Oslo-based Awilco Container has scored a significant profit by selling the last of seven boxships that the shipowner bought cheaply in 2017 and 2018.
European shipbrokers said the company's 4,250-teu Alabama (built 2010) has changed hands for $35m. The Awilhelmsen Group-controlled shipowner owned the ship on a 50:50 basis with US-based Transportation Recovery Fund (TRF).
The price tag means the two companies have pocked a profit of more than $23m on the containership.
