Continental Investment Holdings (CIH) intends to sell its last five containerships for demolition, according to a key executive.
But Than Htaik, senior general manager of management arm Continental Shipping Line (CSL), this week denied widespread reports by brokers that the shipowner had tied up an enbloc deal to scrap the quintet.
“We haven’t signed any deals yet so I don’t know why it is being reported in the market, but that is the plan,” he told TradeWinds.
