GREECE's Navios Group has wrapped up the purchase of five containerships from various distressed German owners with the arrival of the last vessel involved in the deal that marks the company's first inroads into the container shipping sector.
They are part of a 10-ship deal arranged in April 2013 with German bank HSH Nordbank that also included five product tankers.
The fifth containership, the 3,108 TEU FESCO Almathea, is to join the fleet of Navios Europe Inc.
Built in 2007 originally for clients of Hamburg-based NSC Schiffahrt, she is currently on charter to FESCO, who operates the vessel on its Russia-South China Direct Line (FCDL South), run jointly with CMA CGM.
The four other containerships involved in the deal have been progressively transferred over the past six months, reports Paris-based Alphaliner.
They are the 2,007 TEU Esperanza N, previously controlled by Christian F Ahrenkiel; the 2,741 TEU Protostar N, previous Schoeller Holdings; the 2,826 TEU Harmony N, originally controlled by Christian F Ahrenkiel; and the Norddeutsche Vermoegen Group 3,380 TEU Solar N.
Last October, Navios purchased five 6,765 TEU containerships built in 2006 from London-based Zodiac Maritime Agencies. These ships are on a 10-year charter to Hyundai Merchant Marine.
Source : HKSG.