News / CMA CGM purchases chartered Seatrade feeder quintet

Photo: VesselFinder

French carrier CMA CGM has acquired all five of the 2,300 teu feeder ships it had been chartering from Dutch specialist Seatrade Groningen.

According to shipbrokers, Seatrade Blue, Seatrade Green, Seatrade Orange, Seatrade Red and Seatrade White were a`ll acquired last week and, although the sales price was not disclosed, VesselsValue estimates each has a market value of around $30m.

CMA CGM began chartering the ships in mid-2020 for five years, paying $20,000 a day, with all five assigned to its Panama Direct Line, which calls at ports in Australia, New ...