News / Sinking value of panamax box ships propels Seaspan into a sea of red ink in Q3

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01/11/2016

Containership owner Seaspan Corporation – the biggest individual creditor of bankrupt Hanjin Shipping – is showing a $202.8m loss on the value of 10 of its panamax vessels in its third-quarter results.

The impairment write-down on 10 ships under 5,000 teu pushed Seaspan into a $184m loss ...

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