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Hanjin takes Danaos quintet on charter

Hanjin takes Danaos quintet on charter

Seoul: Hanjin Shipping has signed up for five new chartered container vessels of 3,400 teu class, the order placed with Hanjin Heavy Industries, for 13 years maximum from Danaos Shipping Co., Ltd.

Hanjin Shipping and the Greek ship owner penned a contract for the container vessel chartering at Hanjin Shipping's Head Office in Seoul on 19th this month. On that day, the officials from the each company were present, including Senior Executive Vice President(COO) of Hanjin Shipping Young-min Kim and Dr. John Coustas (pictured) from Danaos Shipping.

This contract was made in order to secure seven chartered vessels of 3,000 teu class for the return of the current chartered vessels, and to prepare adequate vessel lineups for potential mid- to long-term demands.

Under the contract, Hanjin Shipping will be provided with mid-sized container vessels of load capacity of 3,398 teu, 43,300 dwt with 222.5m in length and 32.2m in width. Its engine is 42,413 hp and speed 23 knot.

Each vessel is equipped with green engines that save as much as about 600 tons annually, scheduled for delivery from late 2009. The vessels are expected to be deployed on the Mediterranean and South America routes and help boost profitability by reducing operation costs.

Hanjin Shipping is operating approximately 90 container vessels on 60 routes worldwide.  [20/04/07]