News / Furniture maker Loctek’s vertical integration ends as boxship sold

Little Dolphin Photo: VesselFinder

Chinese furniture maker Loctek Ergonomic Technology, which raised eyebrows when it ordered a 1,800 teu boxship to manage logistical bottlenecks during the Covid-19 pandemic in 2022, has ended up selling the ship.

The ship cost $32.8m and was initially named Lecangs Dolphin upon its delivery from Huanghai Shipbuilding in early 2023. According to VesselsValue, Lecangs Dolphin was chartered to CMA CGM for $16,000/day for six months in April 2023.

Loctek has factories in Ningbo, China and Ho Chi Minh City, Vietnam and had announced at the time that its ...