A mass sell-off by container ship tonnage provider Qingdao Pengteng International has earned the Chinese company substantial asset gains over the course of 2023.
Latest broker reports indicate that Qingdao Pengteng has sold one of its older feeder-size container ships, the 907-teu A Xinxia (built 2007), to undisclosed interests for $8m.
The company acquired the Japanese-built vessel in January 2021 for $6.5m.
