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‘Compelling opportunity’: Gerry Wang explains Hanjin boxship quartet acquisition
Gerry Wang, ceo of Seaspan Corporation, has confirmed a Splash report carried a week ago, on the acquisition of four former Hanjin boxships.
Seaspan has bought a quartet of Samsung Heavy-built 4,275 teu ships for $5.2m each. The vessels are expected to be initially employed in the short-term charter market.
Wang commented, “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, further strengthening our banking relationships and modernising our fleet. Seaspan will continue to seek opportunities to position the Company for a market recovery.”