Seaspan to Buy 4 from Maersk

Wednesday, October 11, 2006
Reuters reported that Seaspan Corp. has agreed to buy four container vessels from A.P. Moller-Maersk A/S for $40m per vessel. The company said each new 4800 TEU vessels was expected to contribute between $5.9 million and $6.3 million in incremental EBITDA in the first year following acquisition. The vessels are expected to be delivered to Seaspan between Nov. 1 and Dec. 31.

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