Navigare Capital Sells Five-Year-Old Boxship

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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.

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Source: splash