Having earlier this year hit the headlines for sending youthful panamax boxships for scrap, Gerry Wang’s Seaspan has changed tack, wooed by the incredibly low prices on offer.
Seaspan has snapped up four eight-year-old Hanjin boxships from creditors of the bust Korean line.
Seaspan is believed to be paying just $5.25m for the Samsung-built, 4,275 teu quartet. The four ships are listed as Hanjin Kingston, Hanjin Gdynia, Hanjin Atlanta and Hanjin Monaco. The vessels have been lying idle off the Korean coast for the last couple of months.
Splash reported earlier this week that Korean intra-Asia operator KMTC also took another chunk of Hanjin panamax tonnage – paying $5.5m per ship for four similarly sized vessels.