Another addition to COSCO liner fleet courtesy of Seaspan

Ulsan: Seaspan Corp took delivery of an 8500 TEU containership named the COSCO Philippines from Hyundai Heavy Industries on Friday. This is Seaspan's fifth delivery in 2010, expanding the company's operating fleet to 47 vessels.

The COSCO Philippines is on charter to COSCO Container Lines (COSCON) under a 12-year, fixed-rate time charter. It is the third of eight 8500 TEU sister ships and the fifth of a total of 18 vessels to be chartered by Seaspan to COSCON. [26/04/10]