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Editor in chief: Angelo Scorza
22/07/19 11:07

One disposal and three new units for Zagari’s fleet

The Maltese subsidiary Augustea Oceanbulk Maritime sold a Panamax to the Chinese, but received three newbuildings

Pina Cafiero (Augustea) funnel NC

According to broker sources, the Neapolitan family Zagari recently sold its bulk carrier Federica Prima – a Panamax bulk carrier with a deadweight capacity of 76,600 tons built in 2005 by the Japanese shipyard Imabari.

The purchasers are Chinese, and the Augustea Atlantica group will receive some 8.5 million dollars. Neither the bulk carrier Federica Prima nor the ABML Grace formed part of the group of units sold together to Star Bulk Carriers.

The ship disposed of will be replaced by three units which, however, will be added to the fleet of the Maltese subsidiary Augustea Oceanbulk Maritime (being also a subsidiary of Petros Pappas’ Oceanbulk). More precisely, the units are the Kamsarmax bulk carrier AOM Sveva, which was received from the Imabari shipyard last April, and which will be followed by the Capesize AOM Marta, to be delivered in October and under construction at the Japan Marine United Corp.

In the first quarter of 2020, the group will receive also the Kamsarmax bulk carrier ordered to the Sanoyas shipyard and equipped with scrubbers (like the newbuilding Capesize) for the purification of fumes in compliance with the provisions of the IMO regulation (low sulphur cap) in force from next January.


Nicola Capuzzo

TAG : Bulker