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.