Finnish transportation firm Langh Ship Oy has purchased two 889-TEU container vessels, Charlotta and Christina, from Germany
The vessels were built in 2009 and 2010 respectively at China’s Mawei shipyard. Both vessels are ice strengthened to ice-class 1A and suited to sail the Baltic Sea in the winter. The vessels sport MaK main engines with the auxiliaries from MAN Energy Solutions while the hydraulic folding hatch covers are designed by MacGregor.
Christina and Charlotta are now time chartered to shipowner CMA CGM. Christina is currently employed on the Gdynia-Tilbury line between Poland and the UK and Charlotta is in liner trade on the Mediterranean Sea.
Both vessels sail under the flag of Portugal with Madeira as their home port. Langh Ship took over the crews on the vessels when the ownership was transferred.
Langh Ship managing director Laura Langh-Lagerlöf said the charter to CMA CGM made the purchase of the vessels possible. “We are very happy to extend our collaboration with CMA CGM. Before this we already had two container vessels chartered to Containerships, which is owned by CMA CGM. The charter to CMA CGM for both new acquisitions was part of the package which made the investment possible.”
According to Ms Langh-Lagerlöf, there is a reduced supply of modern, ice-strengthened container vessels in the sub-1,000 TEU class on the secondhand market as interest in this segment has dipped since the financial crisis of 2008.
She said, “It seems like a good time to purchase these vessels. The secondhand prices are fairly low, but at the same time freight rates seem to be on the rise even for vessels of feeder size.”
Three other vessels in Langh Ship’s fleet, Laura, Marjatta and Hjördis are equipped for transporting steel coils and carrying cargo from stainless steel manufacturer Outokumpu from northern Finland to continental Europe. Container vessels Linda and Aila are chartered to Containerships, which is owned by CMA CGM.