Seaspan Corp has detailed $1.3bn of new lease financing as part of its massive 45-ship newbuilding drive.

And the shipowner said it is closing in on deals to fund another 24 new vessels.

The subsidiary of New York-listed Atlas Corp said it was taking the unusual step of revealing its financing status in the interests of transparency, due to the "magnitude of change in the composition of capital structure and impact on growth investment and related financing".