MSC acquires pre-owned vessels after leasing prices skyrocket

According to The Loadstar, citing Alphaliner, the Mediterranean Shipping Company (MSC) is expanding its fleet with a series of used ship acquisitions valued at US$ 180 million. Some of the ships have already been chartered by the company.

According to the publication, MSC focused on buying these ships after container leasing prices skyrocketed in response to rising demand.

Although MSC’s transactions are kept private, both in the leasing market and in the buy and sell market, Alphaliner detailed that there would be four 8,200 to 8,500 TEU ships from Zeaborn Ship Management.

These ships are the ER Tianping, the ER Tianshan, the ER Tokyo, and the ER Texas, built in 2006. MSC had previously chartered the ER Texas for $ 12,400 per day and paid twice for the use of the ER Tokyo. ER Tianshan is chartered by Maersk and ER Tianping is leased by ZIM until March 2021. According to The Loadstar, based on the Alphaliner report, MSC “is interested in just about everything that floats”.

Source: Port Portal

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