Eastwind & Marine Capital Pick Up Georgia’s OSCo Fleet

The Eastwind Group of New York and Marine Capital of London announced today that they have reached agreement with the Ministry of Economic Development of Georgia for their acquisition of Ocean Shipping Company, following a recently-concluded competitive bidding process. OSCo, the Georgian state shipping company, owns a fleet of 15 product tankers ranging in size from 16,000 to 35,000 DWT and in year of build from 1981 to 2004. The ships have been trading primarily in the Atlantic Ocean and the Baltic and Mediterranean Seas.

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