Continental Investment Holding has bought three more containerships to take its fleet to seven.

The German-built, 1,452-teu geared vessels Olivia and Novia (built 1995) have been sold for around $4.2m each to the Myanmar backed, Singapore-managed company.

The company has also picked up the 1,730-teu Helene Russ (built 1996) for around $4.5m. The price is similar to the $4m it paid to take the 1,388 teu Merlian (built 1994) in April.

Continental