Tanker tycoon John Fredriksen has confirmed he is shelling out $32.5m for a modern 1,700-teu vessel on charter to Chile’s CSAV.

As reported by Tradewinds last week, the 2003-built Montemar Europa is being bought by Fredriksen’s vessel-owning company Ship Finance International (SFI) from Germany's Danz & Tietjens Schiffahrtsgruppe.

The ship, formerly known as the Adria, will remain on charter to Chilean owner CSAV.