Money is no object to the Singapore-registered, Alibaba-linked Transfar Shipping – getting box tonnage, whatever the costs are the priority in today’s tight container markets, says an article published in Splash 247.
About Transfar Shipping
Brokers report Transfar has taken the 13-year-old, 4,600 teu Northern Prelude from Germany’s Northern Shipping for a period of up to three months at a stunning $200,000 a day.
Last week UK-based Lomar Shipping committed the 2010-built, 2,872 teu Windswept for $52m to Transfar. Lomar had picked up the ship – along with a sister vessel – in late 2020 for just over $10m per unit.
Transfar is owned by Chinese 3PL Worldwide Logistics, a company in which Cainiao, Alibaba’s logistics arm, bought sizeable stake in 2020. The company is one of a host of new names that have entered the transpacific trades during the pandemic.
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