International Maritime Enterprises is set for a hefty profit on the sale of an 18-year-old containership it acquired barely a year ago.

The Monaco-based, Embiricos family-controlled company is selling the 5,551-teu Naxos (built 2003) for an extremely firm price of $25.5m, according to UK brokers.

That is more than double the $11.1m that it paid South Korean operator HMM in January 2020 — a profit of more than $14m.