Interunity and NSC take over restructuring of boxship fleet

German and Greek companies are helping new owner generate value and settle court claims relating to five sub-panamaxes

3 July 2020 9:25 GMT Updated 3 July 2020 9:25 GMT

By Gary Dixon

in London

Two heavyweight owners have teamed up to nurse a restructuring boxship fleet back to health.

Germany’s NSC Schiffahrt and Greece’s Interunity Management Corp are overseeing the operation of five sub-panamax sisterships with outstanding claims against them.

One of the former German KG (limited partnership)-owned vessels — the 2,872-teu Arica (built 2007) — is to be auctioned off in the US this month after an arrest and court order in Delaware.