Croatian shipowner and operator Atlantska Plovidba seeks to replenish its financial resources following a significantly less lucrative period in the dry cargo markets. Atlantska Plovidba, a shipping company specializing in bulk carriers, has announced its intention to issue new shares worth a minimum of €13.9 million and a maximum of €27.8 million. Only shareholders registered by 28 July 2023 will have the opportunity to subscribe to the stock offering, as stated by Atlantska Plovidba. The exact allocation of the funds was not disclosed in the submission to the Zagreb Stock Exchange. Currently, Atlantska Plovidba owns and operates four (4) handysize bulk carriers and five (5) panamax bulk carriers. 30-June-2023
Croatian shipowner and operator Atlantska Plovidba signed a sale and leaseback deal for three (3) bulk carriers with China Huarong Shipping Financial Leasing. Dubrovnik-based and Zagreb Stock Exchange-listed shipowner Atlantska Plovidba signed a five-year agreement sale and leaseback deal for 2012 built supramax bulk carrier 57K MV AP Astarea
2012 built supramax bulk carrier 57K MV AP Slano and 2015 built supramax bulk carrier 39K MV AP Dubrava. Croatian shipowner and operator Atlantska Plovidba resumes refinancing through Chinese sale and leaseback agreements. Currently, Atlantska Plovidba operates 11 bulk carriers extending from handysize up to panamax bulk carriers with 227 employees. 14-November-2022
Croatian shipowner and operator Atlantska Plovidba has put 2016 built handysize bulk carrier 39K DWT MV AP Revelin back into service two months after the bulk carrier suffered severe damage in a collision. Dubrovnik-based and Zagreb Stock Exchange-listed shipowner Atlantska Plovidba controlled MV AP Revelin was in collision with another ship in the US on 21 August 2022. Croatian shipowner and operator Atlantska Plovidba has repaired MV AP Revelin in the United States. 2016 built handysize bulk carrier 39K DWT MV AP Revelin has now been successfully repaired and has resumed routine trade operations. Currently, Atlantska Plovidba operates 11 bulk carriers extending from handysize up to panamax bulk carriers with 227 employees. 20-October-2022
Zagreb Stock Exchange-listed Croatian shipowner Atlantska Plovidba owned Martrade operated 2016 built handysize bulk carrier 39K DWT MV AP Revelin was involved in a collision in Texas, US Gulf on Sunday. The ship is currently anchored at Sabine. Dubrovnik-based shipowner and operator Atlantska Plovidba-owned MV AP Revelini is seriously damaged in the US collision. Croatian shipowner Atlantska Plovidba expressed that the accident involving another ship occurred at Port Arthur, Texas. Atlantska Plovidba would be facing an earnings headache. Currently, Zagreb Stock Exchange-listed Croatian shipowner operates ten (10) bulk carriers extending from handysize up to panamax bulk carriers. 28-August-2022
Croatian shipowner and operator Atlantska Plovidba sold 2012 built supramax bulk carrier 57K DWT MV AP Ston for around $19.5 million. Dubrovnik-based shipowner and operator Atlantska Plovidba has not revealed the buyers. Atlantska Plovidba will deliver 2012 built supramax bulk carrier 57K DWT MV AP Ston to the new shipowner in Q4 2022. However, till that time MV AP Ston will be managed by Zagreb-listed shipowner and operator Atlantska Plovidba. In June 2021, 2012 built supramax bulk carrier 57K DWT MV AP Ston was reported sold to a Chinese finance company in a leaseback deal. In Q1 2022, Croatian shipowner and operator Atlantska Plovidba reported a net profit of $9.4 million. Lately, Dubrovnik-based shipowner and operator Atlantska Plovidba has been boosting cash through a series of sale-and-leaseback agreements. In August 2021, Croatian shipowner and operator Atlantska Plovidba sold 2016 built handysize bulk carrier 38K DWT MV AP Revelin to leasing house CSSC Shipping to slash interest payments. Sale-and-leaseback agreement comprised a charter back to Croatian shipowner and operator Atlantska Plovidba for eight (8)years. In September 2021, Dubrovnik-based shipowner and operator Atlantska Plovidba expressed the company was renewing its fleet. Atlantska Plovidba ordered two (2) 82K DWT kamsarmax bulk carriers with two (2) options at Jiangsu Hantong Ship Heavy Industry. Zagreb-listed shipowner and operator Atlantska Plovidba paid around $34 million per kamsarmax bulk carrier. Currently, Atlantska Plovidba operates 10 bulk carriers extending from handysize up to panamax bulk carriers. 7-May-2022
Croatian shipowner and operator Atlantska Plovidba signed a 5-year sale and leaseback deal for 2012 built supramax bulk carrier 57K DWT MV AP Ston. Atlantska Plovidba purpose was to refinance its investment in the bulk carriers. Dubrovnik-based Atlantska Plovidba controlled MV AP Ston was built at STX Offshore and Shipbuilding. Currently, Atlantska Plovidba managed MV AP Ston is valued at around $13 million. In Q1 2020, Atlantska Plovidba has reported a net loss of $5.6 million in unfavorable dry bulk business. Currently, Atlantska Plovidba operates 12 bulk carriers extending from handysize up to panamax bulk carriers with 224 employees. 3-June-2020
Croatian shipowner and operator Atlantska Plovidba declared that two (2) bulker crew members have died and two (2) crew members were injured during tank cleaning on 2015 built handysize bulk carrier 39K DWT MV AP Dubrava off Brazil. Dubrovnik-based shipowner and operator Atlantska Plovidba reported that two (2) injured crew members were taken by helicopter to the hospital. Furthermore, Atlantska Plovidba reported that another crew member who was not directly involved in the incident has also been taken to hospital. Zagreb-listed shipowner and operator Atlantska Plovidba informed that the tragic accident happened while a tank was being rinsed out. Atlantska Plovidba denied media reports that there were a series of explosions on the 2015 built handysize bulk carrier 39K DWT MV AP Dubrava. Atlantska Plovidba informed the families of the crew members. Croatian shipowner and operator Atlantska Plovidba sent an administrator from the company’s headquarters to Brazil as support. 18-July-2019
Croatian shipowner and operator Atlantska Plovidba’s 2009 built supramax dry bulk carrier 53K DWT MV AP Sveti Vlaho refloated in South America on 4 January 2019. MV AP Sveti Vlaho ran aground on the last week of 2018 in Argentina. MV AP Sveti Vlaho sailed to an anchorage in nearby Recalada to proceed with local coastguard formalities. Dubrovnik-based Atlantska Plovidba managed MV AP Sveti Vlaho was laden with grain from Argentina to Italy when it ran aground in the Putna Indio, Argentina channel on 29 December 2018 due to the main engine failed. Putna Indio, Argentina channel traffic was restored after the refloating of MV AP Sveti Vlaho. Croatian shipowner and operator Atlantska Plovidba’s 2009 built supramax dry bulk carrier 53K DWT MV AP Sveti Vlaho is insured by North P&I Club and classified by BV (Bureau Veritas). 6-January-2019