Harren & Parter managing director Peter Harren believes its sale of Caribbean Feeder Services (CFS) to a Spanish partner puts the boxship operator in a very strong position for the future.

Harren, who will remain honorary chairman of CFS, said: “I am very proud and pleased that we have reached this agreement.

"Perez y Cia is a highly respected company known for its quality, expertise and experienced employees. It is the reliable long-term partner we were looking for.”

He added: "CFS will continue to provide its excellent services and still operate as a separate brand. There won’t be any changes for CFS’s clients.”

CFS launched the first independent feeder service in the Caribbean with its inaugural sailing on 1 August 1999.

Its fleet of 16 vessels is managed by Harren & Partner, and the German company will continue to provide 50% of its ships.

“All of our vessels deployed in the CFS fleet will remain with CFS, ensuring their long-term use," Harren said.

"CFS will grow even bigger and stronger together with Perez y Cia.”

The CFS management team headed by CEO Tom Paelinck in Florida will remain unchanged.