Atlantska Plovidba Expands Fleet with New Ultramax Acquisition

Croatian Bulker Owner Invests in Compliance and Growth with Latest Jiangsu Hantong Order

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Atlantska Plovidba, a Croatian bulker owner and operator headquartered in Dubrovnik, has expanded its orderbook with the addition of another ultramax newbuild, procured from Jiangsu Hantong Ship Heavy Industry in China. This move comes subsequent to a $65 million agreement earlier in the year for two 63,500 deadweight tonnage (dwt) bulk carriers. The Dubrovnik-based company, majority owned by Tankerska Plovidba of Zadar, exercised an option for this additional vessel, as disclosed in a filing with the Zagreb stock exchange.

In adherence to regulatory standards, Atlantska Plovidba is set to acquire the latest newbuild, engineered to comply with International Maritime Organization (IMO) Tier III and Energy Efficiency Design Index (EEDI) Phase 3 requirements, at an approximate cost of $32.5 million. This vessel is scheduled for delivery in 2027, while the previously ordered ultramaxes are slated for receipt in 2026.

The company’s strategic procurement endeavors extend beyond this recent acquisition, as evidenced by their previous order of four kamsarmaxes from Jiangsu Hantong in 2021. This concerted effort reflects Atlantska Plovidba’s commitment to fortifying its fleet and bolstering operational capabilities in line with industry standards and evolving environmental regulations.

Atlantska Plovidba presently manages a fleet comprising 11 bulk carriers, a testament to its stature within the maritime sector. With an emphasis on modernization and compliance, the company remains steadfast in its pursuit of excellence, positioning itself at the forefront of maritime innovation and sustainability.

This acquisition underscores Atlantska Plovidba’s proactive approach to fleet expansion and modernization, further solidifying its position as a key player in the global shipping landscape. As the maritime industry continues to evolve, Atlantska Plovidba remains dedicated to navigating these changes while upholding the highest standards of safety, efficiency, and environmental responsibility.

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