Containership charter market feels the ripples from trade tensions
The charter market for containerships is diverging in response to the many pressures on supply ...
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 for the quarter and a $140m deficit for the nine-month period.
Seaspan’s revenues improved to $225m in Q3 from $213m in the same period last year, and for the nine months, revenue was also up, at ...
Keep our news independent, by supporting The Loadstar
Volume surge and an early peak season? 'Don't celebrate too soon,' warning
China-US trade tariff pause could drive a rebound for transpacific rates
Ecommerce likely the front-runner in resurge of transpacific trade after deal
Shippers should check out the 'small print' in China-US tariff cuts
Service chaos from trade ban with India a problem for Pakistan shippers
Carriers impose 'emergency operation' surcharges on Pakistan cargo
15% rebate for box ships as Suez Canal Authority woos carriers
Comment on this article