|Mysterious sale of CMA CGM boxship|
|Thursday, 28 January 2010 09:35|
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
- The Buccaneer Explorer: William Dampier’s Voyages
- The Containership Register 2015
- The U.S. Naval Institute On Naval Tactics
- Women And English Piracy 1540-1720: Partners and Victims of Crime
- China’s Naval Power: An Offensive Realist Approach
- Energy Security 2.0: How Energy is Central to the Changing Global Balance in the New Age of Geography
- The Conquest Of The North Atlantic: The Achievements of the Early Voyagers, Irish Monks and Viking Seafarers in the Deep Waters of the Atlantic
Latest CommentsTracey: I am reading a wonderful and impressive story......
Martin Renilson: Neil,
Nice positive comment - I couldn't agree with you more.
Ralph Stevens: Thanks for the insight Neil.
Robert Scorsone: Hi, I would like to know about the suction dredge the Sir Thomas Riley, built in Maryborough shipyar...