Lomar Shipping is raking in a profit of more than $40m on the sale of a sub-panamax container ship purchased less than 18 months ago.

The UK-based owner is selling the 2,872-teu Windswept (built 2010) for around $52m to China-backed logistics newcomer Transfar Shipping, according to market sources.

The deal will net a chunky profit for Lomar, which bought the vessel in October 2020 for close to $10m.