Case Study: Seaspan explores nuclear-powered containerships with Lloyd's Register advisory

Seaspan boosts cargo capacity 38% with Lloyd's Register

Seaspan Corporation, a major container ship fleet operator, faced the challenge of rising fuel costs and growing pressure to reduce greenhouse gas emissions while maintaining competitiveness. They engaged Lloyd's Register's Advisory services to independently assess the viability of using small modular reactors (SMRs) for nuclear-powered propulsion in their future vessels.

Lloyd's Register, in collaboration with LucidCatalyst, conducted a study that modeled the potential of nuclear-powered containerships. The solution outlined a pathway for deployment, with modeling showing a nuclear-powered ship could operate 39% faster, increasing annual cargo capacity by 38% and eliminating approximately $50 million in annual fuel costs on some routes. The study provided Seaspan with clear viability thresholds and a strategic framework, informing their long-term energy planning and investment decisions.

Seaspan