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Atlantic Navigation consortium awarded $63 mil project

Jude Chan Published on Tue, Apr 25, 2017 / 6:02 PM GMT+8

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SINGAPORE (April 25): Atlantic Navigation Holdings (Singapore) announced Tuesday that a consortium between its subsidiary, Atlantic Ship Management, and its Korean partner, Oceanus Co., has been awarded a US$45.2 million ($63.0 million) project by a Middle Eastern National Oil Company.

The project involves the purchase and removal of decommissioned offshore and onshore facilities. Work is expected to start in June and be completed within 18 months.

Atlantic Ship Management has a 49% interest in the Oceanus-ASM consortium.

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