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MSC’s secondhand splurge continues

Mediterranean Shipping Co (MSC) is busy scouring the market for secondhand tonnage.

Brokers Braemar ACM link the Aponte family controlled liner with the acquisition for $10.5m of the 20-year-old, 5,456 teu, German-built SM Tacoma.

The marks the third change of hands for the vessel this year. SM Lines of South Korea sold the ship, previously part of the defunct Hanjin empire, to demo specialists GMS. GMS, however, decided the ship was still tradeable and in MSC have found willing buyers.

“The second hand market continued to be active with a number of older ships on the receiving end of buying interest from liner companies as the charter market marches on,” Braemar ACM noted in its most recent weekly report.

This is the third secondhand boxship MSC has bought in quick succession.

The gap between MSC and Maersk for top spot in the global liner rankings is now less than 300,000 slots.

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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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