During the fourth quarter of 2024, Contships completed the sale of five boxships, while it plans to sell two more.
At the same time, the shipping firm reinvested funds from the sales in the acquisition of a feeder containership with a capacity of 1,500 TEU.
Upon completion of the agreements, the shipping company’s fleet will consist of 39 ships.
Moreover, Contships announced that it has chartered a total of nine ships to Zim, CMA CGM, Cosco Shipping Holdings, MSC Mediterranean Shipping Co and AP Moller-Maersk for periods ranging from eight months to two years, with daily rates ranging between $12,500 and $17,500.