Seaspan: MOL Express Vessel In Stable Condition - Quick Facts

(RTTNews) - Seaspan Corp. (SSW) reported the MOL Express, a 4,600 TEU container vessel went aground in Tateyama Harbour, Japan on January 11, 2015. The company said all preliminary reports indicate the hull is in a stable condition, and no environmental damage has occurred. There were no reported crew injuries. Seaspan and MOL, with the assistance of salvage experts, are working on refloating the vessel.

The vessel is currently on charter to MOL, is managed by Seaspan Corporation, and is owned by Greater China Intermodal Investments LLC, a joint-venture between the Seaspan Corporation, the Carlyle Group, and affiliates of the Washington family and Tiger Group Investments.