Fledgling Greek feedership player Contships Management is making its first ship sales but this does not mean it is putting a halt to its expansion.
Instead, it is looking to replace any units sold with bigger vessels.
A company executive confirms reports that Athens-based Contships has sold the 704-teu Contship Cup (built 2007) to South Korean buyers. The Yangfan group-built vessel fetched $3.8m.
