The Hong Kong and Shanghai-listed owner offloaded the 996-teu Xiang Hu and 1,020-teu Xiang Kai (both built 1985) to a related company for a combined fee of close to CNY 34m ($5.5m), it said today in an exchange filing.

CIC Digang paid around $310 per ldt for both vessels, which was the highest bid received during a public tender.

The scrapyard, a wholly owned by CSCL’s controlling shareholder, China Shipping, is due to take delivery of the vessels by the end of this month.

CSCL