European Maritime Finance (“EMF”), together with its long-standing industrial partner Atlas Maritime Ltd., is pleased to announce the sale of two Suezmax tanker newbuildings at a notably strong price of USD 99.3 million per vessel. The vessels, Arctic Star and Tromsø Star, each have a deadweight capacity of 157,000 tons and are currently under construction at Daehan Shipbuilding Co., Ltd. in South Korea.
The EMF-managed sub-fund Blue Harmony I, under EMF AIF-SIKAV, is a co-owner of the vessels alongside Atlas Maritime. Investors in the sub-fund are set to benefit from the transaction. Overall, Blue Harmony I is progressing fully in line with the strategy, targets, and return expectations established at inception.
Transaction Overview
The acquisition agreements provide for an individual purchase price of USD 99.3 million per vessel, once again representing a historically high price for Suezmax newbuildings of this specification. The vessels are scheduled for delivery from the shipyard in May and July 2026, respectively, and the sale is expected to be completed prior to final delivery, subject to the satisfaction of agreed closing conditions.
About European Maritime Finance
European Maritime Finance is a Danish-headquartered maritime investment management firm, licensed and supervised by the Danish Financial Supervisory Authority. The company was founded to provide professional investors with direct, asset-backed exposure to the global shipping markets.
Since inception, EMF has developed, administered and/or managed multiple maritime investment vehicles across the tanker, gas carrier, and dry bulk segments. EMF’s investment philosophy is anchored in:
- High-quality vessel selection
- Strong industrial partnerships with leading service providers & shipowners
- Disciplined asset plays strategies
- A clear focus on modern, fuel-efficient, and environmentally advanced tonnage
To date, EMF has been involved in the acquisition, management, and sale of a substantial fleet of vessels, including a series of eight sister Suezmax newbuildings contracted at Daehan Shipbuilding, of which the vessels sold form part. EMF has established a proven track record of realising value through timely divestments in strong market conditions, with a clear focus on maximising risk-adjusted returns for its investors. The total value of transactions since 2022 has exceeded USD 900 million.
We extend our sincere thanks to our investors for your continued trust and support, which have been fundamental to this strong performance.
