Germany's Reederei Nord is profiting from the soaring container market with the sale of its tenth container ship this year.
The Hamburg-based company is selling the 1,774-teu Nordamstel (built 2019) in a market that managing director Kurt Klemme describes as the highest seen in 50 years of container shipping.
Price is believed to be in line with similar sales at around $40m, although terms and the buyer are not disclosed.
