New York-listed Seaspan Corporation has taken delivery of a 10,000 TEU containership, the MOL Benefactor, marking the company’s first delivery in 2016.

The new containership, which was constructed at Chinese builder Jiangsu Yangzi Xinfu Shipbuilding, is Seaspan’s ninth 10,000 TEU Saver design containership and the 18th 10,000 TEU vessel in total using Seaspan’s Saver design constructed at Yangzijiang.

The company’s eighth 10,000 TEU Saver, delivered in September 2015 and named the Maersk Guayaquil, was chartered out on five-year, fixed-rate time contract to Danish liner Maersk Line. Maersk may extend the charter with two consecutive one-year options.

The MOL Benefactor will commence an eight-year, fixed-rate time charter with Japanese counterpart Mitsui O.S.K. Lines Ltd. (MOL). The ship is the last of a total of five 10,000 TEU Savers to be chartered by Seaspan to MOL. With this delivery, Seaspan will have nine vessels chartered to MOL.

The delivery of the MOL Benefactor expands the company’s operating fleet to 86 vessels. Seaspan’s managed fleet consists of 118 containerships representing a total capacity of over 935,000 TEU, including 17 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017.