Borealis Finance acquires panamax boxship from Thomas Schulte

Christoph Toepfer-led Borealis Finance has announced the acquisition of 2012-built 4,249 teu containership Balthasar Schulte.

The Chinese-built vessel was acquired from German owner Thomas Schulte for a price of $10.9m. MSI values the vessel at $10.2m.

The vessel is Borealis Finance’s first purchase this year, having sold three panamax boxships since May.

Borealis Finance currently owns a fleet of 23 vessels, comprised of three bulkers and 20 boxships.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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