Two years after divesting four tanker newbuildings at a huge mark-up, long-term partners European Maritime Finance (EMF) and Atlas Maritime repeated the trick with a pair of car carriers.
The sale reported by TradeWinds on Thursday to Noatum Maritime — the shipping arm of Abu Dhabi’s AD Ports Group — represents a remarkable asset play.
EMF and Atlas, which have been cooperating on more than 20 oil, gas and car carrier newbuildings, achieved a profit of at least $30m on each of the two vessels.
