22-May-2022
Hong Kong-based shipowner and operator Jinhui Shipping and Transportation, through its subsidiary Goldbeam Shipping, has entered into a seven-year charter agreement with THC International, a wholly owned subsidiary of Taiwan-incorporated Ta-Ho Maritime Corp, for the 2022-built kamsarmax bulk carrier 84K DWT MV Taho Circular. This Liberia-flagged vessel is slated for delivery between June 11, 2022, and June 30, 2022. Goldbeam Shipping will pay approximately $24.6 million for a minimum of 81 months, with options to extend the charter for an additional six months. This arrangement enables Jinhui Shipping and Transportation to augment its carrying capacity using a modern bulk carrier without the need for substantial immediate capital investment, thereby enhancing the fleet’s profile efficiently.
21-May-2022
UAE-based Shaikh-family controlled shipowner and operator Tomini Shipping has continued to demonstrate an active, opportunity-driven approach in the S&P (Sale and Purchase) market, with Dubai-based Tomini Shipping completing another notable asset trade by selling 2016 built panamax bulk carrier 76K DWT MV Tomini Integrity to Spring Valley Shipping Management for around $33 million. Tomini Shipping acquired MV Tomini Integrity in July 2020 for about $20 million, and the price uplift indicates that UAE-based shipowner and operator Tomini Shipping has realized a sizeable capital gain from the sale of MV Tomini Integrity, reinforcing how Tomini Shipping has used timing and market cycles to crystallize value while managing fleet composition. After taking over the ship, Spring Valley Shipping Management renamed MV Tomini Integrity as MV Annegrit, and Japan built panamax bulk carrier 76K DWT MV Annegrit (ex MV Tomini Integrity) is equipped with a BWTS (Ballast Water Treatment System), a key technical feature for compliance and global trading flexibility. The counterparty also adds an interesting layer to the transaction: Tow Ling Low-backed Spring Valley Shipping Management is linked through a sister relationship to Pacific Rim Shipmanagement, and some bulk carriers now associated with Singapore-based Spring Valley Shipping Management were previously controlled by Pacific Rim Shipmanagement and Royal Marine, pointing to an interconnected owner-operator ecosystem that frequently rotates bulk carrier assets among related platforms. Like Spring Valley Shipping Management, Pacific Rim Shipmanagement appears to be building its bulk carrier fleet, and in March 2022 Tow Ling Low-backed Pacific Rim Shipmanagement acquired three (3) ultramax bulk carriers from Dampskibsselskabet Norden A/S, underscoring how this cluster of buyers has been selectively accumulating modern tonnage. Within that wider S&P landscape, Dubai-based Tomini Shipping—controlled by the Shaikh family—has been one of the more visible repeat participants, frequently adjusting exposure by buying in scale and selling when pricing supports strong returns, rather than holding a static fleet profile. Tomini Shipping’s 2022 activity illustrates that pattern clearly: in March 2022, UAE-based Shaikh-family controlled shipowner and operator Tomini Shipping acquired four (4) 2016 built handysize bulk carriers 39K DWT MV InterLink Audacity, 2016 built handysize bulk carrier 39K DWT MV InterLink Affinity, 2016 built handysize bulk carrier 39K DWT MV InterLink Tenacity, and 2016 built handysize bulk carrier 39K DWT MV InterLink Utility from Interlink Maritime for approximately $102 million en bloc, a block deal that quickly increased Tomini Shipping’s exposure to the highly flexible handysize segment. By combining purchases like the Interlink Maritime en bloc acquisition with profitable disposals such as the MV Tomini Integrity sale, UAE-based Shaikh-family controlled shipowner and operator Tomini Shipping has been actively reshaping fleet mix and capital allocation, using the S&P (Sale and Purchase) market to expand in ship sizes that match Tomini Shipping’s core operating strengths while also monetizing ships when values peak. The MV Tomini Integrity transaction therefore fits a broader Tomini Shipping strategy: deploy capital into dry bulk ships with strong employment optionality, capture upside through disciplined entry prices, and recycle capital into the next growth step—an approach that helps Tomini Shipping balance fleet renewal, segment exposure, and financial flexibility as market conditions evolve.
20-May-2022
Singapore-based shipowner and operator Berge Bulk will disburse around $1 billion over five years as Berge Bulk aims to decarbonize the company’s large bulk carrier fleet. James Marshall-led Berge Bulk prepares to spend $1 billion on a combination of decarbonization technology as well as carbon offsetting. Singapore-based shipowner and operator Berge Bulk aims to be carbon neutral by 2025. Berge Bulk will achieve that by utilizing a four-step process. Firstly, Berge Bulk will improve carbon efficiency by building more efficient vessels. Secondly, Berge Bulk will retrofit carbon-saving appliances such as sails and solar power. Thirdly, Berge Bulk will try new bunkers such as ammonia or some sort of biofuel. Singapore-based shipowner and operator Berge Bulk does not believe in LNG because LNG is a carbon-based fuel and eventually the Berge Bulk must use zero-carbon bunkers. Lastly, Berge Bulk will plant 25 million trees over the next five years. Singapore-based shipowner and operator Berge Bulk will start today and the company will not wait until 2040 or 2050. Singapore-based shipowner and operator Berge Bulk thinks that IMO (International Maritime Organization) targets for carbon reduction are too slack and not aggressive enough.
20-May-2022
New York-listed shipowner and operator EuroDry (EDRY) intends to extend the bulk carrier fleet to take advantage of uncertainty-driven low ship supply. However, Aristides Pittas-led shipowner and operator EuroDry (EDRY) is currently not planning to order new building bulk carriers. EuroDry (EDRY) prepares to acquire secondhand bulk carriers. Currently, New York-listed shipowner and operator EuroDry (EDRY) has a fleet of 11 bulk carriers. Athens-based New York-listed shipowner and operator EuroDry (EDRY) has not chared out bulk carriers for longer periods. Therefore, the shipping market is reluctant toward the dry bulk ships today at these price levels. In Q1 2022, EuroDry (EDRY) acquired one (1) panamax bulk carrier and one (1) supramax bulk carrier. EuroDry (EDRY) acquired 2005 built panamax bulk carrier 76K DWT MV Santa Cruz for around $16 million and 2014 built supramax bulk carrier 57K DWT MV Molyvos Luck for around $21 million. Q1 2022 results are not enough to attract EuroDry (EDRY) to order new building bulk carriers. Aristides Pittas orders new ships for Euroseas (ESEA), a sister company of EuroDry (EDRY). Euroseas (ESEA) mainly owns and operates container ships. Aristides Pittas-backed New York-listed shipowner and operator Euroseas (ESEA) has nine (9) newbuildings on order through 2024 in Korea. The shipping market is witnessing new building orders in container ships because currently container shipowners can obtain long-term charters.
20-May-2022
Nasdaq-listed Greek shipowner and operator Globus Maritime (GLBS) ordered two (2) 64K DWT fuel-efficient ultramax bulk carriers at Nantong Cosco KHI Ship Engineering. Greek George Feidakis-backed shipowner and operator Globus Maritime (GLBS) will pay around $35 million each. Globus Maritime’s fleet has been managed by subsidiary Globus Shipmanagement Corp. in Greece. CEO Athanasios Feidakis-led Globus Maritime (GLBS) will take the delivery of the first ultramax bulk carrier in Q3 2024. Globus Maritime (GLBS) will take the delivery of the second ultramax bulk carrier in Q4 2024. Nasdaq-listed Greek shipowner and operator Globus Maritime (GLBS) prepares to acquire the new building ultramax bulk carriers with a combination of debt and cash. However, the company will resume investigating the company’s best options at the appropriate financing time. Globus Maritime (GLBS) will continue to improve shareholder value and growth. CEO Athanasios Feidakis-led Globus Maritime (GLBS) ordered two (2) 64K DWT fuel-efficient ultramax bulk carriers with high technological benchmarks. New building ultramax bulk carriers will be equipped to manage challenges in the shipping industry. Last week, Greek shipowner and operator Globus Maritime (GLBS) ordered another 64K DWT fuel-efficient ultramax bulk carrier at Nihon Shipyard in Japan. This is the first new building order of Globus Maritime (GLBS) since the company’s establishment in 2006. Globus Maritime (GLBS) will pay around $37 million to Nihon Shipyard in Japan.
20-May-2022
Torvald Klaveness and Marubeni joint venture Baumarine Panamax Pool has announced a prominent supplementary pay-out for Japanese panamax bulk carriers that exceeded expressed speed and fuel consumption levels. Therefore, shipowners tend to favor describing their ships more conservatively. Norwegian shipowner and operator Torvald Klaveness and Japanese trading giant Marubeni Group co-operated panamax pool Baumarine Panamax Pool by MaruKlav Management Inc. Baumarine Panamax Pool by MaruKlav Management Incorporation expressed that 2006 built panamax bulk carrier 75K DWT MV Coral Ring’s shipowner Mizuho Sangyo was remunerated around $94K in Q1 2022. 2006 built panamax bulk carrier 75K DWT MV Coral Ring over-performed by 7% on the level of speed/fuel consumption originally guaranteed by the shipowner Mizuho Sangyo when MV Coral Ring joined Baumarine Panamax Pool by MaruKlav Management Inc in January 2021. MV Coral Ring has since been chartered out to Oldendorff Carriers for three months in April 2022. Baumarine Panamax Pool by MaruKlav Management Inc expressed the pool is challenging the status quo. Baumarine Panamax Pool by MaruKlav Management Inc continuously scrutinizes the real performance of the pool fleet and remunerates pool members extra payments through a quarterly redistributions model to ships when they perform better than described. Torvald Klaveness and Marubeni joint venture Baumarine Panamax Pool thinks that shipowners who maintain their ships well should be remunerated for better performance. In April 2022, Baumarine Panamax Pool had outstripped Baltic Exchange benchmark gains in Q1 2022. Currently, Baumarine Panamax Pool has a fleet of about 30 panamax bulk carriers.
19-May-2022
Dubai-based Turkish shipowner and operator Densay Shipping acquired two (2) kamsarmax bulk carriers from Norwegian shipping tycoon John Fredriksen. Currently, Tayfun Gunerhan-led Turkish shipowner and operator Densay Shipping’s fleet is running towards 40 ships. In 2013, John Fredriksen acquired two (2) kamsarmax bulk carriers as newbuildings about the same price. The Turkish-backed but United Arab Emirates-based Densay Shipping has been rapidly expanding the fleet. In Q4 2021, Dubai-based shipowner and operator swooped acquired 2012 built built capesize bulk carrier from Noble Group for approximately $28 million. Dubai-based Turkish shipowner and operator Densay Shipping was founded in 1992 by Tayfun Gunerhan, who began his shipping career as a deck officer in 1985.
19-May-2022
Athens-based George Economou-led shipowner and operator TMS Dry Ltd acquired 2015 built kamsarmax bulk carrier 81K DWT MV BTG Kailash and 2015 built kamsarmax bulk carrier 81K DWT MV BTG Olympos for around $71 million. George Economou-backed TMS Dry Ltd acquired MV BTG Kailash and MV BTG Olympos from Bulk Trading Group (BTG) which is a joint venture between Kristian Gerhard Jebsen Skipsrederi (KGJS) and JP Morgan’s Global Maritime Investment Fund. Greek shipowner George Economou has been a constant bulk carrier buyer. Since June 2021, Greek shipowner George Economou acquired one (1) newcastlemax bulk carrier, two (2) capesize bulk carriers, one (1) kamsarmax bulk carrier, and two (2) panamax bulk carriers on the secondhand S&P (Sale and Purchase) market for a total estimated cost of about $190 million. Furthermore, Greek shipowner George Economou ordered four (4) ultramax bulk carrier newbuildings at Nantong Xiangyu Shipbuilding & Offshore Engineering for around $32 million each.
18-May-2022
Bermuda-registered Norway-based dry bulk shipping company Golden Ocean Group reported net earnings of $125 million in Q1 2022. The world’s biggest listed shipowner of large bulk carriers Golden Ocean Group reported a revenue of $265 million in Q1 2022. Currently, John Fredriksen’s bulker company Golden Ocean Group has a fleet of 94 bulk carriers. CEO Ulrik Andersen-led Golden Ocean Group reported TCE (Time Charter Equivalent) earnings of $24,778 per day for capesize bulk carriers in Q1 2022. Furthermore, Ocean Group reported TCE (Time Charter Equivalent) earnings of $23,693 for panamax and ultramax bulk carriers in Q1 2022. Oslo and Nasdaq-listed Golden Ocean Group has covered 78% of capesize bulk carriers days at $28,300, and $27,500 for panamax and ultramax bulk carriers at 77% in Q2 2022. Bermuda-registered Norway-based dry bulk shipping company Golden Ocean Group had signed a new loan contract worth $275 million to refinance 14 capesize bulk carriers. New $275 million loan will enhance cash breakeven rates for 4 capesize bulk carriers by about $1,500 per day. John Fredriksen’s bulker company Golden Ocean Group is paying a dividend of $0.50 per share. Oslo and Nasdaq-listed Golden Ocean Group had accomplished strong Q1 2022 on the back of a robust panamax market and a contract coverage for the capesize fleet. CEO Ulrik Andersen-led Golden Ocean Group expects strengthening of the freight market in the Q2 2022. John Fredriksen’s bulker company Golden Ocean Group has an optimistic outlook due to healthy demand growth and an exceptionally advantageous fleet supply. Bermuda-registered, Norway-based dry bulk shipping company Golden Ocean Group reported $14.5 million profit from associated companies SwissMarine and United Freight Carriers. In 2021, John Fredriksen’s bulker company Golden Ocean Group renewed the fleet, sold vintage ships and acquired or orderered 25 modern bulk carriers.
18-May-2022
Norwegian shipowner and operator Kristian Gerhard Jebsen Skipsrederi AS (KGJS) sold 2015 built kamsarmax bulk carrier 81K DWT MV BTG Kailash and 2015 built kamsarmax bulk carrier 81K DWT MV BTG Olympos to Greek shipowner George Economou-backed TMS Dry for around $71 million. 2015 built kamsarmax bulk carrier 81K DWT MV BTG Kailash and 2015 built kamsarmax bulk carrier 81K DWT MV BTG Olympos were listed under the ownership of the Bulk Trading Group (BTG) which is a joint venture between Kristian Gerhard Jebsen Skipsrederi (KGJS) and JP Morgan’s Global Maritime Investment Fund. In October 2020, Norwegian shipowner and operator Kristian Gerhard Jebsen Skipsrederi AS (KGJS) and JP Morgan’s Global Maritime Investment Fund joint venture Bulk Trading Group (BTG) sold 2015 built kamsarmax bulk carrier 81K DWT MV BTG Everest for around $22 million. Furthermore, Kristian Gerhard Jebsen Skipsrederi AS (KGJS) and JP Morgan’s Global Maritime Investment Fund joint venture Bulk Trading Group (BTG) sold 2015 built kamsarmax bulk carrier 81K DWT MV BTG Eiger for around $23 million. The second-hand dry bulk carriers’ prices have increased since 2020.
17-May-2022
Vega Bulk Carriers, operating out of Dubai and Oslo, continues its assertive expansion in the maritime industry. The company has recently acquired another vessel, capitalizing on strong period charter rates to sustain its growth. Founded by Norwegian shipowner Kenneth Fjeld, Vega Bulk Carriers started in Dubai in 2021 and has since been actively increasing its presence in the dry bulk sector. Vega Bulk Carriers has rapidly built up its fleet since its entrance into ship ownership last year. Currently, Vega Bulk Carriers owns three bulk carriers and has plans to expand its fleet to five by the beginning of the upcoming summer. This ambitious growth plan is a testament to the Vega Bulk Carriers’ strategic approach and confidence in the bulk shipping market. The latest acquisition by Vega Bulk Carriers is the 2011-built handysize bulk carrier, MV Vega Everest (ex MV Seastar Empress), with a capacity of 35K DWT. This vessel was purchased for around $16.5 million, as confirmed by Kenneth Fjeld, based in Dubai, and Niklas Sindum, based in Oslo. Vega Bulk Carriers’ proactive approach in acquiring new vessels and its strategic investments reflect the company’s commitment to strengthening its position in the global shipping industry. The decision to continually expand Vega Bulk Carriers’ fleet underscores the company’s optimistic outlook on the profitability and potential of the handysize bulk carrier segment.
15-May-2022
Singapore-based shipowner and operator Eastern Pacific Shipping (EPS) has elegantly acquired four LNG carriers formerly under the ownership of Russia’s Sovcomflot, sealing the deal for a sum slightly exceeding $700 million. Idan Ofer-led shipowner and operator Eastern Pacific Chartering (EPC) procured these LNG carriers from the revered Dutch financial institution, ING. These LNG carriers, christened MT SCF Timmerman, MT SCF Barents, MT SCF Mitre, and MT SCF Melampus, carry prestigious charters associated with Shell. In light of the stringent sanctions imposed by the EU and UK governing bodies, financial institutions were endowed with a transitional grace period to disengage from Russian contractual bindings, mandating a definitive severance with Russian corporations by May 15. Russian shipowner and operatorSovcomflot, reflecting upon its strategic assets, expressed aspirations to divest a portion of its fleet. Novoship, a notable subsidiary of Sovcomflot, successfully offloaded two vessels, fetching a handsome amount of approximately $14 million for two seasoned 47K DWT ships crafted by Hyundai Mipo, illustriously named Pamir and Elbrus. In the initial tumultuous days of the conflict with Ukraine, another pair of vessels of equivalent age, an MR and an aframax, found new ownership. The ship formerly known as MT Tuchkov Bridge has been rebaptized as MT Valor, and the 2005-built aframax, once called MT Cangjie, now sails under the title MT NS Challenge.
15-May-2022
Taiwan Navigation Company (TNC) has once again turned to a well-known shipyard in Japan to further augment its growing fleet. According to information provided by shipbrokers, Taiwan Navigation Company (TNC), a prominent Taiwanese shipowner and operator, has recently placed orders for two handysize bulk carriers with a capacity of 40K deadweight tons (DWT) at Namura Shipbuilding. The scheduled delivery for these vessels is set for the year 2024, although specific pricing details have not been disclosed as of now. Headquartered in Taipei, Taiwan Navigation Company (TNC) maintains a diverse fleet composition that encompasses various types of vessels, including Kamsarmax, Panamax, and Handy bulk carriers. In addition to its bulk carrier segment, the company also operates a ferry service, a dredger, and manages a fleet of tugboats, further solidifying its presence and versatility within the maritime industry.
14-May-2022
Norwegian shipowner and operator Kristian Gerhard Jebsen Skipsrederi AS (KGJS) is primarily a tanker owner. Kristian Gerhard Jebsen Skipsrederi AS (KGJS) has sold kamsarmax bulk carriers in recent years as poor tanker markets weighed on the company’s results and directed Kristian Gerhard Jebsen Skipsrederi AS (KGJS) to debt restructuring talks with creditors. Norwegian shipowner and operator Kristian Gerhard Jebsen Skipsrederi AS (KGJS) and JP Morgan’s Global Maritime Investment Fund joint venture Bulk Trading Group (BTG) owned eight (8) kamsarmax bulk carriers which were built between 2015 and 2021. Kristian Gerhard Jebsen Skipsrederi AS (KGJS) managed 2020 built kamsarmax bulk carrier 82K DWT MV BTG Ulriken and 2021 built kamsarmax bulk carrier 82K DWT MV BTG Apo are listed under the ownership of S&I Leasing. In December 2019, S&I Leasing was established as joint venture by Seven Yield Holding and Itochu Corp. 2020 built kamsarmax bulk carrier 82K DWT MV BTG Ulriken and 2021 built kamsarmax bulk carrier 82K DWT MV BTG Apo are on seven-year bareboat charters back to Kristian Gerhard Jebsen Skipsrederi AS (KGJS) till the end of 2027.
11-May-2022
On May 11, 2022, Ta-Ho Maritime Corp, the maritime division of Taiwan Cement Corp (TCC), celebrated the arrival of the eco-modern kamsarmax bulk carrier MV TAHO VIRTUE through a virtual delivery ceremony. This vessel represents the eighth bulk carrier newbuild since Ta-Ho Maritime Corp initiated its fleet upgrade in 2018. Taiwan Cement Corp (TCC)’s Chairman, Mr. Nelson Chang, remarked, “Amid supply chain disruptions and logistical challenges brought on by the pandemic, it is our duty to facilitate smooth international trade. The introduction of the eco-modern kamsarmax bulk carrier MV TAHO VIRTUE aims to mitigate inflationary pressures and smooth out global supply chain disruptions, inadvertently contributing to the stabilization of the global economy. We also hope that, with continued stable global trade, there will be progress toward world peace.” Due to COVID restrictions, this marks the second instance where Ta-Ho Maritime Corp has welcomed a new eco-modern kamsarmax bulk carrier remotely. It was a privilege for Taiwan Cement Corp (TCC) to have Mrs. Ruth Koo Chang, Chairman of LDC Hotels & Resorts, christen the MV TAHO VIRTUE. In times of needless conflict elsewhere in the world, the name ‘virtue’ resonates deeply, reflecting one of Taiwan Cement Corp’s (TCC’s) foundational values.
8-May-2022
The ambitious endeavor to privatize the Shipping Corporation of India (SCI) is expected to extend over several more months. This initiative is a segment of a broader privatization effort spanning various sectors, with the Indian Government focusing on the privatization of the Mumbai-based Shipping Corporation of India (SCI) for the past 18 months. Despite progressing to the tender stage and selecting some finalists, the intricate composition of the conglomerate has prompted the government to pause the process. The pause is to facilitate the separation of non-core real estate assets, setting a provisional timeline to invite new bids in September. In line with the strategic divestment plan, the government is segregating Shipping Corporation of India’s (SCI) Shipping House, its training institute in Pune, and other non-core assets to streamline the sale process.
7-May-2022
Croatian shipowner and operator Atlantska Plovidba sold 2012 built supramax bulk carrier 57K DWT MV AP Ston for around $19.5 million. Dubrovnik-based shipowner and operator Atlantska Plovidba has not revealed the buyers. Atlantska Plovidba will deliver 2012 built supramax bulk carrier 57K DWT MV AP Ston to the new shipowner in Q4 2022. However, till that time MV AP Ston will be managed by Zagreb-listed shipowner and operator Atlantska Plovidba. In June 2021, 2012 built supramax bulk carrier 57K DWT MV AP Ston was reported sold to a Chinese finance company in a leaseback deal. In Q1 2022, Croatian shipowner and operator Atlantska Plovidba reported a net profit of $9.4 million. Lately, Dubrovnik-based shipowner and operator Atlantska Plovidba has been boosting cash through a series of sale-and-leaseback agreements. In August 2021, Croatian shipowner and operator Atlantska Plovidba sold 2016 built handysize bulk carrier 38K DWT MV AP Revelin to leasing house CSSC Shipping to slash interest payments. Sale-and-leaseback agreement comprised a charter back to Croatian shipowner and operator Atlantska Plovidba for eight (8)years. In September 2021, Dubrovnik-based shipowner and operator Atlantska Plovidba expressed the company was renewing its fleet. Atlantska Plovidba ordered two (2) 82K DWT kamsarmax bulk carriers with two (2) options at Jiangsu Hantong Ship Heavy Industry. Zagreb-listed shipowner and operator Atlantska Plovidba paid around $34 million per kamsarmax bulk carrier. Currently, Atlantska Plovidba operates 10 bulk carriers extending from handysize up to panamax bulk carriers.
7-May-2022
Nasdaq-listed dry bulk shipowner and operator Pangaea Logistics Solutions (PANL) sold 1999 built panamax bulk carrier 73K DWT MV Bulk Pangaea for around $8.8 million. Mark Filanowski-led Pangaea Logistics Solutions (PANL) enjoyed to cash in on increasing prices of the company’s vintage bulk carriers. Currently, 1999 built panamax bulk carrier 73K DWT MV Bulk Pangaea’s market value is around $10.5 million, however, the MV Bulk Pangaea is due for dry docking. Previously, Rhode Island-based dry bulk shipowner and operator Pangaea Logistics Solutions (PANL) expressed little interest in seriously boosting the company’s owned fleet. Pangaea Logistics Solutions (PANL) has been looking at taking advantage of the rising S&P (Sale and Purchase) market. 1999 built panamax bulk carrier 73K DWT MV Bulk Pangaea was trading between the Mississippi River and Jamaica. MV Bulk Pangaea was carrying bauxite for Noranda Bauxite and Alumina for a long-term. Currently, Pangaea Logistics Solutions (PANL) has a fleet of 24 owned and partially owned vessels.
6-May-2022
Istanbul-based shipowner and operator Aruna Shipping acquired two supramax bulk carriers for around $45 million en bloc from Atlantic Bulk Carriers. Ismail Bekmezci-backed shipowner and operator Aruna Shipping made the company’s first move in the secondhand S&P (Sale and Purchase) market since its establishment. Turkish shipowner and operator Aruna Shipping acquired 2011 built supramax bulk carrier 57K DWT MV Desert Hope and 2011 built supramax bulk carrier 57K DWT MV Desert Peace. MV Desert Hope and MV Desert Peace were built at Hyundai Mipo Dockyard (HMD). In 2011, Istanbul-based shipowner and operator Aruna Shipping was established, the company ordered three supramax newbuildings 2012 built supramax bulk carrier 55K DWT MV Aruna Hulya, 2012 built supramax bulk carrier 55K DWT MV Aruna Ece, and 2013 built supramax bulk carrier 55K DWT MV Aruna Ismail. MV Aruna Hulya, MV Aruna Ece, and MV Aruna Ismail are still trading in the Aruna Shipping’s fleet. Istanbul-based shipowner and operator Aruna Shipping is led by Ismail Bekmezci and his sons, Cihan Bekmezci and Cengiz Bekmezci. Aruna Shipping is a separate company from Beks Shipmanagement. Beks Shipmanagement is led by another member of the Bekmezci family. Atlantic Bulk Carriers ordered 2011 built supramax bulk carrier 57K DWT MV Desert Hope and 2011 built supramax bulk carrier 57K DWT MV Desert Peace as newbuildings and has traded the supramax bulk carriers continuously since 2011. Atlantic Bulk Carriers has been in a fleet-renewal programme.
6-May-2022
New York-listed shipowner and operator Costamare sold 2009 built supramax bulk carrier 57K DWT MV Thunder to a Chinese shipowner and operator for around $18 million. New York-listed shipowner and operator Costamare entered into bulker segment 2021. Costamare owns one of the industry’s largest fleets of containerships for charter. In 2021, Costamare acquired 46 dry bulk carriers of diverse sizes (7 Kamsarmax Bulk Carriers, 1 Panamax Bulk Carrier, 5 Ultramax Bulk Carriers, 17 Supramax Bulk Carriers, 16 Handysize Bulk Carriers), these bulk carriers will serve short, medium and long-haul dry bulk trade routes worldwide. In July 2021, Costamare acquired 2009 built supramax bulk carrier 57K DWT MV Thunder for around $14 million.