Gerry Wang-led Seaspan Corp and South Korean shipyard Hyundai Heavy Industries (HHI) are homing in on the finishing line in the race to build and charter a series of large post-panamax ships to Taiwanese operator Yang Ming.
The New York-listed owner has beaten several other owners that were hoping to clinch up to 10 vessels of 14,000 teu, say sources.
TradeWinds is told that HHI has emerged as the front-runner yard for the $1bn-plus contract for an initial five ships, with options for five more.
It
