Wednesday, March 19, 2008

Another former Erie visitor, DAVIKEN, sold

Another recent Erie visitor has changed hands this week, as the DAVIKEN was sold from Viken Shipping to Algoma Central Marine. Along with fleetmates GOVIKEN and SANDVIKEN, the DAVIKEN was sold for a cost of $38 million to Algoma, one of the largest Canadian Lake fleets.

Algoma assumed the vessels' long-term charter to Fednav with the purchase, but announced that upon completion of the charter, the possibility exists that the vessels will be reflagged Canadian and join the Algoma fleet on the Great Lakes. It's possible that if that happens, they may eventually visit Erie.