27-September-2018
Singapore based dry bulk carrier operator DCC Bulk Transport is in the process of liquidation. Singapore’s Accounting and Corporate Regulating Authority lists DCC Bulk Transport as in liquidation. DCC Bulk Transport is also listed as the subject of a compulsory winding up insolvency process.
DCC Bulk Transport is the commercial management arm of the Greek Halkias Group. DCC Bulk Transport was established by Constantino Halkias, CEO of Meandros Lines and Westgate Tankships.
Singapore based dry bulk carrier operator DCC Bulk Transport began its operation in 2016 with six (6) chartered-in dry bulk carriers and in 2017 increased its fleet to 18 dry bulk carriers after a tie-up with a major European pension fund.
DCC Bulk Transport signed up COA (Contracts of Affreightment) and forward cargo contracts with large alumina, fertilizer, and cement firms when it established.
27-September-2018
Greek shipowner and operator Sea Gate Navigation Ltd acquired third Japanese built capesize dry bulk carrier in nine months. Dimitris and George Stefanou-led Sea Gate Navigation bought 2006 built 185K DWT MV Andros Navigator (ex MV Cape Dover) from Japan’s K Line for around $22 million. MV Andros Navigator (ex MV Cape Dover) was built at Japanese shipyard Kawasaki Heavy Industries. Dimitris and George Stefanou brothers are controlling capesize dry bulk carriers via Sea Gate Navigation Ltd and other dry bulk carriers are controlled via sister company Bright Navigation. Bright Navigation currently manages 5 panamax and 1 ultramax dry bulk carriers. Sea Gate Navigation, Star Bulk Carriers, Bulkseas, Times Navigation are the top companies that acquired capsize dry bulk carriers in 2018. Greek shipowner and operator have spent around $57 million in total for 3 capesize dry bulk carriers. Sea Gate Navigation Ltd, previously acquired 2006 built 176K DWT MV Andros Glory (ex MV NSS Grandeur) and 2003 built 171K DWT MV Andros Beauty (ex MV Aquabeauty). Dimitris and George Stefanou are coming from Greek island Andros.
27-September-2018
Bremen based MPP (MultiPurpose) ship operator dship Carriers has ordered two (2) MPP ships at Taizhou Sanfu Shipyard in China. dship Carriers picked up F-500 type Eco Traders which will join the fleet in Q1 and Q3 2019. MultiPurpose vessels F-500 type has been developed to reduce fuel consumption and to increase stowage flexibility.
20-September-2018
Sea Gate Navigation Ltd, a Greek shipowner and operator based in Piraeus and controlled by the Stefanou brothers, has rapidly emerged as a prominent player in the capesize market. In just nine months, Sea Gate Navigation Ltd has notably expanded its presence in this sector, having not been previously active in the capesize arena before January. This Athens-based Sea Gate Navigation Ltd has successfully acquired its third Japanese-built capesize vessel in this short span, marking a significant stride in its fleet expansion. This latest purchase, confirmed earlier this week according to sources within the Greek shipowning and shipbroker community, positions Sea Gate Navigation Ltd as the second busiest secondhand capesize buyer in Greece this year. Sea Gate Navigation Ltd’s swift and strategic acquisitions highlight its dynamic approach to fleet development, underscoring its status as one of the most active Greek buyers in the capesize segment. Sea Gate Navigation Ltd’s growth trajectory in the capesize market reflects a keen understanding of the maritime industry and an agile response to market opportunities.
19-September-2018
The Hamburg-established Zeaborn Ship Management GmbH & Co. KG. finds itself amidst whispers and speculations from various quarters, hinting at a potential bid for the Oaktree-helmed Hansa Heavy Lift. While inquiries reached the ears of a representative from the Hamburg-based Zeaborn, the response was enigmatic. “Such matters remain within the confines of uncertainty,” intoned the spokesperson, further elaborating," The Hamburg-established Zeaborn Ship Management GmbH & Co. KG. presently engages in a myriad of discussions to amalgamate the maritime domain." Hansa Heavy Lift, too, opted for reticence, refraining from substantiating the circulating surmises. The entity boasts an impressive armada, counting 16 vessels under its banner. Inaugurated in the year 2013, Zeaborn Ship Management GmbH & Co. KG.’s influence in the multifaceted sector has burgeoned, notably with the incorporations of Rickmers-Linie and ER Schiffahrt. Furthermore, an alliance has been forged with the New Orleans-established Intermarine.
17-September-2018
Athens-based shipowner and operator W Marine has recently been identified as the purchaser of the modern (2011-built) post-panamax bulk carrier MV Talia for an estimated $17.2 million. The sale was orchestrated by Silvia Zacchello, the head of Marwave Shipmanagement, a Dutch company that operates commercially under Marwave and technically under Ishima. This transaction comes at a time when the dry bulk market is experiencing an upturn, allowing the seller to secure a favorable sale price. Silvia Zacchello has indicated that Marwave Shipmanagement is gradually shifting its focus towards the tanker segment, anticipating improvements and growth within this sector in the foreseeable future. This strategic realignment reflects Marwave Shipmanagement’s adaptive approach to market dynamics and its intention to capitalize on emerging opportunities in tanker management. W Marine, established by Yiannis Sarantitis in 2003, is steadily expanding its presence in the bulk carrier market. With the acquisition of MV Talia, W Marine’s fleet now consists of eight bulk carriers, including three panamax and five post-panamax vessels. This acquisition underscores W Marine’s commitment to growing and diversifying its fleet, reinforcing its position in the maritime industry as a dynamic and forward-looking operator.
12-September-2018
Japanese shipowner and operator Doun Kisen KK (aka Doun Kisen Co. Ltd) sold 2009 built supramax bulk carrier 55K DWT MV Eleen Neptune (ex MV Bulk Neptune) to Bulgarian commodity trader Eleen Marine for around $15 million. In 2009, Japanese shipowner and operator Doun Kisen KK (aka Doun Kisen Co. Ltd) got the delivery of MV Eleen Neptune (ex MV Bulk Neptune) from Mitsui Engineering & Shipbuilding. Bulgarian commodity trader Eleen Marine has invested in two (2) supramax bulk carriers and Eleen Marine aims to more than double the company’s’ fleet next year. Bulgarian commodity trader Eleen Marine cooperates with Varna-based Meteor Management Bulgaria as the company’’s shipmanager.
11-September-2018
Athens-based W Marine, under the leadership of shipowner Yiannis Sarantitis, has decided to utilize its option for the construction of an additional 82K DWT kamsarmax bulk carrier at Taizhou Kouan Shipbuilding in China. This decision follows W Marine’s initial order for a similar 82K DWT kamsarmax bulk carrier at the same shipyard in February. The newly ordered vessel is slated for delivery in June 2020, marking a strategic expansion in the company’s fleet capabilities. Founded in 2013 by Yiannis Sarantitis, W Marine has been actively managing a diverse fleet of eight bulk carriers, which includes three kamsarmax bulk carriers and five post-panamax bulk carriers. This latest move to exercise the building option not only signifies W Marine’s growth trajectory but also its confidence in the kamsarmax segment as a key area for its operational focus. The addition of another kamsarmax vessel to its fleet demonstrates W Marine’s commitment to strengthening its position in the global shipping industry through strategic fleet enhancement.
9-September-2018
Rickmers Shipmanagement, based in Singapore, has undergone a transformation, now christened as Zeaborn Ship Management (Singapore). For the preceding year, this esteemed entity has been an integral constituent of the Hamburg-established Zeaborn Group, a distinguished pillar of amalgamation in the German maritime sphere during this epoch. Hamburg-established Zeaborn Ship Management GmbH & Co. KG. has elegantly integrated all its maritime management acquisitions, presenting them under the esteemed moniker, Zeaborn Ship Management (Singapore). This conglomerate boasts its primary sanctum in Hamburg, complemented by a prominent Asiatic bureau in Singapore. With stewardship over an impressive fleet of over 150 maritime vessels, predominantly container crafts and bulk carriers, supplemented by a selection of MPPs, the company employs a dedicated cadre of 300 terrestrial employees and a vast seafaring crew approximating 4,550. Zeaborn Ship Management (Singapore) is now under the proficient helm of Charan Singh. Mr. Charan Singh’s prior engagements include an association with ER Schiffahrt, another prized acquisition by Zeaborn Ship Management (Singapore).
5-September-2018
Athens-based shipowner and operator Fafalios Shipping SA, led by Dimitrios Fafalios, has recently acquired its first bulk carrier of the year, marking a notable development for the company, which primarily operates supramax and panamax vessels. Currently, Fafalios Shipping SA manages a fleet consisting of four bulk carriers, each averaging 14 years of age. The latest addition to their fleet is the 2011-built 61K DWT MV Nord Crest, the first bulk carrier built after 2010 to join Fafalios Shipping SA. The company invested approximately $19.5 million in the supramax bulk carrier MV Nord Crest. This acquisition occurred just one month after Fafalios Shipping SA sold another long-standing member of its fleet, a bulk carrier that had been with the company since 2001. In early August, Fafalios Shipping SA completed the sale of the vintage panamax bulk carrier MV Alkyon for about $9.7 million, a move indicative of ongoing fleet renewal efforts. Founded in Piraeus in September 1968, Fafalios Shipping SA has a long-standing specialization in managing dry bulk carriers ranging from 8,000 to 130,000 DWT. Over the years, Fafalios Shipping SA has overseen the construction of more than 20 new bulk carriers, from forest product carriers to panamax bulk carriers. Today, under the leadership of Dimitrios Fafalios, the company continues to specialize in the management of dry bulk carriers, offering a comprehensive array of services. The Fafalios family, now in its 6th and 7th generations, remains deeply engaged in the shipping industry. Many family members are active in various industry organizations, including classification societies, the Baltic Exchange, the International Chamber of Shipping (ICS), the Union of Greek Shipowners (UGS), the Greek Shipping Co-operation Committee (GSCC), Protection & Indemnity (P&I) Clubs, and others, demonstrating their continued commitment to the maritime sector.
5-September-2018
China’s largest private bulk carrier owner, Fujian Guohang Ocean Shipping, and the state-owned Guangdong Yudean Shipping have merged to form a fleet of 58 bulk carriers. The Chinese dry bulk shipping industry is shifting its focus inward as the domestic markets show improvement, prompting the collaboration between the largest private bulk carrier operator in China and a prominent power company. Fujian Guohang Ocean Shipping Group Co Ltd, the leading private bulk carrier owner in China, emphasizes that its strategic alliance with the state-owned Guangdong Yudean Shipping Co Ltd signifies a comprehensive business integration that is currently in its early stages. This consolidation of chartering and other operational domains comes in response to an impressive 814% surge in net profits during the first half of the year, reaching $16.2 million for Fujian Guohang Ocean Shipping Group Co Ltd.
4-September-2018
Turkish shipowner and operator Manta Denizcilik acquired 2000 built handysize dry bulk carrier 31K DWT MV Neva (ex MV Boka) for around $7 million from Monaco based Dabinovic. Manta Denizcilik acquired four (4) handysize dry bulk carriers between 2017 and 2018. With the acquisition of MV Neva (ex MV Boka) Turkish shipowner and operator Manta Denizcilik increased its fleet to nine (9) ships. MV Neva (ex MV Boka) was built at Japanese shipyard Hakodate like all other latest acquisitions. Manta Shipping was established by Mecit Cetinkaya and currently controlled by his descendants.
2-September-2018
Zeamarine, an illustrious heavylift collaboration encompassing Intermarine, Zeaborn Ship Management GmbH & Co. KG., and Rickmers-Line, has seamlessly acquired all requisite regulatory affirmations to inaugurate its operations. The formidable alliance anticipates a majestic fleet of over 85 vessels, with projections surging beyond 100 ships by the year’s close. This merger epitomizes the most recent wave of unifications observed within the heavylift/projects arena, a niche in maritime endeavors witnessing a greater amalgamation in recent half-decades than most. Zeamarine encompasses expansion, enhanced client relations, and an unwavering quest to unearth avenues for fortifying the enterprise.