Berge Bulk

Singapore based shipowner and operator Berge Bulk is selling another large ore carrier for demolition. James Marshall led Berge Bulk is selling 1995 built VLOC (Very Large Ore Carrier) 265K DWT MV Berge Lhotse (ex MV Oriental Beauty) for scrap for around $15 million. MV Berge Lhotse (ex MV Oriental Beauty) is due for SS (Special Survey) in January 2020. Since 2019, Berge Bulk has sold around ten bulk carriers to scrapyards. In 2012, Berge Bulk acquired MV Berge Lhotse (ex MV Oriental Beauty) from COSCO Shanghai Ship Management Co. Ltd. MV Berge Lhotse (ex MV Oriental Beauty will call at Yantai Port China at the end of November. Recently, Singapore based shipowner and operator Berge Bulk has been busy in the S&P (Sale and Purchase) market. Berge Bulk acquired 2012 built capesize bulk carrier 176K DWT MV CSSC Wan Mei for around $18 million. Including MV CSSC Wan Mei, Berge Bulk has acquired six (6) capesize bulk carriers in 2020. Currently, Singapore-based shipowner and operator Berge Bulk controls a fleet of 78 bulk carriers. 23-November-2020

 

Singapore based shipowner and operator Berge Bulk acquired 2008 built capesize bulk carrier 177K DWT MV Cape Fushen from a Japanese shipowner Fukujin Kisen for around $14 million. MV Cape Fushen is operated by Tokyo based giant ship operator K Line. In 2008, MV Cape Fushen was built at Shanghai Waigaoqiao Shipyard. In September 2020, Berge Bulk acquired 2006 built capesize bulk carrier 203K DWT MV Cape Daisy for around $13 million. In July 2020, Berge Bulk acquired 2005 built capesize bulk carrier 203K DWT MV Berge Dinara (ex MV Cape Rosa) for around $14 million. Since the beginning of 2020, Singapore based shipowner and operator Berge Bulk has sold four (4) capesize bulk carriers to scrapyards. Japanese steel mills have decreased iron ore demand and Japanese shipowners started to dispose of the bulk carriers. Japanese three (3) giant ship operators NYK Line, K Line, and Mitsui OSK Lines do not take the risk of operating bulk carriers at the spot market. 14-September-2020

 

Singapore based shipowner and operator Berge Bulk controlled 2016 built capesize bulk carrier 211K DWT MV Berge Zugspitze’s crew members turn the ship into floating vegetable farm. Berge Bulk’s crew members fixed a vertical hydroponic system to create a vertical garden at sea to grow up vegetables. Berge Bulk’s crew members have been harvesting and cooking vegetables in the galley during coronavirus pandemic. Berge Bulk’s crew members are delighted that they are consuming vegetables that haven’t been touched by other people. Furthermore, Berge Bulk’s crew members are experiencing new vegetables that they have never heard of before. James Marshall led Berge Bulk intends to capture CO2 emissions, whilst at the same time producing fresh, sustainable vegetables that the crew can harvest. Furthermore, harvesting is a stress-busting activity for the crew members of Berge Bulk. 19-August-2020

 

Singapore based shipowner and operator Berge Bulk is selling another large ore carrier for demolition. Berge Bulk is aiming to renew its fleet. Berge Bulk is selling 268K DWT MV Berge Hua Shan (built-in 1993) for scrapping in either Bangladesh or India. In 2019, Berge Bulk sold four (4) large bulk carriers for scrap:

  • In December 2019, Berge Bulk sold 290K DWT MV Berge Vinson (built-in 1990) for $398 per ldt (Lightweight Displacement Tonnage) or for about $15 million.
  • In December 2019, Berge Bulk sold 289K DWT MV Berge Bureya (built-in 1993) for $410 per ldt (Lightweight Displacement Tonnage) or for about $15.3 million.
  • In March 2019, Berge Bulk sold 263K DWT MV Berge Manuslo (built-in 1992) for $448 per ldt (Lightweight Displacement Tonnage).
  • In March 2019, Berge Bulk sold 289K DWT MV Berge Denali (built-in 1992) for $465 per ldt (Lightweight Displacement Tonnage).

Berge Bulk received higher prices for demolition at the beginning of 2019. Berge Bulk still prefer the traditional but controversial beaching method for scrapping their ships. In September 2019, Berge Bulk acquired 176K DWT MV Bulk Success (built-in 2014), for about $24 million. James Marshall led Berge Bulk has a fleet of 60 large bulk carriers. 4-January-2020

 

Singapore based shipowner and operator Berge Bulk scrapped fourth VLOC (Very Large Ore Carrier) in 2019. James Marshall led Berge Bulk sold 1990 built VLOC (Very Large Ore Carrier) 290K DWT MV Berge Vinson for demolition in Bangladesh at around $398 per ldt (Light Displacement Tonnage), around $15 million. Demolition price tag of MV Berge Vinson includes 350 tons of bunkers onboard. MV Berge Vinson was put up for sale in the sale and purchase market in November 2019. In May 2008, Berge Bulk purchased MV Berge Vinson (ex MV Ness) from Sinotrans for $36 million. MV Berge Vinson (ex MV Ness) is not due for a special survey until July 2022.
Berge Bulk has already sold three (3) VLOCs (Very Large Ore Carriers) for demolition so far in 2019:
• MV Berge Denali (289K DWT 1992 built)
• MV Berge Manaslu (263K DWT 1992 built)
• MV Berge Bureya (289K DWT 1993 built)

Singapore based shipowner and operator Berge Bulk’s oldest ship in its fleet is 1986 built biggest bulk carrier in the world 364K DWT MV Berge Stahl. Including newbuilding orders, Berge Bulk has a fleet of 71 bulk carriers. 12-December-2019

 

Singapore based shipowner and operator Berge Bulk spend $540 million for up to eight (8) dual-fuelled newcastlemax bulk carriers with two (2) options. James Marshall led Berge Bulk has commissioned Shanghai Waigaoqiao Shipbuilding (SWS) to construct LNG-fuelled newcastlemax bulk carriers for delivery at the end of 2021 and in early 2022. Furthermore, Berge Bulk is in discussions with Qingdao Beihai Shipbuilding Heavy Industry for a similar newbuilding order. Berge Bulk is paying around $67 million for each LNG-fuelled newcastlemax bulk carrier new-buildings. Currently, conventional Tier III compliant newcastlemax bulk carrier costs around $53 million, LNG-fuelled newcastlemax bulk carrier costs an additional $14 million. Singapore based shipowner and operator Berge Bulk will become the first company to sign up for LNG-fuelled newcastlemax bulk carriers. The latest orders are in line with Berge Bulk’s fleet renewal and expansion. In 2019, Berge Bulk scrapped three (3) VLOCs (Very Large Ore Carriers):
• MV Berge Denali (289K DWT 1992 Built)
• MV Berge Manaslu (263K DWT 1992 Built)
• MV Berge Bureya (289K DWT 1993 Built)

In October 2019, Berge Bulk acquired 2014 built capesize bulk carrier 176K DWT Berge Orizaba (ex MV Bulk Success) from Shanghai HNA Marine Shipping for $24.5 million. In 2020, Berge Bulk is entering ultramax segment with the newbuilding deliveries of 63K DWT MV Berge Yotei and 63K DWT MV Berge Tateyama. Currently, Singapore based shipowner and operator Berge Bulk has a fleet of 71 ships. 1-December-2019

 

Singapore based shipowner and operator Berge Bulk sold 1993 built VLOC (Very Large Ore Carrier) 289K DWT MV Berge Burey for demolition for around $410 per ldt (Light Displacement Tonnage). MV Berge Burey is the third VLOC (Very Large Ore Carrier) that James Marshall led Berge Bulk sold to scrap. Berge Bulk has been in the fleet renewal programme. MV Berge Burey has been out of its long-term charter deal. MV Berge Burey is not due for SS (Special Survey) until 2021. Previously, Berge Bulk sold 1992 built VLOC (Very Large Ore Carrier) 263K DWT MV Berge Manuslo for around $448 per ldt (Light Displacement Tonnage) and 1992 built VLOC (Very Large Ore Carrier) 289K DWT MV Berge Denali for around $465 per ldt (Light Displacement Tonnage). In September 2019, Singapore-based shipowner and operator Berge Bulk acquired a 2014 built capesize bulk carrier 176K DWT MV Berge Orizaba (ex MV Bulk Success) for around $24 million. Furthermore, Berge Bulk has four (4) newcastlemax new-building orders at Bohai Shipyard. Berge Bulk is a leading player in the capesize segment. Currently, Berge Bulk has a fleet of 50 large bulk carriers. 16-October-2019

 

Singapore based shipowner and operator Berge Bulk Shipping acquired buys five-year-old capesize bulk carrier. CEO James Marshall led Berge Bulk Shipping acquired 2014 built capesize bulk carrier 176K DWT MV Bulk Success for around $24 million from HNA Marine, China. MV Bulk Success was constructed at Jinhai Heavy Industries, China. Berge Bulk Shipping is in fleet renewal move. MV Bulk Success’ price tag reflects the firmer capesize freight market is not yet lifting ship values. The estimated sale and purchase (S&P) market value of MV Bulk Success is around $28 million. In March 2019, Berge Bulk Shipping sold 1992 built 263K DWT MV Berge Manaslu and 1992 built 289K DWT MV Berge Denali for demolition. Berge Bulk Shipping operates around 70 bulk carriers. 4-September-2019

 

Singaporean shipowner Berge Bulk and Brazilian mining giant Vale scraps dry bulk carriers in hot scrapping market. James Marshall led Berge Bulk sold 1992 built 263K DWT MV Berge Manaslu at a price of $18 million ($457.50 per ldt – Light Displacement Tonnage). Berge Bulk has a fleet of 60 dry bulk carriers that are capesize or larger ships. Brazilian mining giant Vale sold 1999 built 169K DWT MV Ore Guaiba to Bangladesh for green recycling for $10 million ($450 per ldt – Light Displacement Tonnage). In May 2009, Vale bought MV Ore Guaiba (ex MV Tai Shan) from Sincere Navigation for $36 million. 31-March-2019

 

Singapore based shipowner and operator Berge Bulk sold 1992 built VLOC (Very Large Ore Carrier) 289K DWT MV Berge Denali for demolition for around $465 per ldt (Light Displacement Tonnage). MV Berge Denali deal includes 600 tons of bunkers. MV Berge Denali is due for SS (Special Survey) in June 2021. James Marshall led Berge Bulk is the fourth player after Cosco, John Fredriksen, and John Angelicoussis in terms of managing large bulk carriers. Singapore based shipowner and operator Berge Bulk was established in 2007. Notwithstanding a weak capesize spot market in 2019, very few capesize bulk carriers have been sold for demolition in 2019. Capesize bulk carriers rates have been pounded in 2019 following a dam collapse at a Vale facility. Vale closedown of iron ore mines with a combined capacity of 40 million tons. According to capesize players, ship scrapping saves capesize rates. It seems that the weak iron ore demand and scrapping will increase a lot in near future. 25-February-2019

 

Singapore based shipowner and operator Berge Bulk and Brazi based commodity giant Vale are both reported to have each sold a capesize dry for demolition. 1998 built capesize dry bulk carrier 172K DWT M/V Berge Atlantic was sent to a Bangladesh scrapyard. 1986 built capesize dry bulk carrier 251K DWT M/V Ore Brutucu was also sent to Bangladesh Scrapyards. Cash buyer GMS said these two (2) capesize dry bulk carriers appear to be at least $15 to $20 per ldt (Lightweight Displacement Tonnage) ahead of the market. 21-December-2016