Atlantic Navigation enters 3 newbuild contracts worth about US$27.8 million

Reuters2026/09/10 09:52

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Atlantic Navigation entered three newbuild contracts: two anchor handling tug supply vessels, delivery in 1Q 2028, priced at about USD 12.3 million each.
Added a 300-foot flat-top deck barge newbuild in Shanghai, delivery in 1Q 2027, priced at about USD 3.2 million.
Signed new committed loan facilities with National Bank of Fujairah totaling up to USD 28 million, secured against new and existing vessels.
Loans include a USD 8 million tranche from September 2026, USD 4 million in 1Q 2027, up to USD 16 million from mid-2027.
Each medium-term loan carries a 60-month repayment period from drawdown, supporting construction payments for the fleet expansion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Atlantic Navigation Holdings (Singapore) Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: SFZ4LZ6542CI5P8O) on September 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Atlantic Navigation enters 3 newbuild contracts worth about US$27.8 million

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