Seaspan Enhances Fleet Efficiency Through Key Vessel Upgrades and Retrofits

Seaspan Corporation, a leader in the maritime industry, recently provided an important update on its pioneering SAVER (Seaspan Action on Vessel Energy Reduction) program, initiated in 2013. This program reflects Seaspan's commitment to sustainability and operational efficiency, predating many environmental regulations currently shaping the industry's decarbonization efforts.

The company, guided by a robust environmental, social, and governance (ESG) framework, has unveiled an ambitious plan combining vessel retrofits with upgrades to its fleet. By collaborating closely with customers, Seaspan aims to enhance vessel performance and diminish environmental impact. The focus on retrofitting is a strategic approach to extend the lifespan of vessels while facilitating significant reductions in emissions and providing fuel flexibility for its partners.

To date, Seaspan has successfully completed 552 individual upgrades, with an additional 85 projects in planning or execution stages. These upgrades span various improvements, including enhancements targeting electrical, thermodynamic, and hydrodynamic efficiencies. A total of 86 vessels have undergone upgrades, while an extra 10 are either currently being modified or scheduled for significant enhancements. Among these, noteworthy methanol main engine conversion retrofits are set to be delivered by mid-2026.

Seaspan's investment in these projects has reached a remarkable USD 226.5 million, including both executed and planned initiatives, reflecting the company's strong financial commitment to modernizing its fleet and supporting sustainability.

Key Upgrade Categories

The SAVER upgrade program can be categorized into three primary segments, each addressing essential aspects of vessel performance:

1. Fuel-Saving Efficiency Enhancements
- Renewal of Propeller Cap Fins
- Bulbous Bow Modification
- Main Engine Derating
- Energy Recovery Systems

2. Cargo Capacity Optimization
- Elevation and Extension of Lashing Bridges
- Increase in Stack Weight
- Enhancements in Lashing Patterns
- Upgrades to Cargo Loading Software (CSA)
- Expansion of Refrigerated Containers (Reefer)

3. Green Fuel Emission Reduction
- Fuel Conversion Retrofits
- Installation of Scrubbers
- Shore Power/ AMP-System Upgrades

These strategic upgrades are designed to significantly reduce fuel consumption, enlarge cargo load capacity, and provide increased operational flexibility. By enabling its customers to optimize efficiency, Seaspan strengthens their competitiveness in the ever-evolving maritime market.

Bing Chen, President and CEO of Seaspan Corporation Pte. Ltd., stated, "At Seaspan, fleet enhancement is a core pillar of our decarbonization strategy. By driving our fleet modernization together with our customers, we're not only improving fleet operational performance but also contributing a practical solution to the sustainable shipping industry."

Chen further emphasized the importance of innovation and efficiency in collaboration with their partners, showcasing Seaspan's leadership and commitment to sustainable maritime practices.

As the world moves toward stricter decarbonization objectives, Seaspan is poised to leverage digital technologies and comprehensive solutions for upgrading existing assets, setting a strong example within the maritime sector and contributing to the global transition toward cleaner operations.

About Seaspan Corporation

Seaspan Corporation Pte. Ltd., recognized as one of the foremost maritime asset owners and operators, emphasizes long-term, fixed-rate leases with major shipping lines. As of September 30, 2025, the operating fleet of Seaspan comprised 241 vessels (on a pro forma basis), including both newly ordered and second-hand vessels, totaling an impressive capacity of around 2.5 million TEU when fully delivered. This scale positions Seaspan favorably to continue leading innovation in the maritime industry significantly into the future.