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Cido sells boxship pair to Arkas

Photo of Sam Chambers Sam ChambersApril 4, 2017
16 Less than a minute

Hong Kong-based Cido Shipping has sold a pair of sub-3,000 teu boxships to Turkey’s Arkas Denizcilik.

The fast expanding Turkish line is believed to be paying $9.5m per unit for the sister ships, Maersk Jubail and Maersk Jaipur. The ships were built at Hyundai Mipo nine years ago and have capacities of 2,824 teu each.

In January Arkas, which is primarily an intra-Mediterranean operator, ordered four 3,100 teu vessels in China for delivery within the next 12 months.

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Photo of Sam Chambers Sam ChambersApril 4, 2017
16 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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