Greek container ship owner Nikolas Pateras has again demonstrated his asset play skills with the sale of three vessels from his Contships Management.

Greek shipping sources say the world’s largest independent owner of feeder vessels, of between 900 teu and 1,500 teu, is raising $27m by selling ships acquired between 2018 and 2020 for around $15m.

In the first deal, Contships is said to have committed to selling the 1,118-teu Contship Air (built 2006) and sister ship Contship Leo (2008 built) for around $10m each to US-based Safesea Group.