Atlantica offloads 1,730-teu boxship to Egypt’s Mahoney

Atlantica offloads 1,730-teu boxship to Egypt’s Mahoney

Sources say Norway-based asset player Atlantica Shipping has offloaded the 1996-built, 1,730-teu Credo for a price slightly above $6m to Egypt’s Mahoney Shipping. The vessel will be delivered to its new owners shortly. The company declined to comment on the deal.

Atlantica has a trio of similar ships under its wings, the 1,730-teu Spero (built 2002), the Credo and its sister vessel Cresco.

Atlantica has been busy lately. At the beginning of the month, the company was joined by Endre Landbø, formerly a project broker with Ness, Risan & Partners and a project manager with the diverse Norwegian owner Arne Blystad.

Atlantica, which tends to bet counter-cyclically, swooped for two Japanese panamax bulkers at the end of March. The company is led by Norwegian investor and managing director Johan Werner while the shareholders in Atlantica are North East Chemical Carriers Invest, Tyin, Egon Oldendorff ands A. M. Nomikos.

Mahoney, founded in 1946, is a diverse Egyptian maritime conglomerate with businesses in port agency, river transport, ports and feeder boxships.

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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