Continental Investment Holdings (CIH), the Singapore-headquartered shipowning arm of Myanmar shipowner Captain U Ko Ko Htoo, still has a strong appetite for buying more ships despite recently selling a raft of vessels for scrap.

Formed in 2013, CIH wasted no time in building up a sizeable fleet that numbered 21 feeder-size containerships before it sold off six of them for demolition over the past couple of months.