MSC buys six German boxships

November 4, 2020, by Naida Hakirevic Prevljak

Swiss container shipping giant Mediterranean Shipping Company (MSC) has dived into the secondhand market, acquiring six Post-Panamax units.

Illustration. Image Courtesy: Kees Torn on Flickr under CC BY-SA 2.0 license

On 30 October 2020, MSC purchased the ship sextet that is technically managed by Germany-based shipping company Zeaborn GmbH.

The boxships in question are ER Texas, ER Tianping, ER Tianshan, ER Tokyo, ER Vancouver and ER Yokohama, built at Hyundai Samho and Hyundai Heavy Industries (HHI) Ulsan shipyards in South Korea in 2004 and 2006, data provided by VesselsValue shows.

They were purchased in an en block transaction worth $156 million.

All six vessels were part of ER Schiffahrt’s fleet. In 2018, Zeaborn acquired 100 percent of the shares of ER Schiffahrt and integrated ship management activities of ER Schiffahrt and Rickmers Shipmanagement under one roof.