HONG Kong's non-operating containership owner Seaspan Corporation, a wholly owned subsidiary of Atlas Corp, has taken delivery of four 12,000 TEU vessels, each having started five-year time charters with a global liner. The ship owner said three of the eco-modern containerships were built in 2018, and the other in 2017. Seaspan announced last month it closed four flexible finance lease transactions with total proceeds of approximately US$340 million. At the conclusion of the initial 10-year term, Seaspan is obligated to purchase the vessels at a predetermined price, according to MarineLink, New York. President and CEO of Atlas, Bing Chen, commented: "This fleet acquisition, innovative financing, and long-term charters continue to demonstrate Seaspan's unique and resilient business model of consistently delivering long-term shareholder value despite the unprecedented COVID-19 environment. "Seaspan has grown its total contracted revenue by approximately $300 million while further optimising our fleet, strengthening customer partnerships, enhancing portfolio diversification, as well as expanding innovative financing of $340 million for these vessels amidst the current tightening of the capital markets." Including the latest additions, Seaspan's global fleet consists of 123 vessels representing total capacity of 1.02 millionTEU - representing about 7.8 per cent market share of the global containership fleet.