Dubai-based Global Feeder Services (GFS) continues to buck the asset-light model preference in the feeder container sector with the acquisition of three 3,534-teu vessels from Northern Shipping Holding.
The trio is part of a clearing out of older vessels by the German tonnage provider, which brokers reported has sold two larger container ships to Italy’s Messina Line.
GFS is reportedly paying a combined $51m for the Northern Delegation (built 2008), Northern Defender and Northern Dedication (both built 2007).
