Also part of the ICG Fleet is the vessel Kaitaki which is bareboat chartered, i.e. without crew, to a third party and operating in New Zealand.
In an extension of the Division’s chartering activities, four LoLo container vessels were purchased in late 2015. The vessels are the MV Elbfeeder (built 2008), MV Elbtrader (built 2008) and MV Elbcarrier (built 2007), each which has a capacity of 974 teu (Twenty Foot Equivalent) and a gross tonnage of 8,246 tons together with the MV Ranger (built 2005) which has a capacity for 803 teu and a gross tonnage of 7,852 tons. The three Elb vessels are currently on year-long charters to the Group’s container shipping subsidiary Eucon on routes between Ireland and the Continent whilst the Ranger is on a short term charter to a third party.