LC Logistics said its subsidiary Lehang Boundless has novated rights to a 14,000-TEU containership under construction to Blue Anchor, a Liberian company owned by Mediterranean Shipping Company, reports Melbourne's Baird Maritime.

The vessel, identified as hull number H2872, is being built at Jiangnan Shipyard. Blue Anchor will pay US$170 million for the order, with $68.64 million going to Lehang Boundless and $101.36 million directly to the shipyards.

The agreement, signed with China Shipbuilding Trading Company and Jiangnan Shipyard, replaces Lehang Boundless as purchaser. The consideration includes the original $144.8 million price plus a $25.2 million premium, based on independent valuation.

LC Logistics said the disposal will generate a gain of about $20.1 million. Proceeds will be used to expand operations and strengthen cash flow. Market reports show newbuilding prices for 15,000-TEU ships currently range between $160 million and $195 million.