Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Seaspan snaps up boxship newbuild resale

Seaspan snaps up boxship newbuild resale

China: Seaspan Corp has acquired a boxship newbuilding resale from a Chinese yard. The container ship owner said it purchased and taken delivery of a 4,250 teu newbuilding for $43m from Zhejiang Shipbuilding. Seaspan is chartering the vessel to United Arab Shipping Co for a two-year period commencing between July 1, 2010 and July 15, 2010 at a rate in excess of $20,000 per day. Seaspan said it funded the purchase of the vessel with existing credit facilities and with equity raised from the sale of $26m of Series B non-convertible perpetual preferred shares issued to Jaccar Holdings Limited, an investor related to Zhejiang Shipbuilding. [04/06/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.