Seaspan Corp has fixed $1.17bn of new financing for 15 dual-fuel container vessels on order in China.

The transaction was revealed by UK law firm Watson Farley & Williams (WFW), which advised French lender BNP Paribas (BNPP).

The bank acted as agent for Chinese export credit agency (ECA) Sinosure, which is backing the financing.

The funding is taking the shape of Japanese operating leases with call options (JOLCOs).