Dry CargoEurope

Augustea sheds bulkers

Italy’s Augustea is shedding dry bulk tonnage. The company controlled by the Zagari family has sold two bulk carriers: the panamax Pan Uno and the kamsarmax Abyo Oprah. The former will pass to undisclosed Asian buyers for a price of $4.6m while the latter will change hands to Greek interests believed to be linked to the Martinos family for $9.5m.

Augustea also confirmed on its website that the modern supramax bulk carrier previously known as Aby Paola has been delivered to Padma Navigation at the beginning of October. In May Splash reported that the ship was sold to a company related to the Hong-Kong based Chelleram Shipping which is now the manager of the vessel.

Augustea Holding earlier this year finalised a deal for the sale of 100% of the shares of the towage company Augustea Imprese Marittime e di Salvataggi in order to focus on dry cargo activities and its deepsea transportation business.

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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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