expertise, operational knowledge, and long-term investment to improve vessel performance today, while preparing our fleet for future fuels and technologies. It is a clear example of how trusted partnerships can generate significant progress at scale," explained Dimitrios Panagopoulos, Seaspan's Chief Operating Officer of Fleet.
"For many years, Seaspan has been a valuable partner and an important vessel provider for Maersk's fleet. By working closely with Seaspan, our goal is to implement vessel improvements that reduce fuel costs, decrease greenhouse gas emissions, and increase cargo capacity, all of which enhance the competitiveness of our fleet," concluded Anda Cristescu, Head of Chartering and Newbuilding at Maersk.
