EuropeTankers

Atlantica Shipping takes Empire Navigation product tanker

Photo of Grant Rowles Grant RowlesNovember 11, 2019
130 Less than a minute

Norway’s Atlantica Shipping has acquired 2009-built SPP MR2 product tanker MR Orestes, according to multiple brokers.

Seasure Shipbroking and Advanced Shipping & Trading are reporting the Norwegian owner has paid $19.25m to Greece’s Empire Navigation for the BWTS fitted vessel. The price is slightly higher than the $18.8m valuation put on the vessel by VesselsValue.

If confirmed, the deal will take Atlantica’s tanker fleet to a total of four vessels entirely made up of Korean-built MR2 product tankers. It also owns a supramax bulker and five small containerships.

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Photo of Grant Rowles Grant RowlesNovember 11, 2019
130 Less than a minute
Photo of Grant Rowles

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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