Financial firms Tite Street Capital and Crestline Investors have teamed up to buy their third container ship on charter to AP Moller-Maersk.
Tite Street, an investment advisor and asset manager based in the UK, said that the two companies have purchased the 2,550-teu feeder vessel Hammonia Berolina (built 2007), which had been owned by Germany’s Hammonia Reederei.
The price for the Chinese-built ship was not disclosed, but Tite Street chief investment officer Guido Lang told TradeWinds that the transaction was done in the mid-$20m range.
