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Holding Company
AUTOMOTIVE & TRANSPORTATION | Transportation Services / Marine Shipping & Management Services
seaspan.com

Investments

5

Partners & Customers

10

About Seaspan

Seaspan consists of Canadian companies primarily involved in coastal marine and deep-sea transportation, bunker fueling, ship repair and shipbuilding services on the West Coast of North America. Through its subsidiaries, Seaspan also provides commercial ferry, shipyard and bunkering services.

Headquarters Location

10 Pemberton Avenue

Vancouver, British Columbia, V7P 2R1,

Canada

604-988-3111

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Latest Seaspan News

Seaspan launches world's first electric tugboat

Jul 28, 2023

Seaspan launches world's first electric tugboat Jordan Pechie, senior vice-president Seaspan Marine Transportation (left) and Vincent Percy, director of operations for HaiSea Marine, stand aboard HaiSea Wamis, the world’s first all-electric tugboat. | Paul McGrath / North Shore News It’s got enough power to push around an LNG tanker weighing close to 100,000 tonnes, but it doesn’t emit a whiff of carbon. HaiSea Marine, a partnership between the Haisla Nation and North Vancouver’s Seaspan, has launched HaiSea Wamis, the world’s first all-electric tugboat. “This will live its entire life on a zero emissions platform,” said Jordan Pechie, senior vice-president of Seaspan Marine Transportation. “It will change the game, for sure.” In their negotiations over the approval of LNG Canada’s export terminal, it was the Haisla Nation leadership that insisted the project have the least environmental impact possible, including the possibility of a zero-emission tugboat. Seaspansought out naval architecture firm Robert Allan Ltd. to do the design and had the HaiSea Wamis build at a Turkish shipyard, where almost all of the world’s tugs are produced because of local expertise. (Yes, Seaspan also owns a major shipyard in North Vancouver but it is fully booked for the years ahead making vessels under Canada’s National Shipbuilding Strategy.) The name was chosen through a contest held by the Haisla Nation, which wanted to the tug to honour Wamis, who, in their creation story, was their first ancestor to settle in what is now Kitimat. HaiSea Wamis made its first public appearance as part of a ceremony in July, sailing under Lions Gate Bridge. Until the LNG Canada terminal is ready for tankers, HaiSea Wamis will be put to work helping ships dock in the Vancouver harbour. The surest way to spot HaiSea Wamis is to look for the tug that doesn’t have two massive smokestacks flanking the wheelhouse and belching out diesel exhaust. With those out of the picture, the tug’s masters quickly found visibility from the HaiSea Wamis unlike any other tug on the water, Pechie said. “Visibility is everything,” he said. “Especially when you’re ship docking, you need to see all points of contact, you need to see your crew, you need to see the lines.” The captains have also had to adjust to the almost instant torque that electric motors provide, making the vessel far more responsive than what they’re used to, so much so that the throttle has been designed to ease power up slowly. Inside, it’s still got that new tugboat smell. The quarters have four cozy but private bedrooms and bathrooms, where crew members, many of whom are Haisla Nation members, will stay when they are on shift. Below deck, there are six massive banks of 5,300 kilowatt hour Corvus batteries – about the equivalent of 70 top-of-the-line Teslas running full time. The electric drive system boasts about 7,000 horsepower, but with a 1,000- to 1,500-tonne reduction in greenhouse gas emission. And Pechie said it should produce about 33 per cent less underwater noise compared to a diesel engine, making it a friendlier system for marine life. The capital cost for the world’s first all-electric tug is higher up front, Pechie conceded, but the operational cost is much lower, with the break-even point coming after eight years, although Pechie added, other electric tugs designed for different tasks may reduce that number. And wear-and-tear and maintenance costs for their motors should be a fraction of their diesel cousins, Pechie said. Although there is no hard mandate, the International Maritime Organization has set targets for the marine industry to be at net-zero carbon emissions by 2050, with zero- or near-zero carbon fuels in use by 2030. For harbour work, tugs like the HaiSea Wamis, just like its namesake, will be a leader, Pechie said. “This model is the future. This what belongs in British Columbia. For terminal contracts, electric tugs just make perfect sense,” he said, noting that 28 more electric tugs are now in production with some bound for the Vancouver harbour. “So it’s nice to know, we weren’t crazy. Smart people are copying us, which means we’re headed in the right direction.”

Seaspan Investments

5 Investments

Seaspan has made 5 investments. Their latest investment was in University of Victoria as part of their Grant on November 11, 2017.

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Seaspan Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/17/2017

Grant

University of Victoria

$0.78M

Yes

1

3/31/2017

Seed VC

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$99M

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10

2/18/2016

Grant

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$99M

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10

Other Investors

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0

Other Investors

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0

Date

11/17/2017

3/31/2017

2/18/2016

Round

Grant

Seed VC

Grant

Other Investors

Other Investors

Company

University of Victoria

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Amount

$0.78M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

0

0

Seaspan Partners & Customers

10 Partners and customers

Seaspan has 10 strategic partners and customers. Seaspan recently partnered with HaiSea Marine, and Pacific Marine Construction on June 6, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

6/22/2023

Client, and Vendor

Canada, and

HaiSea Marine makes progress on floating facility that will be home to the greenest tugboat fleet in the world - Seaspan

`` We are honoured to build a facility that will embody the values of both Haisla Nation and Seaspan ULC and reflect their true partnership , '' said Cory Handyside , President of Pacific Marine Construction .

1

12/2/2022

Partner

Canada

Gitxaala And Seaspan Launch Ship Escort and Docking Service in Prince Rupert - Seaspan

Beginning January 1 , 2023 , the partnership between Gitxaala Nation and Seaspan will have modern , high efficiency 65T bollard tugs stationed at Prince Rupert .

1

6/28/2022

Partner

Canada

Agreements include a Relationship Protocol Agreement and Impact Benefit Agreement. Snuneymuxw First Nation signs agreements with Seaspan Ferries Corporation - Seaspan

Snuneymuxw First Nation Territory -- June 28 , 2022 -- Snuneymuxw First Nation and Seaspan announce the parties have entered into agreements regarding current and proposed projects in Snuneymuxw First Nation Territory , including mechanisms on how to work together on an on-going basis .

1

4/20/2021

Partner

Canada

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10

3/9/2021

Client

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10

Date

6/22/2023

12/2/2022

6/28/2022

4/20/2021

3/9/2021

Type

Client, and Vendor

Partner

Partner

Partner

Client

Business Partner

Country

Canada, and

Canada

Canada

Canada

News Snippet

HaiSea Marine makes progress on floating facility that will be home to the greenest tugboat fleet in the world - Seaspan

`` We are honoured to build a facility that will embody the values of both Haisla Nation and Seaspan ULC and reflect their true partnership , '' said Cory Handyside , President of Pacific Marine Construction .

Gitxaala And Seaspan Launch Ship Escort and Docking Service in Prince Rupert - Seaspan

Beginning January 1 , 2023 , the partnership between Gitxaala Nation and Seaspan will have modern , high efficiency 65T bollard tugs stationed at Prince Rupert .

Agreements include a Relationship Protocol Agreement and Impact Benefit Agreement. Snuneymuxw First Nation signs agreements with Seaspan Ferries Corporation - Seaspan

Snuneymuxw First Nation Territory -- June 28 , 2022 -- Snuneymuxw First Nation and Seaspan announce the parties have entered into agreements regarding current and proposed projects in Snuneymuxw First Nation Territory , including mechanisms on how to work together on an on-going basis .

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Sources

1

1

1

10

10

Seaspan Team

11 Team Members

Seaspan has 11 team members, including current President, Bart Reynolds.

Name

Work History

Title

Status

Bart Reynolds

President

Current

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Name

Bart Reynolds

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Work History

Title

President

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Status

Current

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