Move Logistics sells ship hit with several detention orders

Move Logistics has sold its general carrier, the Atlas Wind, for less than $2m. (Image: Supplied)

Thu, 17 Oct 2024

Freight company Move Logistics has sold the ship it acquired to pilot a trans-Tasman shipping service. The vessel was detained several times by maritime authorities over safety and other concerns.Move announced to the New Zealand Exchange (NZX) on Oct 8 that it had signed an agreement to sell the Atlas Wind, a Vanuatu-flagged ship it owned via a Singapore-based subsidiary, for US$1.1 million (NZ$1.81m).According to a marine tracking website, the ship is currently near Malaysia. The listed freight and logistics company has performed po...

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