Borealis Buys Second-Hand Boxship

Oslo-listed Borealis Finance acquired a 2012-built, 4,250 TEU containership named Argos for USD 14.5 million.

The ship was delivered to the company on Wednesday, December 19, according to a regulatory filing.

The Marshall Islands-incorporated Borealis Finance indirectly owns and operates a fleet of 25 containerships and 3 bulk carriers.

The vessels are managed and operated by Borealis Maritime Ltd., a privately owned and independent maritime shipping company founded in 2010.

The latest acquisition is the second containership purchase in the past six months. Namely, in July the company bought the 2009-built Circular Quay, a 2009-built, 3,534 TEU containership for USD 11.4 million.

Acquisitions on the bulker front were quiet during the period, however, in October, Borealis Finance sold its 2008-built bulker Tschaukowsky for USD 14 million.

World Maritime News Staff