Christoph Toepfer-led Borealis Finance is enjoying the benefits of a swift V-Shaped recovery in boxship markets.
Charter rates for its 24 feeder to panamax-sized containership have doubled or trebled, and asset prices look set to follow, Toepfer said.
That is helping the Oslo-listed outfit upgrade its fleet by selling older vessels and replacing them with larger, younger ones.
Borealis Finance sold one vessel and purchased another two in the third quarter, including an unnamed 3,600-teu geared feeder vessel (built 2012) with a delivery expected in early December.
