Atlantica AS

Oslo-based Atlantica Shipping AS was established in January 1997.----Atlantica Shipping is a ship owning company. The shareholders in Atlantica are Egon Oldendorff (L?beck), A. M. Nomikos (Athens), and the management.----Atlantica’s main activity today is to develop new projects. Atlantica aims to acquire vessels with long-term commitments to first class charterers and take a major part of the equity and act as the owner and the commercial manager of the project. In addition, we are always trying to invest in a counter cyclical manner, i.e. invest in ships while the markets are generally depressed.----Together with its partners, Atlantica has a number of vessels in its portfolio. Atlantica also undertakes third-party commercial management for other owners. Some of Atlantica’s managed fleet is engaged on long-term charter parties while other Atlantica vessels operate in the spot market or ship cargoes as part of a contract of affreightment.----Atlantica’s main shipping segments include Bulk Carrier segment, Multi Purpose Containers vessels and Ro/Ro vessels. Atlantica fulfils its freight contracts either via its own fleet (tonnage owned or controlled by its shareholders) or via commercially managed vessels or market tonnage.----Atlantica has close relations to a number of cargo owners, charterers and brokers, and enjoys a good reputation amongst its clients and business partners. Furthermore, Atlantica also have very close connections with Nordea, one of the largest Shipping Banks in the world.----The financial results have been satisfactory with positive result every year from 1997.----Atlantica has entered into several long terms chartering commitments with prestigious names like the Klaveness Group, C.T.I. of Jordan, Tianjin Marine Shipping Company, Wallenius Wilhelmsen, Odfjell, Prisco and others.--Atlantica has entered into and successfully completed new building contracts both in China and Japan.--Atlantica had a successful joint venture with a Norwegian state owned company for several years.--Atlantica has built up a very good capital base, and is therefore able to quickly and efficiently take on new challenges.