CHINA; SINGAPORE —Marine offshore logistics operator Atlantic Navigation Holdings has committed $27.8 million to expand its fleet with three newly contracted vessels built in Chinese shipyards. The expansion includes two anchor handling tug supply vessels priced at $12.3 million each, scheduled for delivery in the first quarter of 2028, and a flat-top deck barge valued at $3.2 million slated for completion in early 2027.
To finance these vessel additions, the firm secured three distinct medium-term credit lines from the National Bank of Fujairah. These facilities include an $8.0 million loan backed by a multi-purpose supply vessel, a $4.0 million facility secured against three barges, and up to $16.0 million in credit tied to the new anchor handling tug supply vessels. Each loan carries a 60-month repayment timeline.
This capital deployment enhances the company's operational capability in shallow-water offshore environments across the Middle East. By expanding its asset base, Atlantic Navigation positions itself to capture growing regional demand for offshore support, vessel chartering, and marine logistics services, particularly around the United Arab Emirates.
The investment reflects broader momentum in the maritime energy logistics market, where sustained offshore exploration and maintenance activities require modern, specialized support fleets. For regional financial institutions, structuring multi-year asset-backed facilities offers stable yield opportunities tied to essential offshore energy supply chains.
Atlantic Navigation Holdings is an integrated offshore marine services company headquartered in Singapore. The group operates and charters a fleet of specialized vessels supporting offshore oil and gas exploration, production, and marine construction activities primarily across the Middle East and Asian markets.
