Germany’s biggest container ship tonnage provider is looking to expand its post-panamax fleet.

But Offen Group chief executive Arnt Vespermann suggested that current market conditions in liner shipping mean there are no projects, as lines have enough money to buy the ships they need.

He told the Marine Money conference in Hamburg that his company has stabilised and restructured in recent years.

The leading boxship owner is in a “super-strong position” to grow in post-panamax — or neo-panamax — container tonnage, he said.