Dimitris Lemonidis' Element Shipmanagement has added to its boxship fleet with the purchase of a German feeder vessel.

The Greek company has acquired the 1,118-teu Malte Rambow (built 2005) from Ernst Russ for an undisclosed price.

VesselsValue assesses the ship as worth $4m.

It has been renamed Haddock under the Liberian flag and is performing a charter for Maersk in Asia, Alphaliner said.