Seaspan is taking a hard line with South Korea’s Hanjin Shipping over moves by the latter to cut its charter rates. But the course of talks with Hanjin remains a potential overhang on fully consolidating the Greater China Intermodal (GCI) fleet.
Speaking to analysts on the Vancouver-based company’s second quarter conference call, chief executive Gerry Wang says Hanjin has asked for a cut in charter rates over three and a half years for three containerships in return for Hanjin securities.
