Introduction to Seaspan

www.seaspancorp.com

www.engineer.od.ua/full/ITR.zip
Company Induction Training

Why are you here?

Whom we employ

How are our ships managed

Do they “get it”

Our Mission
Our Vision
Our Values

www.seaspancorp.com
 OUR MISSION : Growing our Business

We are the worlds largest Non operating owner

of containership, providing consistently safe,
reliable and economic operations
 OUR VISION : Leading the Industry

We strive to be the global containership

provider of choice,
offering our stakeholders the best platform for successful
and sustainable growth
OUR VALUES: MAINTAINING OUR FOCUS
(Our Corporate philosophy is founded upon a commitment to six core values)
Safety
Careers
Innovation
Environmental Responsibility
Financial Strength
Sustainability

www.seaspancorp.com
 What Is Our Business ?

Atlas Corporation will own Seaspan and APR Energy

(We are now an Infrastructure leasing company with likely more verticals coming)

www.seaspanltd.ca
 Container Liner Operators
Owners

Provide Vessels
With Crew

Enter Into Liner operators' source and

We own and crew our vessels
Long-Term aggregate cargo from shipper,
through the Manager
Contracts load and discharge containers
and provide land-based logistical
functions

Asset Manager and Owner Cash Flow Operator

www.seaspancorp.com
Solid Business Model
Seaspan’s ranking in our competitive space
Top 30 Non-Operating Owners – May 2021
 Our Genesis:
20 to 4600 and Beyond
July 2001: Indian venture with Nortrans
July 2001: Philippines venture with Philippines Transmarine Carriers (PTC)
Mar’2004: We created another landmark when we set up SCMIPL
Dec 2005 : Sri Lankan venture with Ceyline Shipping Ltd (CSL)
Jul’2006: Ukrainian venture with UNIVIS
Dec’2008 : Chinese venture with Sinocrew
Jan 2014 : Ukrainian second partner Alpha Navigation
Jan 2017 : Romanian partner Navmar
Dec 2018 : Romanian second partner Stargate

www.seaspancorp.com
MULTI-CULTURAL DYNAMIC TEAM
(as per beginning of 2020)

Active
Philippines: 1730
India: 930
Sri Lanka: 566
China: 154
Ukraine: 481
South Africa: 58
Bangladesh :17
Hong Kong : 10
Romania : 27

www.seaspancorp.com
Our Clients
 OUR CLIENTS
Biggest supplier for CSCL

Third Largest shipping lines

First foreign long-term charter

First foreign long-term charter

Fourth world’s Largest shipping company

Second Largest Taiwanese Container lines

Worlds Fourth largest, French shipping company

Largest Container lines in the world

www.seaspancorp.com
 PHILLIPPINES FLEET STRENGTH (RATINGS)

RATINGS Total Vessels Reserve Ratio Number of position Total Required PHILLIPPINES ACTIVE Shortage/Surplus

BOSUN 97 1.5 1 146 130 -16

AB 97 1.5 3 437 405 -32
OS 97 1.5 1 and 2 194 255 +61
FITTER 97 1.5 1 146 5 N/A
OILER 97 1.5 1 146 140 -6
WIPER 97 1.5 1 146 148 +3
TEHD 0 1.5 0 N/A
TDCK 65 1.5 1 98 64 -34
CHCK 97 1.5 1 146 116 -30
CKTR 0 1.5 0 N/A
2nd COOK 0 1.5 0 N/A
MESSMAN/CATT 97 1.5 1 146 141 -5

Notes: This list excludes Ratings that are on:

1. Medical Treatment
2. Extended period of break i.e. "Not Available"
3. Employment on Hold
4. Approved for employment
5. Number of ships changed to 93.
6. Fitter are supplemented from India. Hence shown N/A
7. PTC advised to make CKTR, TEHD, 2nd Cook who are not promotable inactive.
8. 70 percent of 93 vessels considered for Messman
9. 30 percent of 93vessels considered for CATT
10 OS numbers adjusted basis FPD Memo 08/2016 reducing one OS on selected ships
11. TEDH rank phased out on all MV fleet, bss fleet rationalization
12. Fitters laid off for vessels under 7 years hence total vessel reduced to 42 vessel as applicable

www.seaspancorp.
 OUR VESSELS
Vessel capacities: 2500, 3500, 4250, 4500, 4800, 5100, 8500, 9200, 9600, 10000, 11000,
13100, 14000 & 15000 TEU (1 112 000 TEU’s)

Average age of 7 years and average lease period of 4 years (3rd July oldest ship 14yrs)

Build in reliable yards (without being overly sophisticated)

Provide in-house vessel design, construction & configuration i.e. Seaspan standardization

Liaise closely with Charterers to satisfy their needs in vessel design

www.seaspancorp.com
 SEASPAN TODAY
• Seaspan is the leading independent owner and operator of
containerships with industry leading ship management services.
• We charter our vessels primarily pursuant to long term, fixed-rate
time charters to the world’s largest container shipping liners.
• Seaspan’s fleet consists of 131 containerships, representing total
capacity of 1,112,000 TEU.
• Seaspan’s current operating fleet has an average age of
approximately seven years and an average remaining lease period
approximately four years on a TEU-weighted basis.

Seaspan is listed in The New York Stock Exchange.

www.seaspancorp.com
SEASPAN CORPORATE DEVELOPMENTS
1) Purchase of Six vessels for $380 million
In November 2019, Seaspan entered into agreements to
purchase three 10700 TEU vessels and three 9200 TEU
vessels for approximately $380.0 million in cash. Five
vessels were delivered in December 2019 and the sixth
was delivered January 2020.

2) Purchase of Four vessels for $367 million

In February 2020, Seaspan entered into agreements to
purchase four 12,000 TEU vessels for an aggregate $367
million in cash. The four vessels, two of which were
delivered in March and two of which were delivered in April
2020, are comprised of three 2018 built vessels and one
2017 built vessel.
* Seaspan secures charterers for all 127 vessels.
 The New
latest and
Builds new
Year 2021building
– 2023 Program
All - DF Engines / SCR Engines / EGR Engines – to reduce NOx
DF Engines – Natural Gas (CH4) + MGO
SCR (Selective Catalytic Reduction) – injection of Urea into Exhaust Duct
EGR – Exhaust Gas Recirculation Engines

7000 / 15000 TEU 24000 TEU 12200 / 15500 TEU

totally 25 new vessels 2 new biggest in Container 43 new 12000 / 12200 / 15000
with DF Engines Fleet Vessels / 15500 TEU’s
vessels
(Natural Gas + MGO) Started in February 2021
As of September 2021:
Totally 131 ships
In addition: in April – May 2021 Seaspan has purchased 1 112 000 TEU’s
15000 TEU’s – 2 pcs, 2018 y.o.b.
and 8500 TEU’s – 2 pcs, 2012 y.o.b. Planned in 2023:
Totally 201 ships (+70) -
Totally now we’re builing 70 new ships, mostly with abt. 1 940 000 TEU’s
DF Engines. Half of them will be on Bare Boat Charters
RELATIVE SIZE of SEASPAN SHIPS
(2500, 4250, 8500, 14000, Side by Side)

Airbus A380 vs: 14000 TEU Vessel

 2500 TEU 3500 TEU
2005 2007
SEASPAN LOGA COSCO FUZHOU 4250 TEU
2006 COSCO YINGKOU 2006
SEASPAN HANNOVER SEASPAN DUBAI
4250 TEU SEASPAN JAKARTA
2008
2001 SEASPAN SAIGON
CSCL PANAMA
SEASAN HAMBURG SEASPAN LAHORE
CSCL MONTEVIDEO
SEASPAN CHIWAN SEASPAN SANTOS
CSCL SAO PAULO
2002 2007
CSCL LIMA SEASPAN NINGBO SEASPAN RIO DE JANEIRO
CSCL SANTIAGO SEASPAN DALIAN SEASPAN MANILA
CSCL SAN JOSE SEASPAN FELIXSTOWE 2009
2009 2005 SEASPAN LONCOMILLA
CSCL CALLAO SEASPAN VANCOUVER SEASPAN LUMACO
CSCL MANZANILLO CSCL SYDNEY 2010
2010 SEASPAN NEW YORK SEASPAN LINGUE
GUAYAQUIL BRIDGE SEASPAN MELBOURNE SEASPAN LEBU
SEASPAN CALICANTO CSCL BRISBANE SEASPAN FRASER
SEASPAN NEW DELHI
4500 TEU (ME Engines)
2010 8500 TEU 9600 TEU
BROTONNE BRIDGE 2004 2007
2011 SEASPAN OCEANIA CSCL ZEEBRUGGE
BREVIK BRIDGE 2005 CSCL LONG BEACH
BILBAO BRIDGE CSCL AFRICA
BERLIN BRIDGE 2010 10000 TEU
BUDAPEST BRIDGE COSCO JAPAN 2014
COSCO KOREA SEASPAN GANGES
5100 TEU COSCO PHILIPPINES SEASPAN THAMES
2009 COSCO MALAYSIA SEASPAN YANGTZE
SEASPAN EMERALD COSCO INDONESIA SEASPAN AMAZON
SEASPAN EMINENECE COSCO THAILAND SEASPAN ZAMBEZI
MOL EMISSARY COSCO PRINCE RUPERT SEASPAN BRAVO
2010 2011 MOL BRILLIANCE
MOL EMPIRE COSCO VIETNAM MOL BRIGHTNESS
MOL BREEZE
 10000 TEU 11000 TEU
2015 2017
MSC SHUBA B 14000 TEU
SEASPAN HUDSON
2015
CMA CGM TUTICORIN MSC SHREYA B
YM WISH
MOL BEACON MSC MADHU B
YM WORLD
MOL BEAUTY MSC NITYA B
YM WELLHEAD
MOL BELIEF 2018
YM WONDROUS
MOL BELLWETHER MSC YASHI B YM WINNER
MAERSK GUATEMALA
13100 TEU YM WITNESS
MAERSK GUAYAQUIL
2011 YM WORTH
2016
COSCO DEVELOPMENT 2016
MOL BENEFACTOR
COSCO GLORY YM WINDOW
MOL BEYOND
YM WIDTH
MAERSK GENOA COSCO HARMONY
YM WELCOME
MAERSK GIBRALATAR COSCO PRIDE
2017
2018 2012
YM WIND
CMA CGM MUNDRA COSCO EXCELLENCE
YM WREATH
CMA CGM COCHIN COSCO FAITH
CMA CGM CHENNAI COSCO FORTUNE
CMA CGM MUMBAI COSCO HOPE
 SAVER areas of Focus

Emission Control Environmental Operational Efficiencies

Improvements
Reducing our Air
Emissions Reducing our Impacts
on the Environment Advanced materials

Energy Conservation Propulsion Improvements Hydrodynamic Improvements

Reducing fuel Consumption Main Engine Improvements Optimizing the Hull and
Appendences to reduce resistance

Private and Confidential © Copyright 2011 10

Chamber of Shipping of America
 IMPORTANT ISSUES
 PSC Inspections (Third party inspections)
 Tag out and lock out
 Risk assessment and personal Injuries
 Communication, Verification, Delegation
 Sleeping on watch
 Whistle blower
 Flooding of Cargo holds
 Container seals broken
 Drug and Alcohol violation, zero tolerance
 Reefer Container monitoring and responsibility (150, 000
USD average cost per container)

www.seaspancorp.com
 IMPORTANT ISSUES

 Voluntary Environmental Compliance Program (VECP), waste

oil management, tied to USCG
 MARPOL violation falsifying records is a criminal offence,
dumping oil, why do people do it commercial pressure,
bypass sewage system (VECP)
 LTIF continues process until desired target of less than 0.50
 Social Media Posts
 Fuel Oil Management and charterers

www.seaspancorp.com
 Lost Time Injury Frequency Record (LTIF)

LTIs x 1,000,000
LTIF: NO LTI’s reported in the last week. LTIF = ----------------------
Exposure Hours
Our LTIF 365 Days Running Average is now at 0.37 – Oct.2021
www.seaspancorp.com
33
 Past LTIF Record

Burn 13
Eye 8
Finger 24
Face 8
Head 8
Trip 20
Misc 37
Total 118

www.seaspancorp.com
 TAKE FIVE!!!

www.seaspancorp.com
www.seaspancorp.com
 Seaspan’s DNA - The essential ingredient

The Leading Containership Provider

What do we already say about this?

 Our Goal / Mission: To be the provider of choice

 Our Strategy / Vision: To provide safe, reliable and
economic services
 Our Plan: do what we are meant to do, do not do what
we are not meant to do!! = Compliance, care, planning,
oversight and common sense.
DPA : Alfred Gomez / Deputy DPA : Gurmeet Ahuja
CSO : Alfred Gomez
DCSO : Hossein Kamali, Lokesh Bhatt , Prashant Khurana,
Carlos Antao, Artur Byelkov , Ajay Garde

www.seaspancorp.com | www.facebook.com

Awarded Outstanding Performance in PSC Inspection in 2013

Over 127,000 followers on the Seaspan Facebook site

Mistake increase your experience and experience decreases your mistakes.
You learn from mistakes, while others learn from your success
Knowing BETTER is Good, but Knowing EVERYTHING is BETTER

WWW.SEASPANCORP.COM
 Our Expectation from You
Team work (collaboration Silo effect / inefficiency)

Accountability (confident decision Performance Issues)

Determination (Perseverance Challenges)

Creativity (Outside the box thinking Rapidly changing Market)

Ownership (Meaning you Care)

www.seaspancorp.com