Intra-Asian liner operator TS Lines continues to build up its shipowning interests in a perceived hedge against rising charter rates.
The Hong Kong-based container line has emerged as the buyer of the 2,500-teu Qingdao (built 2007) from Japanese owner Doun Kisen.
The Nakai 2500-design vessel has been acquired for close to $11m, reflecting a steep rise in price for geared containerships of this vintage.
