#USA #Vancouver #Seaspan Corporation #SAVER Program #Fleet Efficiency

Seaspan's Commitment to Sustainable Shipping

Seaspan Corporation, a prominent player in maritime asset ownership and operation, continues to lead the charge in enhancing fleet efficiency through its groundbreaking program, SAVER (Seaspan Action on Vessel Energy Reduction). Launched in 2013, this initiative demonstrates Seaspan's early commitment to sustainability and efficiency, aligning with global decarbonization goals well before regulatory frameworks mandated such actions.

As part of its extensive upgrade strategy, Seaspan has successfully completed 552 individual vessel enhancements, with an additional 85 projects in the pipeline. The company's ambition extends beyond mere compliance; it focuses on making significant improvements that renew the operational lifespan of its vessels while minimizing emissions. In total, 86 ships have undergone modernization, with 10 more either currently being upgraded or slated for future enhancements. This includes a notable transition to methanol-powered engines, with the first deliveries expected by mid-2026.

To facilitate these upgrades, Seaspan has invested approximately $226.5 million in both completed and ongoing projects. Their comprehensive approach integrates a fully managed lifecycle solution, encompassing everything from design and supervision to operational upgrades and eventual recycling. At the core of the SAVER program are three main categories that target enhanced fuel savings and overall efficiency:

1. Fuel Savings and Efficiency Improvements:
- Renewal of propellers and bulbous bows
- Main engine modifications
- Energy recovery systems

2. Loading Capacity Optimization:
- Elevation and extension of deck structures
- Enhanced load weight capabilities
- Improved stowage configurations
- Upgraded computer systems for cargo management
- Increased refrigeration transport capacities

3. Emission Reduction and Green Fuels:
- Fuel conversion retrofits
- Installation of scrubbers
- Improved shore power supply systems

These focused enhancements not only aim to decrease fuel consumption and emissions but also enable Seaspan’s clients to remain competitive in a dynamic market. As Bing Chen, the CEO of Seaspan Corporation, stated, "Fleet enhancement is a fundamental pillar of our decarbonization strategy. By modernizing our ships in collaboration with our clients, we not only boost operational performance but also provide practical solutions for a sustainable maritime sector."

Seaspan's dedication to modernizing its fleet is crucial at a time when the maritime industry is navigating towards its decarbonization objectives. By leveraging integrated digital solutions and innovative approaches, Seaspan continues to pioneer a transition towards cleaner and more intelligent maritime operations.

About Seaspan Corporation

Seaspan stands as the world's leading owner and operator of maritime assets, focusing on long-term, fixed-rate charters with the largest shipping companies globally. As of September 30, 2025, Seaspan's operational fleet comprises 241 vessels, with a total capacity of approximately 2.5 million TEU, which includes new constructions and second-hand ships. By focusing on sustainability and efficiency, Seaspan exemplifies leadership in the ever-evolving maritime landscape.