Tim Huxley-led Mandarin Shipping is cashing in on the sale of one of its five remaining container feederships.
The Hong Kong-based owner is selling the 1,756-teu Mount Gough (built 2016) to French carrier CMA CGM for in excess of $40m, according to European brokers.
The deal marks a significant profit for the boxship tonnage provider, which appears to have timed the sale close to the peak of the market.
