K Shipbuilding is making its debut in the container ship sector with newbuilding orders worth more than $960m.

The South Korean shipyard — the former STX Offshore & Shipbuilding — is tipped to win a deal for up to eight 8,000-teu container ships from Seaspan Corp.

Shipbuilding sources described the discussions between K Shipbuilding and Seaspan to be at an “advanced stage” and that the deal may be wrapped up over the next few weeks.