Shanghai Waigaoqiao Shipbuilding (SWS) has reeled in an order from Seaspan Corp for 10 containership newbuildings worth around $860m.

Shipbuilding sources said Seaspan has contracted Chinese state-owned SWS to build the 7,000-teu series for delivery in 2024, backed by charters to Singapore-based Ocean Network Express (ONE).

Seaspan has opted for vessels that will run on conventional marine fuels, and the company is said to be paying around $86m per ship.

News that Hong Kong and Vancouver-based Seaspan were planning to order the 10 containerships at SWS was first reported in TradeWinds in June.