Mandarin Shipping has sold a feeder ship at a price that reflects the surging values of secondhand boxships.

The Hong Kong company's 1,700-teu Mount Nicholson (built 2017) has gone to Singapore-based owner Sea Consortium, according to European brokers.

The price was reported to be about $45m, which would mark a rapid appreciation in values.

The sale comes days after Tim Huxley-led Mandarin sold the 1,756-teu sistership Mount Gough (built 2016).