Seaspan linked to neo-panamax boxship resale
by Ian Lewis
China’s Yangzijiang Shipbuilding is cashing-in on the resale of a neo-panamax containership formerly ordered by George Economou’s Cardiff Marine.
The 11,000-teu vessel has been reportedly sold to Seaspan Corp.
It was one of two boxships commissioned in May 2015, when the Greek owner’sprivate vehicle switched an order for a pair of large bulker newbuildings into one for two mega-containerships.
Since then, discussions between the owner and the shipyard have resulted in the shipbuilder deciding to sell the boxships, say sale-and-purchase brokers.
The containerships were originally said to be costing around $93m apiece, when Cardiff converted two of six newcastlemaxes of 208,000 dwt into a pair of neo-panamax containerships.
Their current value is estimated at $76.8m each, according to VesselsValue, which suggests the buyer will be picking up the containership at a discount.
One source adds that Cardiff is understood to have left a large deposit on the table, so the shipyard is getting substantially more than the buyer is paying.
Seaspan executives were unwilling to comment on reports that the company had bought theship, or that it may be included in charters of similar vessels to CMA CGM.
One source suggests that Mediterranean Shipping Co is involved as charterer.
The sale of one of the two boxship newbuildings leaves the Greek company with only a single containership in its fleet, the 6,477-teu Miramarin (built 2010), which is managed by Dry Tank.