Songa Container Announced Sale of Post-Panamax Boxship

Arne Blystad’s Songa Container has announced the sale of 2013-built 4,957 teu post-panamax boxship Songa Toscana, says an article published in splash247.

Valuation

The vessel was sold for $42.3m, far in excess of the $32.7m valuation according to both VesselsValue and MSI. The buyer was not named. Songa had originally picked the ship up for just $23m.

Songa’s Financial Report

According to Songa’s Q3 2020 financial report, the vessel has yet to be fitted with a scrubber and the decision was made...

https://mfame.guru/songa-container-announced-sale-of-post-panamax-boxship/

Piraeus Port unveils half-year financial results

The BoD of PPA S.A. approved the financial statements for the first semester of 2019. The basic figures are the following:

The turnover amounted to € 70.6 million which compared to the same period of 2018 (€ 63.5 million) increased by 11.2% (€ 7.1 million). This change is mainly due to the increase in revenue from the concession agreement of Pier II+III (+ 18.6%), ship repairing sector (+ 41.2%) and cruise sector (+14.6%).

The profit before tax for the six months period amounted to € 21.9...

https://container-news.com/piraeus-port-half-year-financial-results/