|Mysterious sale of CMA CGM boxship|
|Thursday, 28 January 2010 10:35|
Mystery surrounds the sale of a Hanjin-built 6,500TEU vessel which was ordered by France’s CMA CGM.
According to Asiasis, the deal has been “shrouded in mystery; precise details of the transaction, including the identity of the new owner are hard to ascertain.”
The Korean publication reported that top executives from the French shipping line had arrived in Seoul to conduct meetings with Hanjin Heavy Industries after it sold the vessel to another buyer.
The ‘CMA CGM Kessel’, which has since been re-named, was reportedly sold for as little as US$41 million. The original price of the vessel was US$99 million. CMA CGM reportedly made a down payment of 50 percent of the newbuilding price, and this is said to have been forfeited.
CMA CGM took delivery of the ‘CMA CGM Corneille’ but was unable to raise funds for pay the outstanding amounts due for three other containership which were completed in 2009.
Asiasis reported that Greece’s George Economou was the likely purchaser of the vessel in question, though the deal was supposedly done in a “private capacity” and did not involve Mr Economou’s company, DryShips.
Latest Book Reviews
- Surface Treated Composites: White Book
- A Year in the Life of the P&O Cruises Fleet
- An Introduction To Bunker Credit Risk
- The Tweed To The Northern Isles: The Fishing Industry Through Time
- Saltwater Leadership: A Primer on Leadership for the Junior Sea-Service Officer
- Megayachts: concept • design • construction
- Operation KE: The Cactus Air Force and the Japanese Withdrawal from Guadalcanal
Latest CommentsGeoff Collet:
As a retired commercial fisher, 60 odd years in or associated with that industry. I have...
Jack Nairn: Dear Mr Baird
Just a note of support to you for publicising the need for the world to have rap...
DAVID M. HIRD: An updated and enhanced second edition is now in preparation. Whereas the first edition concentrate...
Chris B.: What might prevent suicides amongst merchant crews?
From a mariner to the operating companies...