30-June-2018
Athens-based shipowner and operator Anbros Maritime S.A., an illustrious third-generation family enterprise, specializes in the refined art of ship management and the global maritime conveyance of dry bulk elemental resources and commodities. This venerable undertaking is orchestrated through its diligently managed flotilla, predominantly encompassing handysize to panamax bulk carriers. Possessing a profound reservoir of wisdom in the dry bulk shipping realm, spanning an impressive eight decades, Anbros Maritime S.A. epitomizes excellence in delivering steadfast, adept, and unparalleled services to its esteemed clientele and trade partners. As a testament to its prowess, Anbros Maritime S.A. crafts are perpetually coveted and commissioned by premier Charterers. Unwavering in Anbros Maritime S.A.’s commitment to uphold a secure, ecologically-conscious, and competitive armada, Anbros Maritime S.A. places immense value on the caliber of its personnel. Whether navigating the seas or stationed on land, they consistently rise to challenges, showcasing remarkable technical acumen and an unwavering allegiance. Attuned to the dynamic nuances of global maritime advancements amidst an ever-evolving and intricate global shipping milieu, Anbros Maritime S.A. ensures its flotilla adheres rigorously to contemporary international standards and edicts. The assiduous surveillance of the state and efficacy of Anbros Maritime S.A. bulk carriers, accentuated by routine on-board supervisions and vetting assessments, guarantees a service par excellence and optimal vessel deployment.
30-June-2018
German shipowner and operator Reederei Nord and Peter Dohle Schiffahrts are teaming up on a new pool named Hanseatic Unity Handysize Pool (HUHP). Hanseatic Unity Handysize Pool (HUHP) is going to focus on modern handysize dry bulk carriers. Hanseatic Unity Handysize Pool (HUHP) will start with 18 ships. German shipowner and operator Reederei Nord will supply 11 ships and Peter Dohle Schiffahrts will supply 7 ships. German shipowner and operator Reederei Nord and Peter Dohle Schiffahrts will run a new venture Hanseatic Unity Handysize Pool (HUHP) from Singapore and Hamburg offices. Hanseatic Unity Handysize Pool (HUHP) will invest and acquire more handysize dry bulk carriers. Hanseatic Unity Handysize Pool (HUHP) will concentrate solely on eco-ships. Eco-shipowners expect earning premiums when new emission regulations begin in 2020. German shipowner and operator Reederei Nord will seek to borrow more than $100 million in the Oslo finance markets to increase its handysize tonnage. German shipowner and operator Reederei Nord will provide Emerald Mark I and Mark II type geared handysize dry bulk carriers and Peter Dohle Schiffahrts will provide Green Dolphin handysize dry bulk carriers. German shipowner and operator Reederei Nord is also a member of Hanseatic Unity Chartering which was set up in 2015 that bundles the commercial operations of 5 containership and dry bulk shipowners including Bernhard Schulte Shipmanagement, Asiatic/Atlantic Lloyd, Borealis Maritime and Leonhardt & Blumberg. Hanseatic Unity Handysize Pool (HUHP) will be run by Sergey Simakin in Hamburg and Matthias Dassler in Singapore.
28-June-2018
Price tags of vintage secondhand dry bulk carriers slumped due to yuan and sluggish Chinese domestic bulk market. Secondhand bulk carriers are unlikely to gain interest from buyers outside China. Shipowners are keen to sell their vintage bulk carriers.
27-June-2018
Korean shipowner and operator Korea Shipping Corp (KSC) has ordered 2 handy bulk self-unloading dry-bulk carriers 29K DWT at Korean Shipyard Daesun Shipbuilding & Marine Engineering. 2 handy bulk self-unloading dry-bulk carriers 29K DWT are costing $33 million due to self-unloading configuration. Self-unloading dry bulk carriers will be delivered in January 2020. Korea Shipping Corp’s subsidiary of the Samla Midas Group has ordered 2 self-unloading dry bulk carriers on the back of long-term consecutive voyage charters (CVC) from a local power company. In May 2018, Korean shipowner and operator Korea Shipping Corp (KSC) had won a 25-year consecutive voyage charter (CVC) from Korea Midland Power Co (KOMIPO) to transport coal between the Boryoung Power Plant and the New Sacheon Power Plant. Samsun Logix changed its name to Korea Shipping Corporation (KSC) after emerging from court receivership in 2016. Samla Midas Group (SM) became a major shareholder of Samsun Logix when Korea Line Corporation (KLC) won a legal suit of $55 million against the bankrupted company over the redelivery of a capesize bulk carrier. $55 million was converted into 39.9% of Samsun Logix shares. Samla Midas Group (SM) bumped its stake up to 74% by acquiring shares from other investors such as SC Lowry. Korean shipowner and operator Korea Shipping Corporation (KSC) currently owns a fleet of 9 dry bulk carriers and 17 containerships.
27-June-2018
Japanese giant shipowner and operator NYK Bulk’s (Nippon Yusen Kabushiki Kaisha) sister company Asahi Shipping ordered 98K DWT coal carrier Tier III-compliant at Japanese Shipyard Oshima Shipbuilding for delivery in Q1 2021. 98K DWT coal carrier ordered on the back of a long-term charter contract with Kobe Steel. In Q1 2021, 98K DWT coal carrier will transport coal from locations outside Japan to mainly the city of Kobe under the 20-year charter.
27-June-2018
Greek tycoon Spiros Polemis established Polembros Bulkers to manage his dry bulk ships. This separate outfit Polembros Bulkers was registered with Greek authorities in May by Polembros Shipping. Spiros Polemis’s strategy is to slowly shift all 9 dry bulk carriers that Polembros Shipping currently owns to Polembros Bulkers. Numerous other Greek dry bulk players have established bulker companies during the last upturn of the shipping cycle like Paris Kassidokostas-Latsis, Melina Travlos, and Leon Patitsas. Earlier, several tanker pioneers wanted to split their dry bulk fleet from their tanker fleet in order to clarify their outline with charterers. Originally, Polembros Bulkers acquired 2007 built handy bulk 28K DWT MV Parana Warrior (ex MV Northern Light) and 2011 built 80K DWT MV Samos Warrior from sister company Polembros Shipping. Currently, Polembros Bulkers has a fleet of 9 dry bulk carriers that comprise 1 kamsarmax, 1 post-panamax, 1 capesize, 1 handysize, and 5 newcastlemax dry bulk carriers. Tankers are nevertheless an essential priority for Polembros Shipping. Currently, Polembros Shipping has 12 tankers.
25-June-2018
The shipowning entity led by Ismini Panagiotidi, Pavimar SA, is expanding its maritime assets with the acquisition of its twelfth bulk carrier. This Athens-based maritime firm is identified as the purchaser of the kamsarmax bulk carrier MV Trade Will, built in 2012, which is being acquired for approximately $16 million. This deal includes a six-month time charter at a daily rate of $7.5k. MV Trade Will is part of a fleet of 26 vessels put on the market by Clarksons after the bankruptcy of Gregory Callimanopulos’ Toisa Shipping the previous year. The collection for sale encompasses seven Chinese-constructed kamsarmax bulk carriers, five suezmax tankers, and eight additional tankers of varied sizes. Since its inception in 2014, Pavimar SA has emerged as one of the most proactive entities in purchasing secondhand panamax and capesize vessels over the past four years.
24-June-2018
Greek supramax ship operator Polforce Shipping Co acquired second supramax dry bulk carrier in 2018. Eleftherios Polemis led Polforce Shipping Co confirmed the acquisition of a supramax dry bulk carrier.
Price tags secondhand supramax dry bulk carriers have increased to levels up to twice their rock-bottom prices in early 2016. Nevertheless, price tags for secondhand supramax dry bulk carriers are quite low by historical measures.
Previously, Greek supramax ship operator Polforce Shipping Co acquired 2011 Korea built supramax dry bulk carrier 58K DWT MV Aliki Force (ex MV DN Vatan) from Turkish shipowner for around $16 million.
24-June-2018
After a pause of 18 months following its last acquisition spree, Vietnamese shipping company Tan Binh, known for specializing in handysize bulk carriers, has re-emerged as a significant player in the market. Tan Binh was notably active in the purchasing arena throughout 2016 but took a quieter stance in 2017. However, recent disclosures from shipbrokers highlight several acquisitions by Tan Binh made discreetly this year. In March, Tan Binh resumed its buying activities by acquiring the 19-year-old, 23K DWT handysize bulk carrier MV Luxury SW from Shih Wei Navigation based in Taiwan. This transaction was soon followed by an $8.2 million acquisition of the 32K DWT handysize bulk carrier MV Conqueror, marking Tan Binh’s first venture into purchasing a ship less than ten years old. This particular purchase, involving an eight-year-old vessel constructed in China and previously owned by Taiwanese shipowner Way East Shipping Agency, was conducted without public disclosure. Additionally, Tan Binh is reported by shipbrokers to have secured the 14-year-old bulker MV Clipper Lasco from Denmark’s Clipper Group for $6 million, in a deal awaiting confirmation. With these recent purchases, Tan Binh has significantly expanded its fleet, having added seven bulk carriers in 2015 and 2016, and despite only making news as a seller in 2017 with a successful asset play. Presently, Tan Binh’s fleet comprises 16 vessels, averaging 16 years in age, demonstrating the company’s renewed vigor in expanding its maritime operations.
23-June-2018
Resuming its position as a key player in the maritime market, Tan Binh Co. Ltd., a Vietnamese firm specializing in handysize bulk carriers, has made a notable comeback with a series of acquisitions after an 18-month break from an intense buying period in 2016. While 2017 saw the company in a more subdued role, the latest reports from shipbrokers highlight Tan Binh Co. Ltd.’s strategic moves in the current year, indicating a strong resurgence in its acquisition activities. The revival kicked off in March with the acquisition of the 19-year-old, 23K DWT MV Luxury SW handysize bulk carrier from Shih Wei Navigation of Taiwan, signifying the beginning of an aggressive procurement strategy. Shortly after, Tan Binh Co. Ltd. secured the 32K DWT handysize bulk carrier MV Conqueror for $8.2 million, marking the company’s first foray into purchasing ships less than ten years old. This transaction involved an eight-year-old Chinese-built vessel previously owned by Way East Shipping Agency of Taiwan, completed in a low-key manner. Additionally, Tan Binh has been recognized as the buyer of the 14-year-old MV Clipper Lasco bulker from Copenhagen based shipowner and operator for $6 million, though this deal awaits final confirmation. These recent purchases align with Tan Binh Co. Ltd.’s broader strategy, which included adding seven bulk carriers to its fleet during 2015 and 2016, contrasting with a quieter 2017 focused more on selling than buying. Presently, Tan Binh Co. Ltd. owns a fleet of 16 bulk carriers, averaging 16 years old, demonstrating the company’s proactive and strategic approach to fleet expansion and its dedication to reinforcing its presence in the global maritime sector.
23-June-2018
German shipowner and operator MLB Manfred Lauterjung Befrachtung GmbH & Co. KG ordered two (2) dry cargo vessels 2K DWT at Szczecin Shipyard in Poland. MLB Manfred Lauterjung Befrachtung GmbH & Co. KG has not reported price tag for new-building bulk carriers. German shipowner and operator MLB Manfred Lauterjung Befrachtung GmbH & Co. KG has a fleet of 23 ships from capesize dry bulk carriers, boxships and MPPs.
23-June-2018
After an 18-month hiatus from its previous acquisition spree, Vietnamese shipowner and operator Tan Binh Co. Ltd., renowned for its expertise in handysize bulk carriers, has once again made a significant impact on the market. Despite laying low in 2017, Tan Binh Co. Ltd. was a prolific purchaser in 2016. Recent reports from shipbrokers unveil a series of strategic acquisitions made by Tan Binh Co. Ltd. this year, signaling a robust return to form. The resurgence began in March when Tan Binh Co. Ltd. acquired the 19-year-old, 23K DWT handysize bulk carrier MV Luxury SW from Taiwan’s Shih Wei Navigation, marking the start of its renewed acquisition efforts. This was swiftly followed by the purchase of the 32K DWT handysize bulk carrier MV Conqueror for $8.2 million, notable for being Vietnamese shipowner and operator Tan Binh Co. Ltd.’s first acquisition of a vessel less than a decade old. This deal, involving an eight-year-old ship built in China and formerly owned by Taiwanese shipping entity Way East Shipping Agency, was completed discreetly. Furthermore, shipbrokers have identified Tan Binh as the purchaser of the 14-year-old bulker MV Clipper Lasco from Denmark’s Clipper Group for $6 million, a transaction that is still pending confirmation. These acquisitions are part of a broader strategy that saw Tan Binh Co. Ltd. adding seven bulk carriers to its fleet in 2015 and 2016, with 2017 being a quieter year where it was known more for a successful sale rather than purchases. As of now, Vietnamese shipowner and operator Tan Binh Co. Ltd.’s fleet has grown to 16 bulk carriers, with an average age of 16 years, showcasing the company’s dynamic approach to fleet expansion and its commitment to strengthening its position in the maritime industry.
23-June-2018
Hong Kong-based commodity trading firm Noble Group has recently completed another transaction with Athens-based shipowner and operator Transmed Shipping Ltd, this time involving the sale of the 2014-built kamsarmax bulk carrier, MV Ocean Ambition, for approximately $23.4 million. Noble Group intends to re-charter the MV Ocean Ambition, opting to sell the vessel due to currently favorable market conditions. The sale price achieved is $700,000 higher than the book value of the MV Ocean Ambition and exceeds the average market valuation by over $400,000. This sale is part of Noble Group’s ongoing financial restructuring process. The MV Ocean Ambition is the third kamsarmax vessel Noble Group has sold to Athens-based Transmed Maritime Ltd in recent months. Additionally, Noble Group completed the sale of another kamsarmax to Primrose Shipping in March. The finalization of the MV Ocean Ambition transaction is anticipated within the next two months. This series of sales reflects Noble Group’s strategic adjustments in response to market dynamics and its broader restructuring efforts.
20-June-2018
A severe fire broke out on Canada Steamship Lines (CSL) self-unloader 1993 built 51K DWT MV Iron Chieftain. Fire began on ship’s conveyor belt in Port Kembla, Australia. MV Iron Chieftain’s 20 crew were evacuated and no injuries had been reported. MV Iron Chieftain was carrying dolomite cargo. Fire broke out during offloading operation.
19-June-2018
John Michael Radziwill led GoodBulk Ltd is the first mainstream shipowner to complete a traditional IPO (Initial Public Offering) in New York in 3 years. GoodBulk IPO (Initial Public Offering) would be the first successful shipping IPO (Initial Public Offering) since Gener8 Maritime floated in June 2015. Monaco based GoodBulk Ltd is seeking to sell 8.5 million shares in a range between $15.50 and $17.50 on the Nasdaq exchange, which would value IPO (Initial Public Offering) around $140 million if it prices at the midpoint. Underwriters have the option to purchase a further 1.275 million shares, which would bring a further $21 million on the same basis. John Michael Radziwill led GoodBulk Ltd unveiled its first public prospectus on 1 June as it looks to bring a fleet of 25 dry bulk carriers (22 capesize dry bulk carriers) on the Nasdaq through an offering led by Morgan Stanley and Credit Suisse. GoodBulk will buy a further 5 second-hand capesize dry bulk carriers for $178.75 million from private company CTM. CarVal Investors is the largest current GoodBulk holder at 49.6% of shares. CarVal Investors would remain as the largest shareholder after the IPO but at 38.5%. Other shareholders include financial fund Lantern (12.9%), Radziwill (12.4%), Brentwood Shipping (11.6%), and Fidelity (9.8%).
19-June-2018
Guangdong Yudean Shipping, the dry bulk shipping division of the state-run power conglomerate Yudean Group, has forged an agreement with Shanghai Guodian Shipping, a subsidiary of Fujian Guohang Shipping, to initiate a series of collaborative endeavors in various maritime domains, encompassing ship chartering and ship management. Under this latest partnership, Yudean Shipping has entered into a one-year charter for the vessel named Guo Yuan 12, a panamax bulker built in 2011, from Shanghai Guodian Shipping. In May, Guangdong Yudean Shipping entered a similar contractual arrangement with Fujian Shipping Group, wherein they chartered the vessel named Dong Fang Sheng, a panamax bulker built in 1990. Currently, Guangdong Yudean Shipping currently commands a fleet of 23 bulkers, comprising panamax, post-panamax, and supramax vessels.
19-June-2018
Norwegian shipowner and operator JJ Ugland sold 2001 built supramax dry bulk carrier 52K DWT MV Tamarita to an undisclosed buyer. European brokers commented that MV Tamarita fetched around $8.5 million. The price tag of MV Tamarita is similar to 2001 supramax dry bulk carrier 52K DWT MV Jag Ratan which was sold by Great Eastern Shipping. Norwegian shipowner and operator JJ Ugland also owns the sistership 2001 built 52K DWT MV Fermita. Norwegian shipowner and operator JJ Ugland’s MD (Managing Director) Oystein Beisland commented that sister-ship MV Fermita is on contract until the autumn and JJ Ugland in no rush to sell this ship. MV Tamarita and MV Fermita were cash cows for JJ Ugland during the boom years in the shipping market. In early 2016, MV Tamarita and MV Fermitawere probably worth just $3 million each. Norwegian shipowner and operator JJ Ugland is ordering new dry bulk carriers from Japanese shipyards.
17-June-2018
Athens-based shipowner and operator Transmed Shipping Ltd acquired a second kamsarmax dry bulk carrier from Noble Group. Transmed Shipping Ltd bought 2015 built kamsarmax dry bulk carrier 81K DWT MV Ocean Forte for around $24 million. Singapore-based Noble Group will book a profit of $300,000. In 2018, commodity trader Noble Group sold 3 kamsarmax dry bulk carriers. In March 2018, Transmed Shipping Ltd bought 2015 built kamsarmax dry bulk carrier 81K DWT MV Ocean Vision for $24 million from Noble Group. Noble Group will have a fleet of 15 owned bulk carriers.
16-June-2018
Pacific Basin Shipping operated 2001 built handy bulk carrier 29K DWT MV Baltic Sea’s one (1) crewman has died and another two (2) were taken to hospital in Mauritius. On 15 June 2018, crewmen were evacuated off Port Mathurin in Mauritius, and the cause of death is still under investigation. Hong Kong-flagged MV Baltic Sea is in the fleet of the Pacific Basin Shipping. After the captain of the MV Baltic Sea distress call, the MV Baltic Sea deviated to the nearest port of Port Mathurin in Mauritius and activating medevac.
13-June-2018
The Hong Kong-based commodity trading company, Noble Group, has recently finalized a deal with Greek shipping company Transmed Shipping Ltd for the sale of the 2015-built kamsarmax bulk carrier, MV Ocean Forte. The vessel, which has a deadweight tonnage of 81,615, was sold for $23.79 million. Noble Group announced that this transaction would result in a net profit of $300,000 for the company. As part of its ongoing restructuring efforts, Noble Group has been actively divesting its kamsarmax bulk carrier fleet since November of the previous year. This strategy included the sale of the 2015-built kamsarmax bulker MV Ocean Vision to Athens-based shipowner and operator Transmed Maritime Ltd in April, and the MV Ocean Integrity to Primrose Shipping in March. In a related development, Goldilocks Investment, the third-largest shareholder in Noble Group, initiated two additional lawsuits against the company in April. These legal actions were aimed at halting Noble Group’s restructuring support agreement, indicating ongoing complexities in the company’s restructuring process.
11-June-2018
Thorco Projects controlled 2014 built 17K DWT MV Thorco Luna has been banned by the Australian Maritime Safety Authority (AMSA) from Australian ports because of failing 3 port state inspections in 2018. MV Thorco Luna is a chartered-in MPP ship that was released from its latest detention at Port Kembla, Australia on 8 June 2018 Friday. MV Thorco Luna has been banned from Australian ports for 3 months. Australian Maritime Safety Authority (AMSA) published that most serious deficiencies originated from the point that officers and crew were unfamiliar with the operation of critical shipboard equipment and procedures for navigation and fire safety. Australian Maritime Safety Authority (AMSA) published that MV Thorco Luna’s supervisors had regularly displeased to assure that the crew can operate the ship safely and in line with international standards. Thorco Projects has been cooperating with the chartered-in tonnage MV Thorco Luna’s owners and technical managers to get to the origin of the cause and to make sure that the ship complies with all appropriate standards and regulations.
6-June-2018
Greek Livanos Group arm Alios Bulkers which controls the Livanos Group’s dry bulk carrier fleet has sold 2002 built panamax dry bulk carrier 74K DWT MV Atlantic Hawk (ex MV Jin Kang) for around $9 million to Chinese shipowner. In July 2004, Alios Bulkers bought MV Atlantic Hawk (ex MV Jin Kang) for around $31 million as prices of bulk carriers had started soaring. MV Atlantic Hawk was worth merely $5 million in 2016. Currently, Greek Livanos Group arm Alios Bulkers fleet consists of 5 Japanese-built panamax dry bulk carriers. Besides Greek Livanos Group dry bulk arm Alios Bulkers, Livanos Group’s tanker fleet is controlled by Sun Enterprises with a fleet of 16 tankers.
5-June-2018
The esteemed coal trading and logistics conglomerate, Qinga Group of China, has officially announced the divestment of their 2011 built panamax bulk carrier to the Athens-based Pappadakis family-controlled shipowner and operator Kassian Maritime Navigation. Earlier this week, both entities formalized their commitment through an MOU (memorandum of understanding) regarding the transfer of the 2011 built panamax bulk carrier 81K DWT MV Oriental Wise. The agreed valuation for 2011 built panamax bulk carrier 81K DWT MV Oriental Wise stands at a notable $17.45 million. In the wake of an invigorated secondary market for bulk carriers, the board opines that this divestiture offers a propitious moment to bolster the consortium’s fiscal foundation. It is the group’s intention to allocate the resultant proceeds from this strategic divestment towards the settlement of certain bank liabilities, as articulated in Qinga Group’s communiqué. From this transaction, Qinga Group anticipates a financial uplift, projecting a profit of $1.8 million.
4-June-2018
Switzerland-based shipowner and operator Suisse-Atlantique is currently in the process of selling two of its older handysize bulk carriers to a Greek shipowner, marking its first sale in over a year. CEO Eric Andre-led shipowner and operator Suisse-Atlantique 2003 built handysize bulk carrier 29K DWT MV Silvretta and 2003 built handysize bulk carrier 29K DWT MV Silvaplana for a combined sum of approximately $14.3 million. MV Silvretta and MV Silvaplana were built by Shikoku Dockyard. Handysize bulk carriers have experienced a significant increase in value since the lowest point of the dry-bulk market decline.
1-June-2018
Hong Kong’s Noble Group has struck a deal with Greek shipping firm Transmed Shipping Ltd for the sale of its 2015-built kamsarmax bulker 81K DWT MV Ocean Vision. MV Ocean Vision was sold for approximately $24 million to Athens-based shipowner and operator Transmed Maritime Ltd. This sale price is in line with what Noble Group received last month for the MV Ocean Vision’s sister ship, the MV Ocean Integrity. Noble Group has been actively seeking to divest its fleet of kamsarmax bulk carriers since November of the previous year. Initially, Noble Group had an agreement in place to sell all four of its kamsarmax bulk carriers for a total of $95 million to an undisclosed buyer. However, after this deal fell through, Noble Group has been able to secure better individual sale prices for each ship. This strategy has proved more beneficial in the unfolding of their asset liquidation plan.