Containership charter market feels the ripples from trade tensions
The charter market for containerships is diverging in response to the many pressures on supply ...
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By Mike Wackett
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 ...
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