Capital Ship Management Adds Post-Panamax Boxship

Capital Ship Management Greece-based Capital Ship Management Corp. has taken delivery of a secondhand Post-Panamax container carrier, the Athenian, previously named Hanjin China. The 118,835 dwt vessel was built by South Korean shipyard Samsung Heavy Industries in 2011. According to data provided by VesselsValue, the containership was purchased through an auction procedure, following an arrest, for a price of USD 33 million. With a capacity of 9,954 TEUs, the Post-Panamax is one of five sister ships bought in late March, which are scheduled to be delivered to their new owner in 2017. The remaining vessels from the batch include the 2010- and 2011-built Hanjin Korea, Hanjin Netherlands, Hanjin Spain and Hanjin United Kingdom, all of which were acquired through a bank sale following the bankruptcy of South Koreas shipping company Hanjin Shipping. Capital Ship Management is currently operating a fleet of 58 vessels with a total of 6.18 million dwt.