Friday, 03 May 2019 14:46

Seaspan gains $227m charter penalty windfall from ONE

559 Seaspan


Seaspan has benefited from the merger of Japan’s K Line, MOL and NYK last year. A penalty contract payment of $227m from a ONE equity owner was paid to Seaspan due to the early termination of the charter parties related to seven vessels which were no longer required by the new entity. After finishing the charters on 31 March and being compensated, Seaspan was able to successfully fix all seven ships to other customers.

Read 594 times Last modified on Friday, 03 May 2019 15:11
Login to post comments