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. International 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 it spent for the 12-year-old vessel in November 2016, reports Gulf News.
Boosting Charter ActivitySuch returns on second-hand ships are an extension of...