UK-based Lomar Shipping has gained about $20m on the resale of a wide-beam containership newbuilding.

The Libra Group subsidiary has offloaded a 5,315-teu vessel nearing completion at China’s Zhoushan Changhong International Shipyard to XT Shipping of Israel for close to $60m, according to market sources.

This compares with a price of about $40m that Lomar is believed to have paid for it after settling a dispute with the yard.