Prolific seller Lomar Shipping will reap more than $50m from the sale and charter of a handysize boxship.
The UK-based shipowner is selling the 1,774-teu Filia T (built 2019) for $41m to Wan Hai Lines of Taiwan, according to market sources.
That will net the shipowner a tidy profit on the feeder vessel that is one in a series of newbuildings ordered for about $20m each.
The icing on the cake, however, is a charter prior to delivery that will net the company a further $12.5m.
The Filia T will not be delivered to the Taiwanese owner until February 2022, according to sources.
Before then, it will operate on charter for three to four months with a Chinese logistics company at a sky-high charter rate of about $110,000 per day, said market sources.
The Filia T is one of three vessels that operate in the intra-Asia trades on behalf of Tianjin-based Rong Shang Logistics, according to Alphaliner.
The Filia T is one of 18 vessels of this size that Lomar ordered in mid-2016 and mid-2017 for less than $22m.
The ships have Bangkokmax dimensions with a length of 172 metres and breadth of 28.4 metres.
They were built by China's Yangzijiang Shipbuilding and Cosco Shipping Heavy Industry Guangdong.
Lomar sold most of the vessels on delivery.
The sale of the Filia T marks a further rise in vessel values.
Earlier this month, the 1,762-teu Feeder 1 (built 2021) was sold by Meratus Line of Indonesia for a slightly lower price of $39m.
Lomar is making hay in the booming boxship market with sales of 20 containerships of between 1,083 teu and 5,300 teu, according to VesselsValue data.
Sales of four vessels in August and September alone, including the Filia T, are estimated to have netted the company $174m.
They include the 1,732-teu Piraeus Trader (built 2006) that was sold in September for $25m to Euroseas of Greece.
The company also netted $35m on the sale of the 2,664-teu Busan Trader (built 2009) and $17m on the disposal of the 1,083-teu Boston Trader (built 2004), according to brokers.
Lomar's crowning glory was the sale of the 4,992-teu Maine Trader (built 2004) at the end of July.
The vessel was sold to OM Maritime of Singapore for $54m, which is one of the highest prices ever for a vessel of this age.
Lomar acquired the Maine Trader in 2014 for just $14m.