Athens-based Michael D Chandris-led Chandris Group’s dry bulk arm Century Bulk Carriers Management Co. ordered two (2) ultramax bulk carrier new buildings at Cosco Zhoushan Shipyard. Century Bulk Carriers Management Co. will take the delivery of two (2) 63K DWT ultramax bulk carrier new buildings in 2025. Athens-based Michael D Chandris-led Chandris Group’s tanker arm Chandris (Hellas) Inc. owns and operates 13 large tankers, and Chandris Group’s dry bulk arm Century Bulk Carriers Management Co. owns and operates 13 bulk carriers. 28-March-2023
Athens-based Michael D Chandris-led Chandris Group’s dry bulk arm Century Bulk Carriers Management sold four (4) supramax bulk carriers en bloc to unidentified Chinese shipowners. Century Bulk Carriers Management acquired these four (4) supramax bulk carriers during the 2016 shipping recession. STX-Dalian-built supramax bulk carriers MV Serene Lydia, MV Serene Susannah, MV Serene Jessica, and MV Serene Juniper were acquired by Century Bulk Carriers Management in March 2016. Traditional Athens-based Greek ship owner Chandris Group’s dry bulk arm Century Bulk Carriers Management sold 2010 built supramax bulk carrier 57K DWT MV Serene Lydia, 2010 built supramax bulk carrier 57K DWT MV Serene Susannah, 2011 built supramax bulk carrier 57K DWT MV Serene Jessica, and 2011 built supramax bulk carrier 57K DWT MV Serene Juniper. Currently, Century Bulk Carriers Management controlled MV Serene Jessica and MV Serene Juniper are trading in Monaco-based ship manager and operator CTM’s (C Transport Maritime S.A.M.) supramax pool. In 2008, Trojan Maritime ordered MV Serene Lydia, MV Serene Susannah, MV Serene Jessica, and MV Serene Juniper for a hefty price tag of $40 million each. Athens-based Nicholas Notias-led Trojan Maritime was left with no bulk carriers after Trojan Maritime’s last bulk carrier was sold at an auction in 2018. In March 2016, Nicholas Notias-led Trojan Maritime controlled MV Serene Lydia, MV Serene Susannah, MV Serene Jessica, and MV Serene Juniper were acquired by Century Bulk Carriers Management conceivably as part of a debt workout. VesselsValue estimates the ships’ worth had by then dropped to about $36m in total. Athens-based Michael D Chandris-led Chandris Group is known to periodically swoop on fleets with debt problems. In 2018, Chandris Group’s tanker arm Chandris (Hellas) Inc acquired three (3) tanker sisterships and one (1) supramax bulk carrier from Italian shipowner Gestioni Armatoriali. Gestioni Armatorialiunderwent debt restructuring in Q1 2018. Currently, Chandris Group’s tanker arm Chandris (Hellas) Inc has a mixed fleet of 30 vessels comprising tankers, bulk carriers, and LNG carriers. 7-January-2020
Clean Shipping Alliance (CSA 2020) which supports and promotes using scrubbers on ships has added more big ship owners to its membership. Clean Shipping Alliance (CSA 2020) founding members include John Fredriksen’s Frontline and Golden Ocean, Idan Ofer’s Eastern Pacific Shipping, and Navig8. Beginning of 2019, Clean Shipping Alliance (CSA 2020) has 35 member companies. Lately, shipowner and operator Wallenius Wilhelmsen became a member of the Clean Shipping Alliance (CSA 2020). Clean Shipping Alliance (CSA 2020)’s members now own a fleet of nearly 2,500 vessels. Recently, Clean Shipping Alliance (CSA 2020) added big names as members like German ship-manager Hammonia Reederei, United States tanker owner International Seaways, Greek shipowner Chandris Hellas, and United States-based dry bulk shipowner Genco Shipping & Trading. Wallenius Wilhelmsen supports the implementation of the International Maritime Organization 2020 0.5% global sulfur limitation regulation, but Wallenius Wilhelmsen anticipates hike in bunker prices and quality problems. Wallenius Wilhelmsen will use low sulfur fuels on the majority of its fleet and scrubbers on big vessels. Wallenius Wilhelmsen joins the Clean Shipping Alliance (CSA 2020) in order to ensure market players have a sound understanding of the environmental performance of scrubbers. Wallenius Wilhelmsen has a total fleet of 130 ships. 23 ships will be fitted with scrubbers by the end of 2021. Genco Shipping & Trading has heavily invested in marine exhaust gas treatment systems. According to Genco Shipping & Trading’s CEO John Wobensmith, it is important to join Clean Shipping Alliance (CSA 2020) where like-minded shipping companies gather to support scrubbers. Clean Shipping Alliance (CSA 2020) is committed to provide the shipping industry with scientific data on the environmental and operational performance of scrubbers. Other supporting members of the Clean Shipping Alliance (CSA 2020) include Carnival, Safe Bulkers, Cargill, Trafigura, Torm, Hunter Group, Okeanis Eco Tankers, DHT, Blystad Group, Eagle Bulk, Oldendorff Carriers, Grimaldi Group and Spliethoff. 9-March-2019
Greek shipowner and operator Chandris Hellas Inc. sold its 2001 built panamax dry bulk carrier 74K DWT MV Marichristina (ex M/V SA Warrior) for around $5 million. MV Marichristina (ex M/V SA Warrior) is the first bulk carrier sale of Chandris Hellas Inc. since December 2014. In 2003, Greek shipowner and operator Chandris Hellas Inc. bought MV Marichristina (ex M/V SA Warrior) for around $21 million. Greek shipowner and operator Chandris Hellas Inc. also has a sistership 2001 built MV Amira in its fleet. Currently, Chandris Hellas Inc. fleet consists of nine 9 tankers and 16 dry bulk carriers. 19-December-2016