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Seaspan's Emphasis on Sustainability and Efficiency

Seaspan Corporation has proudly announced an update on its SAVER (Seaspan Action on Vessel Energy Reduction) program, which originally launched in 2013. This program exemplifies Seaspan's commitment to efficiency and sustainability in the maritime sector, well ahead of the increasing decarbonization regulations shaping the industry's future. With a robust Environmental, Social, and Governance (ESG) framework guiding its efforts, Seaspan has implemented an ambitious retrofit and upgrade initiative across its fleet, closely collaborating with clients to enhance vessel performance and minimize environmental impacts.

Seaspan's fleet enhancement program has been successful in completing 552 individual modernizations, with an additional 85 projects either planned or already underway. These retrofits and upgrades encompass a wide range of improvements, including enhancements to electrical systems, thermodynamic efficiency, and hydrodynamic performance, as well as extensive retrofitting efforts. To date, 86 ships have been upgraded, with 10 more in the process or planned for conversion, featuring major upgrades like the conversion of primary engines to methanol, set to be operational by mid-2026.

The total investment in these initiatives amounts to approximately $226.5 million, covering completed and planned projects alike. The SAVER upgrade program offers a fully integrated platform for managing the lifecycle of maritime vessels, ranging from design and monitoring to operation, upgrading, retrofitting, and recycling, segmented into three primary categories:

1. Fuel Savings and Efficiency Improvements: This includes the renewal of propellers and cap fins, modifications to the bulbous bow, derating primary engines, and installation of energy recovery systems.

2. Freight Capacity Optimization: This portion focuses on enhancing the load bridge, increasing stacking weights, improving lashing patterns, and upgrading container stowage and loading computer systems, alongside reefer expansions.

3. Green Fuels and Emission Reduction: Retrofits for fuel conversion, scrubber installations, and shore power/ AMP system upgrades belong to this category.

These upgrades effectively decrease fuel consumption, increase cargo capacity, and enhance operational flexibility, allowing Seaspan's clients to remain competitive in a continuously evolving market. According to Bing Chen, President and CEO of Seaspan Corporation Pte. Ltd., "Fleet enhancement is a cornerstone of our decarbonization strategy. By advancing our fleet modernization in partnership with our customers, we are not only improving fleet operational performance but also contributing to a pragmatic solution for the sustainable shipping industry. These projects illustrate the strength of our partnerships and our shared dedication to innovation, efficiency, and decarbonization."

As the shipping industry progresses towards its decarbonization objectives, Seaspan focuses on implementing turnkey solutions and leveraging digitalization to modernize existing facilities. Through these efforts, Seaspan continues to play a leading role in the global shift toward cleaner and smarter ship operations.

About Seaspan Corporation Pte. Ltd.

Seaspan positions itself as the world's leading owner and operator of shipping assets, emphasizing long-term, fixed-rate charters with the most recognized shipping lines globally. As of September 30, 2025, Seaspan's operational fleet consists of 241 vessels, with a total fleet capacity of approximately 2.5 million TEU, taking into account not-yet-delivered new builds, including Pure Car and Truck Carriers (PCTCs) and purchase contracts for used vessels.