News / Bullish ICG snaps up containerships on its Eucon feeder services

© Khunaspix Dreamstime.

Irish Continental Group has changed tack on its long-held policy of only chartering-in containerships, purchasing four of the five vessels its container line subsidiary, Eucon, operates on its feeder and door-to-door services between Dublin, Cork, Belfast and Rotterdam and Antwerp.

Dublin-headquartered ICG took advantage of weak market conditions to snap up the 980 teu Elbfeeder, Elbtrader and Elbcarrier, paying just $21.8m for the seven-year-olds, from their German KG owner, and $5m for the 2005-built 800 teu Jork Ranger, according to www.vesselsvalue.com.

ICG ...