China Navigation Co (CNCo) has made a rare appearance in the secondhand market, buying a modern feeder-sized containership, Singapore-based brokers said this week.
The 1,740-teu Hansa Ludwigsburg (built 2011), which is controlled by Germany’s Leonhardt & Blumberg, is the first purchase CNCo has made this year.
The Guangzhou Wenchong Shipyard Co-built ship is said to have been sold for $13.8m.
