- Monaco-based owner reportedly quadruples return on ‘Crete I’
- Sale symbolizes demand strength in container shipping market.
A variation on that buy-low, sell-high strategy is exactly what some container shipowners are opting to do, capitalizing on a hot ocean freight market that shows few signs of cooling off.
Returns on second hand vesselsInternational Maritime Enterprises, based in Monaco, agreed to sell the container ship Crete I for $46 million, more than four times the $11 million price tag...
https://mfame.guru/hot-sea-cargo-market-urges-shippers-to-flip-vessels/