Greek Shipowner Takes Third Container Ship

Greek Shipowner Takes Third Container Ship

Box Ships, a New York Stock Exchange-listed container ship owner based in Greece, took delivery on Tuesday of its third vessel and placed the ship with Chilean carrier CSAV.

The charter company
took the ship, the Maule, with a capacity of 6,589 20-foot equivalent units, from an unaffiliated third party.

Built in 2010, the ship has a fixed-rate time charter term of five years at a gross daily charter rate of $38,000.

The Maule is the third of the six vessels the new company will bring into its initial fleet. The remaining three include two 5,095-TEU container ships built ion 2007, the CMA CGM Kingfish and the CMA CGM Marlin, and one 4,546-TEU containership built in 2006, the MSC Siena.

The six ships will have a weighted-average age of 2.5 years, a total capacity of 28,177 TEUs.

Athens-based Box Ships, an offshoot of dry bulk operator Paragon Shipping, went public last month on the NYSE under the symbol “TEU,” and raised $132 million.