France’s CMA CGM has purchased its fourth boxship in less than a year from Greece’s Tsakos Shipping & Trading.

The French operator is acquiring the 2,826-teu Irenes Rainbow (built 2006), according to European brokers.

The Hyundai Mipo Dockyard-built vessel has been sold with delivery in August for around $45m.

The deal completes a quartet of transactions between the two companies over the past eight months.