Denmark´s finance firm European Maritime Finance and Greece´s Atlas Maritime have announced the sale of the 2007-built Dakota Strength aframax oil tanker for a record $39.5 million dollars delivering a return of respectively 220% and 115% for the two separate directly done investments.
The aframax oil tanker Dakota Strength has been purchased in 2019 for $21.250m, in accordance with the CEO of European Maritime Finance, Martin Haugaard, who strongly believes that this investment will provide another successful return for the clients of the finance firm European Maritime Finance.
Leon Patitsas, founder and Chief Executive officer of Atlas Maritime, a very well-known businessman in Greece with a strong record of over $1 billion in total transactions of acquisitions and sales throughout his career, said “we appreciate our partnership with European Maritime Finance who have actively followed our lead, embraced our vision and supported our growth strategy over the years and we remain committed to expanding our relationship through more lucrative deals in the near future.”
“The best returns in shipping require a counter-cyclical approach and an early mover advantage, both on the way in and on the way out. We continuously monitor the markets, study the fundamentals and strive to identify the next undervalued sector,” Leon Patitsas added.
Stephen Schueler, Chairman of European Maritime Finance commented that “We are committed to being market leaders in sustainability and are proud of delivering positive returns for our shareholders. EMF and Atlas Maritime have a strong track record leading the maritime industry transition to greener and cleaner fuel.”