From The Playbook

When you’re good and connected, anything is possible. Last week, Seaspan announced that it had purchased a newly delivered 4,250 TEU newbuilding containership for approximately $43 million from Zhejiang Shipbuilding Co Ltd of China. Based upon information provided by our neighbors, this is a very favorable price, approaching the newbuilding low prior to 2004, calculated at $10,000 per TEU. The price likely compares favorably with their Samsung newbuildings, which formed the core of its initial fleet.

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