DIANA Containerships is to purchase the 4,024-TEU Hanjin Malta built by Hanjin Shipbuilding for US$33 million with a three-year lease-back at daily time charter rate
Diana Containerships increase box fleet of panamax ships to 11 DIANA Containerships is to purchase the 4,024-TEU Hanjin Malta built by Hanjin Shipbuilding for US$33 million with a three-year lease-back at daily time charter rate of $25,550 back to South Korea's Hanjin Shipping, reports Alphaliner.
The Athens-based shipowner aims to transfer the panamax vessel by March and have a major dry dock classification survey done in June. This will add to the ten vessels on its fleet of 3,400 TEU and 4,200 TEU bought over the last four years.
Its last deal was for a trio of 4,729-TEU vessels at $30 million each at a 24-month rate of $24,750 a day. It purchased the first, 1995-built APL Garnet in November 2012 and the 1995-built APL Sardonyx.
The Hanjin Malta, built in 1992-1998, forms the fourth in a series of 13 units, one of which was recently sold by scrap at a price of $8.4 million. This low price reflects the lower price that some buyers aim for when purchasing older panamax containerships.
The high price of a 20-year old ships is a reflection of a depressed market. Yet its steep charter rate highlights confidence it can perform well technically over the three-year leased period given.
