The containership sale-and-purchase market remains robust, with significant trading in sub-5,000 TEU vessels over the past two weeks, reports Lloyd's List.
The containership sale-and-purchase market has maintained momentum, with brisk trading in sub-5,000 TEU tonnage over the past two weeks, reports London's Lloyd's List.
Brokers indicated that Mediterranean Shipping Co acquired the 3,534-TEU Gerhard Schulte from Germany's Schulte Group for US$24 million. The 2006-built vessel is scheduled for delivery in June after its current charter expires.
In the feedermax segment, Braemar reported that Zeaborn Group's 2,824-TEU Monaco was committed to a major container line for US$25.5 million. Additionally, Hammonia Reederei sold its 2,798 TEU Hammonia Baltica to Vietnam's Hai An Transport for US$30.5 million.
Hai An Transport operates 18 boxships ranging from 787 TEU to 3,338 TEU and is expected to take delivery of two 3,000 TEU and two 7,165 TEU newbuildings by 2028, according to Alphaliner.
China United Lines sold the 2,770-TEU Cul Jakarta to India's Orient Express Lines for US$39 million. In the regional feeder segment, Marlow Navigation sold four 1,300-TEU high-reefer sister ships—Arsos, Fouma, Varamo, and Warnow Dolphin—for US$52 million en bloc, with market sources suggesting that Singapore's X-Press Feeders is the buyer.
Despite ongoing hostilities in the Middle East, Alphaliner noted that the buying appetite remains strong, keeping prices firm. However, whether the crisis will affect demand in the coming months remains uncertain.
