Seaspan Corporation
- 1. Company particulars and overall approach
- 2. Ship recycling policy and standards
- 3. Policy for selling owned vessels for further trading
- 4. Ship recycling contract
- 5. Inventory of Hazardous Materials (IHM) and Ship Recycling Documentation
- 6. Implementation of the ship recycling policy and standard
- 7. Other comments

Seaspan Corporation
Unit 2 – 16th Floor, W668 Building, Nos. 668 Castle Peak Road, Cheung Sha Wan, Kowloon. Hong Kong
https://https://www.seaspancorp.com/
117
134
13402333
134
13402333
Seaspan is the largest independent owner and operator of containerships in the world, with an industry-leading, fully integrated operating platform that delivers unique and differentiated value to its customers through a full life-cycle asset management approach. Seaspan is well-positioned for sustainable long-term growth due to its resilient business model, attractive fleet, high quality customer base and financial strength. We are a trusted partner to our customers, providing them with high-quality modern vessels, best-in-class operations, innovative ship design, and efficient performance. We are truly a global company, employing 4800+ people around the world. As of March 31, 2022, Seaspan's operating fleet consisted of 132 vessels with a total capacity of 1,147,980 TEU, and an additional 67 vessels under construction, increasing total fleet capacity to 1,959,380 TEU, on a fully delivered basis. Seaspan’s operating fleet has an average age of 8.2 years and an average remaining charter period of 4.6 years.
Seaspan has developed its Ship Recycling Policy, which prioritizes a responsible approach to the decommissioning and recycling of our vessels. All Seaspan vessels maintain certification required by the Hong Kong Convention. Furthermore, the company’s purchase process ensures that hazardous materials, noted in the governing legislation, are properly identified, declared and an accurate inventory of hazardous materials is maintained. Seaspan is committed to safe, sustainable, socially responsible recycling of ships and strives to ensure that recycling of any of its ships performed at shipyards does not present any unnecessary risk to human health and safety, and the environment.
Yes
Yes
https://atlascorporation.com/wp-content/uploads/2020/12/Ship-Recycling-Policy-09.24.20.pdf
2020
Yes
No
Yes
25-50%
No
Yes
https://atlascorporation.com/wp-content/uploads/2020/12/Ship-Recycling-Policy-09.24.20.pdf
No
Yes
No
https://atlascorporation.com/wp-content/uploads/2021/08/2020-Atlas-Corp-Sustainability-Report.pdf
No
Yes
i. Not recycle the vessel within 24 months of purchase ii. Comply with requirements of the Basel Convention, Hong Kong Convention, as well as all EU and other applicable regulations, whether international, national and/or local, if the Buyer recycles the vessel at any time in the future.
Yes
See answer 3.1.1
Never
Never
Never
Always
The company will use standard form (RECYCLECON from BIMCO) with logical amendments in synch with the company's Recycling Policy.
Always
No recent precedent. The contract will include requirements per our Recycling Policy
Yes
The Ship Recycling contract will include the requirements for access to the ship and monitoring , throughout the ship recycling process
Yes
Always
Always
No
No
Always
Company policy requires the nomination of recycling yards which are HK Convention compliant.
Always
Seaspan undertakes to inspect selected recycling yards, either independently or with an industry body.
Always
Always
Always
Seaspan conducts operations in line with its “Code of Business Conduct and Ethics” and as such selects SRF which demonstrate acceptable environmental and labour practices confirming the Modern Slavery Act.
Never