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Borealis Maritime earns 300 percent on sale of older container vessel

As a result of the overheated container market, German shipping company Borealis Maritime sells off an older container ship with a profit of just over 300 percent after only two years of ownership.

Archive photo of a container vessel. | Photo: PR / Hapag-Lloyd

German shipping company Borealis Martime benefits greatly from a relatively short-term ownership of container ship Arguello.

After only two years of ownership, Borealis Maritime has sold the older container vessel, which was built in 2009 and has a capacity of 4,228 teu, to South Korean SM Line, according to ship database VesselsValue.

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