Blumenthal JMK

Ukraine’s one of the most significant achievements is the establishment of a new grain corridor, protected by Ukraine’s own forces, to replace a UN (United Nations) led scheme that Russia had boycotted in July 2023. Despite initial skepticism, Ukraine is on track to complete 100 voyages from previously blocked ports in Odesa, Chornomorsk, and Yuzhny, transporting around 2.5 million tonnes of mainly grain. This achievement is remarkable considering the grain trade’s challenging circumstances, including the lack of available commercial insurance due to ongoing threats of mines and Russian attacks on ports. German shipowner and operator Blumenthal JMK (Bluships) has been the most active in this grain trade, using the corridor to release two (2) trapped bulk carriers from Ukraine and send in ten (10) more from outside. However, this grain trade remains fragile, with insurers, charterers, and cargo shippers playing a significant role. Insurers, due to high premiums, have a considerable influence on the size and value of ships entering the Ukraine corridor. The average age of ships involved in this grain trade is 20 years, indicating that shipowners and insurers are hesitant to send in younger, more valuable ships. Insurance remains costly by war risk standards. While higher-than-average freight rates initially attracted shipowners to Ukraine’s Black Sea corridor, earnings have gradually decreased. The premium over non-Ukraine business has narrowed, possibly falling to between 20% and 50% above standard rates. Greek-based companies, particularly those with Middle Eastern interests, have a significant presence in this trade, including Kriton Lendoudis-led Evalend Shipping and the Greek brothers Dimitris and George Stefanou-led Bright Navigation. Despite its success, trust in the corridor remains limited due to the ongoing threat of floating mines in the Black Sea and continued aerial attacks on Ukrainian port infrastructure. Publicly held shipping firms and top-tier companies still tend to avoid the Ukrainian trade. 8-November-2023

 

Over the weekend, two bulk carriers arrived at the Ukrainian seaport of Chornomorsk to load grain. Additionally, a bulk carrier that had been marooned in Odesa since February 2022 managed to depart. These movements indicate a possible easing of Russia’s blockade in parts of the Black Sea. Bulk carriers, MV Aroyat and MV Resilient Africa, docked on Saturday at Chornomorsk. MV Aroyat and MV Resilient Africa became the inaugural civilian bulk carriers to access a Ukrainian Black Sea port after Russia withdrew from a UN-mediated grain shipping agreement in July 2023. MV Aroyat and MV Resilient Africa are set to transport around 20,000 tons of wheat to destinations in Africa and Asia. On another note, German shipowner and operator Blumenthal JMK (Bluships) controlled 2017 built handysize bulk carrier 35K DWT MV Puma marked the fifth vessel to leave the Ukrainian waters over the weekend. This departure comes after Ukraine established a shipping lane five weeks prior. German shipowner and operator Blumenthal JMK (Bluships) controlled 2017 built handysize bulk carrier 35K DWT MV Puma traveled close to the Romanian and Bulgarian shores before setting its course towards an anchorage near Istanbul. 18-September-2023

 

Ukraine has once more dispatched German shipowner and operator Blumenthal JMK (Bluships) controlled 2017 built handysize bulk carrier 35K DWT MV Puma through a novel maritime passage, meticulously crafted to aid marooned vessels, a repercussion of the ongoing conflict. Late on a recent Friday, an authoritative figure within the Ukrainian government verified that German shipowner and operator Blumenthal JMK (Bluships) controlled 2017 built handysize bulk carrier 35K DWT MV Puma embarked from Odesa in the early hours. Managed by Blumenthal Asia, MV Puma coursed through the Black Sea. German shipowner and operator Blumenthal JMK (Bluships) controlled 2017 built handysize bulk carrier 35K DWT MV Puma began its loading operations on a Tuesday, culminating just after the first light on Friday. MV Puma proudly stands as the quintessential vessel to navigate away from the Ukrainian harbors of Odesa and Pivdennyi under Ukraine’s avant-garde, International Maritime Organization (IMO)-sanctioned maritime passageway since August 2023. MV Puma holds the distinction of being the maiden vessel transporting food commodities. Germany’s one of the oldest shipping company Blumenthal JMK (Bluships) controlled MV Puma hauls an impressive 30K tonnes of rapeseed and metal. Vessels that previously embarked had their hulls filled with iron commodities. The departure of MV Puma is emblematic of Ukraine’s triumph in their quest to overturn a maritime embargo, a Russian imposition on Ukraine’s majestic ports lining the Black Sea’s northern coastline. Ukraine contemplates utilizing this corridor primarily for vessels laden with non-military goods, predominantly agricultural produce destined for African and Asian shores. Nonetheless, skepticism looms over the feasibility of mirroring this initiative on a grand scale for incoming vessels. Presently, no insurance mechanism encompasses such ventures. Russia’s disposition has been rather apathetic towards the endeavor of freeing entrapped vessels from Ukrainian waters. Instead, Russia’s vigor seems channeled towards besieging Ukraine’s unconstrained harbors and imposing challenges for vessels, devoid of cargo, nearing Ukraine’s Danube ports. These ships often undergo rigorous scrutiny due to apprehensions of arms smuggling. The Black Sea’s geopolitical currents intensified post Russia’s withdrawal on 17 July 2023 from a United Nations (UN)-orchestrated sanctuary corridor tailored for grain-laden vessels in the Black Sea’s northwestern quadrant. The Russian incursion into Ukraine in February 2022 left approximately 60 commercial vessels stranded. Among them were modest-sized vessels marooned in Kherson. 16-September-2023

 

Over the past weekend, agents chronicled two exceptional transactions of contemporary bulk carriers, vessels that were swiftly acquired after their initial market introduction. The associated fiscal values of these recent exchanges underscore a burgeoning enthusiasm for contemporary vessels. A mere ten days prior, the esteemed Belgian Conti Lines presented the market with the ultramax bulk carrier 61K DWT MV Cl Ebisu. MV Cl Ebisu was expeditiously procured for a sum slightly beneath $27 million. The brisk interval from its inaugural presentation to its acquisition underscores that vessels of Japanese craftsmanship within this age bracket are markedly more desirable compared to others of differing origins and ages. In a transaction bearing similarity, the contemporaneously aged ultramax bulk carrier 63K MV All Stars Atlas, was relinquished for a modestly reduced amount. Yet another transaction that garnered attention this past weekend was orchestrated between the Singapore-based Safargo Shipping and an undisclosed acquirer. Kamsarmax bulk carrier 82K DWT MV Valiant Spring, exchanged hands for around $28 million. For a comparable transaction, one must journey back to the preceding November, when Doun Kisen parted with the Kamsarmax bulk carrier 83K DWT MV Lowlands Comfort, to Hamburg-based shipowner and operator Reederei Johann MK Blumenthal (Bluships) for around $26 million. 23-April-2023

 

German shipowner and operator Blumenthal JMK (Bluships)’s MV Puma is being unloaded in Rotterdam. Dutch media and the FNV Havens union said dockers had refused to unload 2017 built 35K DWT MV Puma due to an ITF (International Transport Workers Federation) inspector being denied access. Blumenthal JMK (Bluships) confirmed MV Puma had arrived in the Dutch port Rotterdam on Wednesday night. Blumenthal JMK (Bluships) has not explained whether ITF (International Transport Workers Federation) inspectors were being given access to its fleet. Blumenthal JMK (Bluships) was made the subject of an ITF (International Transport Workers Federation) inspection campaign this week. The move followed the detention of the 2008 built supramax dry bulk carrier 58K DWT MV Anna-Elisabeth in Australia for breach of Maritime Labour Convention standards. Union said it wants to open a dialogue with Blumenthal JMK (Bluships)’s chief executive Matthais K Reith on improving conditions on its fleet. 22-April-2019

 

International Transport Worker’s Federation (ITF) has risen inspection operations on Germany’s one of the oldest shipping company Blumenthal JMK (Bluships). After the detention of Blumenthal JMK (Bluships) operated 2008 built supramax bulk carrier 58K DWT MV Anna Elisabeth in Australia for breach of Maritime Labour Convention standards, International Transport Worker’s Federation (ITF) has extended investigations for seafarers’ living conditions, standards and wages. International Transport Worker’s Federation (ITF) is going to use its global network of 147 inspectors around the world to check seafarers’ standards on Blumenthal JMK (Bluships) operated bulk carriers. Previously, the International Transport Worker’s Federation (ITF) revealed the state of food stores on Blumenthal JMK (Bluships) operated bulk carriers. Blumenthal JMK (Bluships) operated bulk carriers were examined after seafarers’ accusations. International Transport Worker’s Federation (ITF) has been trying to communicate with Blumenthal JMK’s (Bluships) CEO Matthais K Reith on developing conditions on the company’s fleet and improve its business practices in line with other world-class shipping companies. Furthermore, the International Transport Worker’s Federation (ITF) requests Blumenthal JMK (Bluships) to comply with ITF agreements. In recent years, some responsible ship charterers have been preferring International Transport Worker’s Federation (ITF) certified ships during charter negotiations. 16-April-2019

 

The Australian Maritime Safety Authority (AMSA) has impounded a German shipowner and operator Blumenthal JMK (Bluships) controlled bulk carrier at Port Kembla, subsequent to crew members voicing their discontents regarding the onboard working environment. Personnel aboard the Hamburg-based shipowner and operator Reederei Johann MK Blumenthal (Bluships) controlled MV Anna-Elisabeth, and conveyed their grievances to a regional transport syndicate concerning inadequate sustenance and restricted shore liberties. The Australian Maritime Safety Authority (AMSA) stated that the objections pertain to an insufficient provisioning of food on MV Anna-Elisabeth, and maltreatment of the seafarers. Scrutinies are in progress, with the shipowner and operator Blumenthal JMK (Bluships) controlled bulk carrier MV Anna-Elisabeth proscribed from departing the harbor. 25-March-2019

 

Athens-based shipowner and operator Delta Tankers is reportedly associated with the procurement of two resale suezmax tanker newbuildings. Shipbrokers suggest that Delta Tankers has assumed ownership of two (2) 160K DWT suezmax tanker newbuildings from Hamburg-based shipowner and operator Reederei Johann MK Blumenthal (Bluships) at an approximate value of $57 million apiece. These suezmax tanker newbuildings, christened Hull 853 and Hull 852, are presently in the meticulous phase of construction at the renowned Hyundai Samho Shipyard in South Korea, with their anticipated delivery set for July. As of now, Athens-based shipowner and operator Delta Tankers proudly operates an impressive armada of 25 tankers. This recent transaction marks the Delta Tankers’ inaugural acquisition since the spring of 2015. 8-June-2017

 

Blumenthal JMK (Bluships) operated and managed panamax dry bulk carrier MV Carola arrested by Korean Rics Shipping for charter-party claim $49,580. MV Carola is owned by New Success Maritime which is a Liberian registered single ship company. 31-March-2016

 

Blumenthal JMK (Bluships) is selling its last capesize bulker 1994 built 149K DWT MV Martha for $6.2 million for recycling. Blumenthal JMK (Bluships) bought MV Martha as MV Arimathian for a $62 million in 2007. 31-March-2016

 

German shipowner and operator Blumenthal JMK (Bluships) is transitioning its capesize bulk carrier construction agreements to suezmax tankers. Hamburg-based shipowner and operator Reederei Johann MK Blumenthal (Bluships) is presently overseeing the crafting of four such bulk carriers at the esteemed Hyundai Heavy Industries in South Korea. Alterations have been made to the vessels’ anticipated delivery schedules. Initially, three of these ships were set to make their maiden voyages this year, with the fourth embarking in 2016. However, the revised plan stipulates that all four will gracefully glide to their destinations by March 2017. This transformation signifies an adventurous venture into the tanker realm for the German conglomerate Reederei Johann MK Blumenthal (Bluships). Save for a singular 2,523 TEU containership, Reederei Johann MK Blumenthal’s (Bluships) majestic fleet primarily boasts bulk carriers, inclusive of five capesize bulk carriers, four panamax bulk carriers, five supramax bulk carriers, and a contingent of nine handysize bulk carriers. It’s noteworthy that Blumenthal JMK (Bluships) isn’t pioneering this shift from bulker constructions to tankers. Previously, in February, Scorpio Bulkers publicized its ambitions to modify its agreements for three nascent capesize vessels, redirecting them to three LR1 product tankers within an undisclosed South Korean dockyard. 7-May-2015