Yangzijiang Shipbuilding is poised to sign a newbuilding deal with containership owner Seaspan Corp to build 10 LNG-fuelled 7,000-teu vessels worth $1.05bn in total.

Shipbuilding players told TradeWinds that negotiations for the neo-panamax ships — said to be priced at $105m each — have been concluded and the official newbuilding contract will be inked imminently.

If confirmed, Seaspan’s order will be Yangzijiang's second LNG-fuelled boxship contract.