Eastern Pacific Shipping has reached a deal worth an estimated $730m with CMA CGM that secures long-term employment for five of its 15,000-teu boxship newbuildings on order at Hyundai Samho Heavy Industries in South Korea.
Boxship market sources said Eastern Pacific, which currently has two vessels on charter to CMA CGM, has strengthened its relationship with the French containership giant by chartering out the neo-panamax vessels for 10 years.
