Navigare Capital Sells Five-Year-Old Boxship

399
Credits: motomoto sc/ Unsplash

Denmark’s Navigare Capital Partners has sold its youngest containership to German shipowner D Oltmann Reederei, says an article published on splash.

Undisclosed price tag

The Copenhagen-based alternative investment fund manager, which has containers, bulkers, tankers, gas carriers and offshore wind support vessels in its portfolio, confirmed the sale and delivery of the 2018-built Navigare Collector for an undisclosed price tag.

Eight owned ships

VesselsValue estimates the 10,100 teu boxship, Navigare Capital picked up as a resale for a reported $70m, to be worth $72.5m.

The vessel also comes with a charter to Japan’s Ocean Network Express (ONE) and will be the largest and youngest in D Oltmann’s fleet of eight owned ships.

Investments in vessels

Following the sale, Navigare Capital has five boxships, with investments in six 2,700 teu vessels under construction at Guangzhou Huangpu Shipbuilding.

Did you subscribe to our Newsletter?

It’s Free! Click here to Subscribe.

Source: splash