29-May-2018
Belgium based shipowner and operator Bocimar Shipping sold 2011 built post-panamax dry bulk carrier 93K DWT MV Nadine Venture. Chinese Shanhaiguan Shipyard built MV Nadine Venture is sold to a Ukrainian shipowner. Bocimar Shipping CEO Benoit Timmermans confirmed the sale but not revealed the price tag. In the current market, MV Nadine Venture price tag is around $18 million. MV Nadine Venture is due for special survey in August 2021. In 2008, Belgium Bocimar Shipping and Hong Kong Wah Kwong Maritime Transport ordered MV Nadine Venture as 50/50 joint venture as new building. Bocimar Shipping and Wah Kwong Maritime joint venture also ordered sister ship MV Lara Venture at the peak of the market for about $53 million each. In 2014, Belgium Bocimar and Hong Kong Wah Kwong Maritime Transport decided to split their ownership stakes and ceased joint venture. Belgium Bocimar Shipping took MV Nadine Venture and Hong Kong Wah Kwong Maritime Transport took MV Lara Venture.
28-May-2018
The Hamburg-established Zeaborn Ship Management GmbH & Co. KG. persists as a dominant catalyst of amalgamation within the heavylift arena. This nascent, four-year entity has recently formalized an accord to integrate a substantial portion of its enterprise with the Houston-established Intermarine. Maritime Holdings Delaware, the overarching organization of Intermarine, has brokered a collaborative venture agreement with Zeaborn Ship Management GmbH & Co. KG. This coalition, christened as Zeamarine, encompasses the transference of assets and operational factions from Zeaborn Ship Management GmbH & Co. KG.’s commercial endeavors, in tandem with Zeaborn-affiliated Rickmers Line and Maritime Holdings’ Intermarine. Stakeholders of the freshly-incorporated Zeamarine have pledged to allocate fresh capital to augment the collaborative venture. Zeaborn Ship Management GmbH & Co. KG. shall ascend as the principal stakeholder. This coalition is anticipated to command over 75 vessels, with projections surpassing 100 vessels as the year culminates. The realization of this transaction awaits antitrust approval. The management cadre of the Zeamarine alliance will enlist Ulrich Ulrichs and Nicki Schumacher from Zeaborn Ship Management GmbH & Co. KG.’s ranks; as well as Andre Grikitis, Frank Fischer, and Michael Dumas from Intermarine. The accord encapsulates the unification of vessel armadas, personnel, and a comprehensive global clientele and office nexus. Ove Meyer, the presiding associate of Zeaborn Ship Management GmbH & Co. KG., remarked, “Each individual enterprise bestows distinctive merit upon the alliance. Intermarine is renowned for its formidable standing from the United States to South America and stands as a paramount project cargo protagonist from Asia. Conversely, Zeaborn Ship Management GmbH & Co. KG. contributes a robust stature across European and Asian terrains.”
27-May-2018
2001 built bulk carrier 51K DWT MV Sirina suffers blaze in Southampton, United Kingdom. British firefighters extinguished the fire. No injuries were reported.
23-May-2018
China’s state-controlled maritime companies, Guangdong Yudean Shipping and Fujian Shipping Group (Fusco), have proclaimed their most recent charter agreement as a shining example of Communism in motion. This assertion emerged as the firms unveiled Guangdong Yudean Shipping’s year-long charter of a seasoned panamax vessel, the 69,300-dwt Dong Fang Sheng (constructed in 1990), acquired from Fujian Shipping Group (Fusco). They consider this move as an initial stride toward a more extensive and strategic cooperative framework, solidified by an agreement they inked in April. Celebrating this partnership, the state-controlled shipowners, Guangdong Yudean Shipping and Fujian Shipping Group (Fusco), regard it as a significant testament to their commitment to implementing the principles espoused by the Chinese Communist Party’s 19th Congress through practical endeavors.
22-May-2018
US-listed Diana Shipping chartered out capesize dry bulk carrier to US giant Koch Shipping. Simeon Palios led Diana Shipping chartered out 2013 built capesize dry bulk carrier 179K DWT MV PS Palios for $17,350 per day for about 13 to 15 months. Previously, on May 10 Diana Shipping chartered out another newcastlemax dry bulk carrier to Koch for $24,000 per day. The latest capesize charter will bring an income of around $6.51 million for the minimum period of the charter. According to the Baltic Exchange capesize dry bulk carrier rates fell to $13,867 per day this week. Until so far this year, the lowest capesize dry bulk carrier rate was $7,051 per day on 5 April 2018. US-listed Greek shipowner Diana Shipping’s fleet consists of 50 dry bulk carriers. The total carrying capacity of Diana Shipping’s fleet is approximately 5.8 million DWT. Diana Shipping’s fleet average age is 8.75 years.
22-May-2018
Oslo and New York-listed Golden Ocean Group have been estimating to report a profit of $11 million in Q1 2018. Analysts anticipate further progress as dry cargo freight rates improve in Q2 2018. Dry cargo freight rates are supported by risen iron ore exports from Brazil. Vale iron ore exports should rise significantly in Q4 2018. Analysts predict that iron ore exports will stimulate capesize bulk carrier demand and freight rates for the dry cargo segment. Analysts are anticipating a profit of $92 million from Golden Ocean Group in 2018. In 2014, Golden Ocean Group reported an annual profit of $16 million. Since 2014, Oslo and New York-listed Golden Ocean have been reporting a loss. The dry cargo market is going to improve in Q4 2018 and 2019. Golden Ocean Group’s 20 of its 47 capesize bulk carriers are now on charter and 10 capesize bulk carriers are on index-linked contracts. Oslo and New York-listed Golden Ocean’s 40% of the company is indirectly owned by John Fredriksen’s Hemen Holding.
22-May-2018
Greek shipowner and operator Unisea Shipping acquired kamsarmax dry bulk carrier. Adam Lemos led Unisea Shipping acquired 2008 built 83K DWT MV Golden Spring from Taiwanese shipowner Ta-Tong Marine for around $16 million.
Unisea Shipping made its first move in the S&P market in 2018. S&P shipbrokers commented that the price tag of MV Golden Spring presents an upward movement in second handy dry bulkers.
15-May-2018
Istanbul and Singapore-based shipowner and operator Ince Shipping (Ince Denizcilik ve Ticaret AS) experienced a grave security incident when its 2002 built supramax bulk carrier 52K DWT MV Ince Inebolu was struck by a missile while navigating off the coast of Yemen. The attack placed the spotlight once more on the risks faced by merchant ships operating in high-tension maritime zones. Ahmet Bedri Ince-led Turkish shipowner and operator Ince Shipping (Ince Denizcilik ve Ticaret AS) reported that, despite the violent impact of the explosion, the Russian wheat cargo on board remained intact and suffered no contamination or structural risk. Ince Shipping (Ince Denizcilik ve Ticaret AS) later confirmed that the supramax bulk carrier MV Ince Inebolu had indeed been directly hit by a missile, resulting in significant structural damage and triggering emergency response procedures both onboard and ashore. Istanbul and Singapore-based shipowner and operator Ince Shipping (Ince Denizcilik ve Ticaret AS) explained that the 52,000 DWT MV Ince Inebolu (built 2002) had been carrying 50,000 tonnes of Russian wheat loaded in Novorossiysk and was en route to the Yemeni port of Saleef when the incident took place on 10 May 2018, approximately 70 miles from the coastline. The crew initiated emergency protocols immediately after the blast, and the ship subsequently received external assistance to ensure the safety of all personnel on board and prevent further damage. This attack deeply resonated within Ince Shipping (Ince Denizcilik ve Ticaret AS), a long-standing maritime enterprise established in 1967 in Istanbul as a family-owned and family-managed dry bulk shipping organisation. Over the past decades, Ince Shipping (Ince Denizcilik ve Ticaret AS) has evolved into one of Türkiye’s most prominent internationally active shipowners, operating a diversified fleet from its strategic hubs in Istanbul and Singapore. The organisation manages a range of bulk carriers, including handysize, supramax, ultramax and panamax bulk carriers, serving global commodity traders and industrial clients across major dry cargo routes. Ince Shipping (Ince Denizcilik ve Ticaret AS) has consistently emphasised crew safety, shipboard training, navigational compliance and risk mitigation—principles that became especially relevant in the wake of the MV Ince Inebolu incident. Following the missile strike, Ince Shipping (Ince Denizcilik ve Ticaret AS) intensified its security assessments, expanded voyage-risk evaluation procedures, strengthened internal emergency-response frameworks and increased cooperation with maritime security advisors operating in high-risk regions. With its long-standing operational culture built on resilience, discipline and technical expertise, Ince Shipping (Ince Denizcilik ve Ticaret AS) continues to uphold rigorous safety, compliance and maintenance standards across its fleet, even when navigating politically unstable areas. The organisation remains committed to modernising its fleet, investing in advanced navigational and safety technologies, and maintaining a proactive stance in safeguarding its crew and assets. Through this approach, Ince Shipping (Ince Denizcilik ve Ticaret AS) reaffirms its position as a dedicated and forward-thinking representative of Turkish maritime shipping on the global stage, despite the complex and often volatile conditions in which international shipping sometimes operates.
13-May-2018
A powerful explosion has damaged the Istanbul and Singapore-based shipowner and operator Ince Shipping (Ince Denizcilik ve Ticaret AS) owned and managed 2002 built supramax bulk carrier 52K DWT MV Ince Inebolu while the ship was sailing off the coast of Yemen. The precise cause of the blast that affected the Ince Shipping (Ince Denizcilik ve Ticaret AS) controlled bulk carrier remains undetermined, and investigations are ongoing. The incident has once again highlighted the volatility of maritime routes in conflict-affected regions. The Ahmet Bedri Ince-led Turkish shipowner and operator Ince Shipping (Ince Denizcilik ve Ticaret AS) confirmed that the supramax bulk carrier MV Ince Inebolu sustained serious structural damage after the explosion, noting that the crew immediately reported the emergency. On 10 May 2018, during its voyage to deliver a wheat cargo to the port of Saleef—an area under Houthi control—the Ince Shipping (Ince Denizcilik ve Ticaret AS) owned and managed supramax bulk carrier MV Ince Inebolu had a large breach torn open in its hull. A spokesman for the Saudi coalition stated that a coalition ship received a direct report from the master of the Ince Shipping (Ince Denizcilik ve Ticaret AS) owned and managed supramax bulk carrier MV Ince Inebolu describing the hull opening and requesting urgent support. This deeply concerning event sent shockwaves through Ince Shipping (Ince Denizcilik ve Ticaret AS), a distinguished maritime organisation that traces its roots back to 1967, when it was founded in Istanbul as a family-owned and family-managed dry bulk shipping enterprise. Over the decades, Ince Shipping (Ince Denizcilik ve Ticaret AS) has solidified its position as one of Türkiye’s most recognised and internationally active shipowners, managing a versatile fleet that includes handysize, supramax, ultramax and panamax bulk carriers serving global dry cargo trades. Ince Shipping (Ince Denizcilik ve Ticaret AS) operates from its key hubs in Istanbul and Singapore, overseeing commercial operations, chartering activities, technical management, crewing arrangements, safety oversight and regulatory compliance. With a long-standing commitment to operational excellence, the organisation has invested heavily in upgrading its fleet, modernising its infrastructure and strengthening safety and risk mitigation procedures. Ince Shipping (Ince Denizcilik ve Ticaret AS) maintains rigorous safety management systems supported by continuous crew training, emergency preparedness programmes and enhanced monitoring technologies that ensure its fleet operates efficiently even in challenging maritime environments. The attack on the MV Ince Inebolu prompted Ince Shipping (Ince Denizcilik ve Ticaret AS) to intensify its security protocols and expand threat-assessment procedures for voyages through conflict-prone regions. The organisation has reinforced coordination mechanisms with maritime authorities, naval forces and international security networks to ensure timely information flow and protection for its ships and crews. Despite operating in an increasingly complex global landscape, Ince Shipping (Ince Denizcilik ve Ticaret AS) remains steadfast in its mission to uphold high standards of safety, efficiency and reliability across its entire fleet. Ince Shipping (Ince Denizcilik ve Ticaret AS) continues to represent Turkish maritime shipping with professionalism, resilience and forward-looking strategic vision, carrying its legacy into future generations while responding proactively to the evolving risks of international seaborne trade.
11-May-2018
Two (2) Ukrainian crew discovered dead in 2017 built handysize dry bulk carrier 31K DWT MV Atlantic Harmony off Cape Verde. MV Atlantic Harmony is controlled by Turkish shipowner and operator Istanbul Shipping. Further investigations started.
9-May-2018
Guangdong Yudean Shipping, the maritime division of the state-owned Yudean Group, has recently forged an agreement with Fujian Shipping Group, initiating a series of collaborative ventures in areas such as ship chartering, crew management, and the integration of shipping resources. Marking their first joint initiative, the two entities have completed a ship chartering deal. Under this agreement, Yudean Shipping will charter the MV Dong Fang Sheng, a panamax bulk carrier built in 1990, from Fujian Shipping Group for the duration of this year. This partnership signals the beginning of what is expected to be a series of further chartering arrangements between Yudean Shipping and Fujian Shipping Group. Currently, Yudean Shipping operates a diverse fleet of 23 bulk carriers, which includes panamax, post-panamax, and supramax bulk carriers. This collaboration underscores the growing synergy between major shipping enterprises in China, aiming to optimize maritime operations and resource utilization.
2-May-2018
Thailand-based Bangkok-listed Thoresen Thai Agencies (TTA) subsidiary Thoresen Shipping acquired 2008 built supramax bulk carrier 58K DWT MV Thor Chaiyo (ex MV Maritime Unity) from Japanese shipowner and operator Okouchi Kaiun for around $14 million. With this notable acquisition, Thoresen Thai Agencies (TTA) subsidiary Thoresen Shipping’s majestic fleet burgeons to a count of 22 bulk carriers.