Marinakis' Capital Containers Resumes Buying With Feeder Investments

Evangelos Marinakis-led Capital Containers Ship Management has returned to the secondhand market in pursuit of feeder vessels. The Greek shipping company has emerged as the new owner of the 2023-built, 1,096-TEU vessel A Goryu, now renamed Athos I, reportedly acquired for close to 27 million dollars. Market sources say the company has also acquired another vessel of similar specifications, continuing its heavy investment in modern and newbuilding tonnage. 

 

Details of the Acquisition

 

Capital Containers has returned to buying. It re-entered the secondhand market. It is pursuing feeder vessels. This marks renewed acquisition activity. It reflects the company's strategy.

The company made a specific purchase. It acquired the vessel A Goryu. This is a 2023-built feeder. It has renamed it Athos I. It reportedly cost close to 27 million dollars.

 

The Broader Activity

 

The company has bought more vessels. Market sources cite a second acquisition. This has similar specifications. Further details are expected soon. The company was approached for comment.

This reflects continued investment. The private group invests heavily. This covers modern tonnage. Newbuildings are also included. This contrasts with the listed vehicle's divestment.

 

The Fleet and Programme

 

The company has a substantial fleet. It operates 50 container ships. These total over 205,000 TEU. The fleet is largely modern. Most vessels were built from 2023 onwards.

The company also has newbuildings on order. These span a range of sizes. They range from 1,800 to 9,026 TEU. Deliveries are scheduled through 2028. They come from South Korean and Chinese yards.

 

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The Market Context

 

The acquisitions occur amid an active market. Brokers report interest in secondhand tonnage. However, activity has slowed recently. Attention focuses on charter-attached vessels. Few prompt vessels are available.

The market shows tight supply. Investors seek deployment opportunities. Yet few owners are selling. They cite strong earnings potential. This prompts them to hold their tonnage.

 

Significance of the Move

 

The move reflects strategic divergence. The listed vehicle is divesting containers. It focuses on gas carriers. The private group continues investing. This shows contrasting approaches.

The acquisitions strengthen the fleet. They add modern feeder tonnage. This complements the newbuilding programme. It maintains a young fleet. This positions the company in the feeder segment.