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You are here: Home Archive 2009 August Weekly Edition 13th of August 2009 Seaspan refuses help

Seaspan refuses help

by Jim Wilson last modified Aug 13, 2009 05:07 PM

CONTAINERSHIP owner Seaspan is refusing to bow to pressure from either Hapag- Lloyd or CSAV to renegotiate charter contract terms, instead telling it has told its customers to meet their obligations rather than expect to be bailed out by others.

The New York-listed company confirmed last week that it did not participate in the recent rescue plan for CSAV, despite requests and concessions granted by most other owners with ships on charter to the Chilean line.
Seaspan has taken...

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