CMA CGM takes another feeder boxship

CMA CGM takes another feeder boxship

French liner giant CMA CGM has bought the 1,118 teu Dolphin Strait from Germany’s Carsten Rehder for a price Alphaliner reports as $3.8m.

The ship, which is fitted with 220 reefer plugs, is currently on charter to South Korean operator SM Line, on a service connecting South Korea, Hong Kong to Vietnam.

The Dolphin Strait is the second CV 1100 design boxship  purchased by CMA CGM in recent times, adding to the Asturiano, acquired in November from the Argentinean group Ultrapetrol for a reported $3.9m.

“Both transactions reflect the French carrier’s willingness to take advantage of the current low second hand prices to modernize and expand its fleet of owned container tonnage,” Alphaliner noted in its most recent weekly report.

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.

Related Posts