Seaspan Corporation Buys Four Hanjin Panamaxes

Hanjin Kingston. Image Courtesy: YouTube/Screenshot

Hong Kong-based Seaspan Corporation has purchased four Panamax containerships from the bankrupt South Korean container carrier Hanjin Shipping through a bank sale, according to reports from brokers.

The vessels were sold by a consortium of banks led by the Export Import Bank of Korea and Germany’s HSH Nordbank.

The four boxships, Hanjin Kingston, Hanjin Gdynia, Hanjin Atlanta and Hanjin Monaco, have the same capacity of 4,275 twenty-foot equivalent units (TEUs).

The vessels were built by South Korea’s Samsung Heavy Industries between 2008 and 2009. Each vessel was sold for USD 5.6 million.

Last week, Hanjin’s compatriot Korea Marine Transport Co (KMTC) entered into an identical deal with the consortium of banks. KMTC also bought four 4,275 TEU Hanjin boxships, all built by SHI in 2008, for a combined price of USD 22.4 million.

Earlier this month, Dutch media reported that three 13,000 TEU Hanjin containerships were sold at an auction in Rotterdam for a total of USD 392 million.

The 2012- and 2013- built Hanjin Europe, Hanjin Africa and Hanjin Harmony were reportedly sold on behalf of the German HSH Nordbank.

Another Hanjin ship, the Hanjin Gold, is expected to be auctioned off by a Rotterdam court in January 2017.

World Maritime News Staff

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