Augustea Bunge Maritime Limited ("ABML") a joint venture company of Augustea Atlantica S.p.A. and Bunge Limited (NYSE: BG), has announced the formation of a new joint venture with York Capital Management The new company, ABY Holding Limited ("ABY"), will operate an independent fleet of ocean-going dry-bulk vessels. The Malta-based venture intends to grow through the acquisition and chartering of modern ships. The ABY fleet currently includes two ships that are in-service, the ABML Eva (106,000 dwt, built in 2012) and the ABML Grace (172,000 dwt, built in 2002). ABY also owns three additional ships that are under construction at Japanese shipyards.