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Asia Pacific Containers Shipbuilding

Seaspan rejects force majeure from Chinese yard

Chairman Bing Chen said the company is working hard to help mitigate potential impact to deliveries of its newbuildings

  • Analysis

Seaspan has more than 50 ships, whose sizes range from 7,000 teu to 24,232 teu, on order with Chinese yards. Softening freight rates could prompt carriers to take advantage of postponed deliveries and seek renegotiate or cancel the existing charterparty 

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