COSCON signs charter parties for eight 13,100 TEU vessels

On September 8th, 2007, COSCON signed the charter parties with Seaspan Corporation for eight 13,100 TEU newbuilding vessels in Beijing. As per the charter parties, the charter period will be twelve years and the rate will be USD 55,000 per vessel per day.

The vessels will be built by Hyundai Heavy Industries Co., Ltd. and Hyundai Samho Heavy Industries Co., Ltd. of Korea and delivered in 2011. After the delivery, they will be deployed in the East-West trunk services. COSCON expects these new vessels to enhance their competitiveness and enable them to provide better service to clients.

Wei Jiafu, executive president and CEO of COSCO Group and Seaspan CEO Gerry Wang signed the charter parties respectively. Capt. Mr. Kyle Washington, chairman of the board of Seaspan and Mr. D.Y.Han, executive vice president from Hyundai Heavy Industries, attended the signing ceremony.

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