Augustea offloads panamax as Oceanbulk joint venture expands fleet

Augustea offloads panamax as Oceanbulk joint venture expands fleet

Italian shipping company Augustea Atlantica has just sold the 2005-built panamax bulk carrier Federica Prima to Chinese group Orient Express for around $8.5m. The buyer has renamed the vessel Express Prima.

Raffaele Zagari, head of Augustea, while confirming the sale just completed also informed Splash about new tonnage entering Augustea Oceanbulk Maritime’s fleet.

The Maltese joint venture with Oceanbulk recently took delivery of kamsarmax bulk carrier AOM Sveva built by Imabari shipyard, and in October will receive a capesize bulker AOM Marta. The vessel is in advanced stage of completion at Japan Marine United Corp.

In the first quarter of 2020 Augustea Oceanbulk Maritime will also take delivery of a scrubber-equipped kamsarmax and a capesize, both under construction at Sanoyas.

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.

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