Borealis confirms boxship sale

Christoph Toepfer’s Borealis Finance has announced the sale of 2006-built 2,732 teu containership Telemann.

The vessel was sold for $7.5m, and delivered to its new owner yesterday.

Splash reported the sale of the vessel in December 2020 as part of a $15m enbloc deal with Mediterranean Shipping Company (MSC) that included the Bomar Spring.

Containership prices have skyrocketed since December when the deal was done. At the time, VesselsValue placed a $14.5m valuation on the pair which it today values at over $21m.

MSC continues to snap up secondhand ships to add to its fleet, while Borealis has been juggling its fleet active with both sales and acquisitions.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
Back to top button