Oslo-based shipowner Atlantica has cashed in on a container ship and invested in a secondhand product tanker as it continues to rebalance its fleet.

Brokers reported that the Norwegian asset player is the previously unidentified buyer of the 50,900-dwt MR2 product tanker Arctic Bay (built 2006).

The company bought the ship, which is to be renamed Atlantica Bell, from Germany's Interorient Marine Services for $11.5m