Atlantica Shipping Expands Fleet with Return to Container Market

Home Insights Atlantica Shipping Expands Fleet with Return to Container Market

September 18, 2024

Atlantica Shipping, based in Oslo, has reentered the container shipping market by acquiring the 4,600 TEU vessel Northern Power, renaming it Atlantica Power. The ship, built in 2010, is chartered to CMA CGM until mid-2026.

This move marks a significant return for Atlantica, which also owns nine offshore vessels and two supramax bulk carriers. Financial details of the purchase have not been disclosed.

💡 Insights for Container Investors​

• Expansion Opportunities: Atlantica's reentry into container shipping with a long-term chartered vessel provides a stable platform for investors to tap into growing global trade demand.

• Long-term Security: The charter agreement with CMA CGM until 2026 ensures a steady revenue stream, offering reliable returns for container shipping investors.

• Diverse Portfolio: With investments across offshore vessels and bulk carriers, Atlantica’s move into container shipping enhances its diversified portfolio, presenting investors with reduced risk exposure and potential for growth.

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