Independent journal on economy and transport policy
14:22 GMT+1
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Marine Container Management (Buss group) has bought the fleet of container of the Magellan Maritime Services
It has a consistency pairs to 182.000 teu. The transaction has a value of beyond 160 million euros
August 2, 2017
Marine Container Management (MCM), society that is under responsibility of the Buss Capital of Singapore of the German group Buss, has bought the fleet of container of the Magellan Maritime Services, society of Amburgo of which last September is started the insolvency procedure. Draft of containers for a total pairs to 182.000 teu between container for cargos dries and container refrigerator. As a result of the sale the investor of the Magellan will receive 160 million euros and a profit-sharing deriving from the management of the fleet until a maximum of 15 million dollars.
MCM it has entrusted this container to the management of the American Textainer Group Holdings, company that in the past decade has already managed containers on behalf of affiliated of the Buss group.
"With the purchase of the container of the Magellan - the director of the MCM has explained, Tom Chen - we have decided to widen the fleet of container of the Global Buss to about 750.000 teu. Thanks to the remarkable financial support of our partner and the Textainer, the transaction has been capacity to term quickly and with success. For many Global Buss years it has worked with profit with Textainer, therefore we are sure that the fleet will give important results under their management".
"We are very pleased - he has commented the president and managing director of the Textainer, Philip Brewer - than Buss has to us chosen as managers of this fleet. We have decades of experience in the container management on behalf of a third party and have optimal relationships with the charters of the Magellan container".
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Marine Container Management (MCM), society that is under responsibility of the Buss Capital of Singapore of the German group Buss, has bought the fleet of container of the Magellan Maritime Services, society of Amburgo of which last September is started the insolvency procedure. Draft of containers for a total pairs to 182.000 teu between container for cargos dries and container refrigerator. As a result of the sale the investor of the Magellan will receive 160 million euros and a profit-sharing deriving from the management of the fleet until a maximum of 15 million dollars.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
