SINOKOR Merchant Marine sold four panamax box ships to Mediterranean Shipping Company (MSC) for US$350 million, earning a seven-fold profit, reports London's Loadstar.
Brokers declared that at the end of January, MSC bought the 2005-built 7,471-TEU Baltic Bridge, 2010-built 4,432-TEU Baltic South, 2006-built 4,298-TEU North Bridge, and 2002-built 4,253-TEU Singapore Bridge.
sinokor operates on intra-Asia lanes and tends to deploy feeder and sub-panamax vessels.
Sinokor acquired North Bridge for $14.8 million in 2014, Baltic Bridge for $14 million in 2017, Baltic South for $10 million, and Singapore Bridge for $7.9 million, both in 2019.
MSC acquired 411,000 TEU of capacity last year, mostly through second-hand purchases.
The Swiss-Italian liner giant now has an aggregate capacity of 4.31 million TEU, of which 1.6 million is owned, with another 1.2 million TEU in its order book.
SeaNews Turkey
Brokers declared that at the end of January, MSC bought the 2005-built 7,471-TEU Baltic Bridge, 2010-built 4,432-TEU Baltic South, 2006-built 4,298-TEU North Bridge, and 2002-built 4,253-TEU Singapore Bridge.
sinokor operates on intra-Asia lanes and tends to deploy feeder and sub-panamax vessels.
Sinokor acquired North Bridge for $14.8 million in 2014, Baltic Bridge for $14 million in 2017, Baltic South for $10 million, and Singapore Bridge for $7.9 million, both in 2019.
MSC acquired 411,000 TEU of capacity last year, mostly through second-hand purchases.
The Swiss-Italian liner giant now has an aggregate capacity of 4.31 million TEU, of which 1.6 million is owned, with another 1.2 million TEU in its order book.
SeaNews Turkey
