Hanjin's competitors quickly instituted new service loops. Owners of chartered ships also moved quickly. Peter Curtis, Chief Operating Officer of shipowner Seaspan Corporation (whose tough stance on renegotiating charters with Hanjin had made news throughout the summer months) told a late-October briefing of journalists in Vancouver, "…We are out of Hanjin now." Seaspan had three wholly owned 10,000 teu ships on ten year charters to Hanjin, along with four managed ships, owned by a related private-equity backed company.