Marine Capital Becomes Owner of Georgian Ocean Shipping Co.

Georgian Prime Minister Zurab Nogaideli said on April 22 that the British Marine Capital company, which is a subsidiary company of Aquamarine Shipping Consultants, has already paid USD 93 million to the Georgian budget.

The Georgian government agreed to sell the Shipping Company to Marine Capital after annulling an earlier privatization deal with Armstrong Holdings Corporation in late March. 

The Prime Minister said that the income received from this privatization will be directed towards the armed forces, energy sector and the rehabilitation of roads.

According to the Georgian Economy Ministry Marine Capital will operate the Georgian Ocean Shipping Company through a newly set up company – Georgian Tanker Limited.

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