UK-based Lomar Shipping is set to bank more useful profit from selling on veteran containerships.

TradeWinds understands negotiations are nearly complete for the sale of the 2,496-teu Norfolk Trader (built 2002) to exit the fleet next week.

Market sources put the price at $7.8m, representing a nearly-110% profit on the $3.75m Lomar paid for the ship to ER Schiffahrt in 2016.