Contships Management, the world’s largest independent owner of feeder container ships between 900 teu and 1,500 teu, began talks with investors on Tuesday to sell bonds worth at least $100m in the Nordic market.
A placement of the five-year, sustainability-linked securities would make Contships the first privately held Greek firm to tap this particular marketplace for funds.
Shipowner Nikolas Pateras set up the company around a decade ago.