Canbaz Shipping

6-January-2019

Turkish shipowner and operator Canbaz Shipping which focuses on the short-haul shipping of grain, iron ore, and fertilizers, is expanding its fleet by newbuilding and ­secondhand dry bulk carriers.

Canbaz Shipping is plotting fleet expansion plans on the back of optimism that dry bulk shipping will rise. Turkish shipowner and operator Canbaz Shipping anticipate rising demand for bigger-size ships in the Black Sea and the Mediterranean.

Istanbul based shipowner and operator Canbaz Shipping was established by Behcet Canbaz in the 1980s. In December 2017, Canbaz Shipping acquired 2012 built handy bulk carrier 31K DWT MV Orcun C (ex MV Coral Ocean) from Japanese operator Daiichi Chuo Kisen Kaisha for around $13 million. Especially, Canbaz Shipping is interested in geared and ice-classed eco-­bulk carriers up to 6 years old. Turkish shipowner and operator Canbaz Shipping is also in discussions with major Japanese shipyards about a 40K DWT newbuilding bulk carriers. Currently, Canbaz Shipping has a fleet of 8 handy bulk carriers.