Atlas and EMF cash in on car carrier newbuilds

European Maritime Finance and Atlas Maritime sell dual-fuel LNG pure car truck carrier

European Maritime Finance (EMF), in partnership with Atlas Maritime, has sold the Electric Star, a dual-fuel LNG pure car truck carrier (PCTC) capable of carrying 7,000 cars. “The Electric Star was ordered during the low point of the PCTC market amid Covid-19, which was a contrarian approach,” stated Leon Patitsas, CEO of Atlas Maritime. “We analysed the fundamentals, fleet demographics, and anticipated that demand for cars would rebound after C…

Atlas and EMF cash in on car carrier newbuilds

Greek owner Atlas Maritime and Danish shipping investment firm European Maritime Finance (EMF) have confirmed a lucrative asset play involving at least one of their car carrier newbuildings. The duo has revealed the delivery of the 7,000 ceu Electric Star to Noatum Maritime for an undisclosed price tag. S&P sources list the transaction at $115m …