Broking reports indicate Tim Huxley-led Mandarin Shipping is left with just one ship following its latest boxship sales.
Mandarin is understood to have sold the 2017-built, 1,756 teu Mount Kellett to CMA CGM for $45m with the one year older sister vessel, Mount Butler, sold for an undisclosed sum to the same French line.
The deal leaves Mandarin with just the 1,700 teu Mount Cameron. Huxley formed Mandarin with fellow former Clarksons broker Will Fairclough in 2006. All the company’s ships are named after mountains in Hong Kong.
Busy CMA CGM, meanwhile, is also reported to have bought two 12-year-old sister ships, the 4,250 teu ZIM Tarragona and ZIM Constanza, for $72m each.