AmericasContainers

‘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.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button