Navigare Capital Sells Its Five-Year-Old Boxship

359
Credit: Timelab Pro/Unsplash

The Copenhagen-based alternative investment fund manager confirmed the sale.

  • VesselsValue estimates the 10,100 teu boxship, Navigare Capital picked up as a resale for a reported $70m, to be worth $72.5m. 
  • Navigare Capital has five boxships, with investments in six 2,700 teu vessels under construction at Guangzhou Huangpu Shipbuilding.

Denmark’s Navigare Capital Partners has sold its youngest containership to German shipowner D Oltmann Reederei.

Five-year-old boxship sold

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.

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.

New boxships

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: Splash247