Denmark’s Navigare Capital Partners is hiving off a second neo-panamax container ship to Germany’s D Oltmann Reederei.

It is selling the 9,034-teu UASC Zamzam (built 2014) for less than $71m.

The sale includes the novation of the existing time charter to German liner operator Hapag-Lloyd. The charter is expected to run to at least April 2024 and possibly August, brokers said.

The deal takes the fleet of Bremen-based Oltmann to nine container ships of between 3,600 teu and 10,010 teu, including the 8,845-teu Luanda Express (built 2007) and 6,541-teu Chennai Express (built 2006).