Cido sells 10 box ships to MPC Container Ships for US$130 million
Reklam
Reklam
Reklam
Reklam
Reklam

Cido sells 10 box ships to MPC Container Ships for US$130 million

MPC Container Ships, a feeder specialist established by Germany's MPC Capital in April, is to acquire the entire containership fleet of Korean owner Cido Shipping for US$130 million. Cido Shipping is selling all 10 of its vessels to exit the sector.

01 December 2017 - 20:00 - Update: 03 December 2017 - 22:47

MPC will acquire: the 2007-built Ocean Arrow, the MCC Dhaka, the 2008-built Ocean Blue, the 2009-built Maersk Warsaw, Maersk Westport and the Maersk Weymouth, as well as a 2011-built Maersk Weisbaden, Maersk Winnipeg, the Maersk Wolfburg and Maersk Wolfgast, reported Singapore's Splash 24/7.

MPC Container Ships has quickly built up a fleet of 23 vessels ranging in size from 1,000 to 3,000 TEU. This latest vessel acquisition will raise its fleet to 33 ships, but the company still has a long way to go before it reaches its targeted fleet size of 100 feeder ships.

Cido Shipping will utilise the proceeds of the sale for further vessel acquisitions, but in a different sector.

 

 

 

This news 156 hits received.

COMMENTS

  • 0 Comment
No comments added yet. Be the first to comment..
MAY INTEREST YOU x
Pilot boat Pilot L242 capsized, crew of two dead
Pilot boat Pilot L242 capsized, crew of two dead
Dover-bound ferry
Dover-bound ferry "Pride of Kent" runs aground in Calais due to bad...