Borealis Maritime is expanding its fleet with pair of sub-panamax boxships bought for about $22.6m.
The UK-managed operation has emerged as the buyer of the 2,510-teu Hermes (built 2006), one of four former Hansa Treuhand-financed sub-panamaxes that were declared insolvent in May 2016.
The Hermes was bought for $10.3m and was delivered to its new owner on 3 May, market sources said. Borealis managing director Christoph Toepfer confirmed the purchase.
It will join the 3,534-teu TRF Praia (built 2009), to be renamed Bomar Praia, which Borealis has purchased for $12.5m.
Borealis bought the TRF Praia from TRF Ship Management, the Norwegian outfit set up to run the fleet of Wilbur Ross-backed Transportation Recovery Fund (TRF). It is one of…
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