George Youroukos-controlled Technomar Shipping is making a $13m profit on the sale of a 17-year-old post-panamax boxship to Wan Hai Lines.

The Greek shipowner has sold the 6,030-teu My Ny (built 2004) for $25m as the Taiwanese liner operator continues to stack up on containerships from the secondhand market.

Technomar bought the vessel, formerly called March, for $11m in January 2018, when boxship asset values had tanked.