Vega Reederei makes quick profit on boxship newbuildings in resale deal with CMA CGM

Vega Reederei has almost doubled its money on the resale of four containerships to French liner CMA CGM, currently under construction at China’s Yangfan Group. 

According to London-based Braemar ACM, the German owner has gained about $44.5m for each of the 1,900 teu ships, resulting in an $86m profit for the quartet.

The Hamburg-based company booked four newbuildings at Yangfan in May last year for a reported price of $23m. The vessels were scheduled for delivery in Q4 2022 and early 2023. 

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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