Dry CargoEurope

Atlantica linked with panamax swoop

Oslo: Oslo-based Atlantica Shipping is nearly doubling the size of its panamax bulker fleet with the purchase of  two older vessels.

Brokers say the company is finalising a deal whereby it will pay Dalomar Shipping $5.7m and $5.9m for two Japanese-built ships. The 72,000 dwt build Lopi Z was built in 1998,  while the 74,500 dwt Lilian Z is one year younger.

Johan Werner, director of Atlantica Shipping, declined to comment when contacted by Splash today.

Atlantica tends to make counter cyclical acquisitions. The main shareholders of the Norwegian KS firm are it’s management team, long with Egon Oldendorff  and A. M. Nomikos, providing a powerhouse of European shipping expertise. As well as bulkers, the company has containerships, MPPs and tankers on its books.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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