Currently, the fleet supports Atlantic Navigation’s marine logistics division, particularly in ship charter for the offshore oil and gas as well as marine construction industries predominantly in the Middle East region.
Atlantic Navigation Holdings, together with its wholly-owned subsidiary, Atlantic Maritime Group, has proposed the disposal of the group’s fleet for a purchase consideration of US$183.0 million ($239 million).
On Sept 9, Atlantic Navigation announced that it had entered into a conditional master delivery agreement with MAG Offshore Investment’s wholly-owned subsidiaries on Sept 5 for the former’s fleet, which comprises 20 offshore vessels.
