Borealis Finance has sold its third sub-panamax boxship so far this year.

The company, whose fleet is managed by London-based Borealis Maritime, has sold the 2,824-teu Verdi (built 2006) for around of $10.7m, according to containership brokers.

The vessel is understood to have been acquired by Simatech Shipping of Dubai.

Brokers noted that the price for the vessel is significantly higher than recent sales of other vessels in this sector.