Triton Partners takes geared boxship

Triton Partners takes geared boxship

Private equity concern Triton Partners has picked up a four-year old Chinese built geared boxship.

Triton is paying $13m for the 3,400 teu Hedda Schulte with brokers Braemar ACM reporting the ex-owners, Thomas Schulte Reederei, will retain management of the vessel.

Administrators looking after Hamburg-based Thomas Schulte have been selling off most of the line’s fleet over the past two years.

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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