Seacastle Sells – Why?

We were somewhat puzzled by a recent report in the trade press that Seacastle had sold for $41.4 million the CSAV Peru (Laura S), a 2,470 TEU containership built in 1998, which they had purchased 18 months ago for approximately the same price.  Market sources attribute the sale to the fact that it was a smaller ship and did not fit the profile of its mainly Panamax fleet. Moreover, the company is reported to have earned $7.5 million in charter hire during this period although how much profit was earned is unknown.
Certainly it is not our place to

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