Seaspan looks to have finally capitulated on its stance against charter rate cuts for vessels fixed to struggling Hanjin Shipping.
The South Korean shipowner said Seaspan had agreed to cut the charter rates "in alternative ways", but gave no further details in a statement released Sunday.
“With the charter rate cut talks completed, it could have the effect of saving some KRW 800bn ($718m) in cash,” Hanjin said.
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