A large container ship that was trapped in Ukraine for 18 months has reportedly been sold barely a month after its release.

The 9,403-teu Joseph Schulte (built 2013) is said to have been bought by Swiss liner giant MSC Mediterranean Shipping Company in a bidding process initiated by the insurance company, according to two broking sources.

However, the reports are played down by a spokesperson for the owner, Hamburg-based Schulte Group, who said the information is not correct and the ship remains unsold.