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Seaspan to buy 4 sound Hanjin 4,275-TEUers at scrap value prices

Hong Kong-administered Seaspan, the non-operating shipowner and ship lessor, is reportedly buying four old 4,275-TEU ships from the insolvent Hanjin Shipping fleet for US$5.2 million a piece.
“The purchase of these vessels represents a compelling opportunity. We purchased modern assets at a price equivalent to steel value from a leading financial institution,” said Seaspan CEO Gerry Wang.

This further strengthens Seaspan’s banking relationships and modernises our fleet, he said.The vessels are sister ships to vessels currently in Seaspan’s fleet and include a 2008-built 4,275-TEU vessel and three 2009-built 4,275-TEU vessels constructed by Samsung Heavy Industries.

The vessels are expected to be employed in the short-term charter market.


Source: Shipping Gazette

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