Atlantic Navigation takes 40% stake in Malaysia’s Astra Offshore

Atlantic Navigation takes 40% stake in Malaysia’s Astra Offshore

Singapore: Sharjah-headquarted offshore specialist Atlantic Navigation Holdings, has entered into an agreement with the shareholders of Malaysia’s Astana Riang to acquire a 40% stake in Astra Offshore for $500,000.

Astra is a Petronas-licensed supplier of products and services, including chartering services, and has also been a sole representative for Atlantic Navigation in Malaysia since November 2014.

Astana Riang will keep a controlling 60% equity in Astra Offshore.

Atlantic Navigation has a fleet of 14 offshore vessels, 2 jointly-owned vessels, while also performing third-party management.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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