Turkey's Kasif Kalkavan family has bought back a boxship it sold in 2018, at a markup of about $3m.

Kalkavan-affiliated company Turkon Line emerged two weeks ago as the new manager of the 1,850-teu Apostolos II (renamed Turkon Istanbul, built 2008).

The vessel was reported sold in early March to undisclosed buyers by Greek-German joint venture Capital Liberty Invest at a price of about $12m.

The same ship was trading as Cafer Dede when Capital Liberty bought it from Kalkavan interests in December 2018 for about $9m, according to brokers at the time.