Cobelfret Bulk Carriers

Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN chartered in 2013 built kamsarmax bulk carrier 82K DWT MV Myrto from Athens-based New York-listed shipowner and operator Diana Shipping (DSX) for $12,650 per day. Cobelfret Bulk Carriers CLdN will take the delivery of MV Myrto on July 15, 2023. The duration of the charter will extend from a minimum of November 1, 2024, to a maximum of January 15, 2025. Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN will pay approximately $5.91 million in gross revenue for the initially scheduled period of the time charter. Athens-based New York-listed shipowner and operator Diana Shipping (DSX) successfully secured employment for several of its bulk carriers. In April 2023, Diana Shipping (DSX) acquired charters for the bulk carriers MV DSI Drammen and MV Electra. In the subsequent month, Diana Shipping (DSX) finalized deals for MV Santa Barbara and MV Phaidra. Furthermore, in June 2023, a charter agreement was inked for the capesize bulk carrier MV New York and the ultramax bulk carrier MV DSI Altair. Athens-based New York-listed shipowner and operator Diana Shipping’s (DSX) fleet presently comprises 42 dry bulk carriers, consisting of four newcastlemax, ten capesize, five post-panamax, six kamsarmax, seven panamax, and ten ultramax vessels. The combined carrying capacity of the fleet is approximately 4.7 million deadweight tons (dwt), with a weighted average age of 10.23 years. 14-July-2023

 

Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN chartered in 2013 built post-panamax bulk carrier 87K DWT MV Electra from Nasdaq Stock Market (Nasdaq)-listed OceanPal, Diana Shipping’s (DSX) new separate sister company, for $14,500 per day. Belgian bulk carrier and ro-ro operator Cobelfret Bulk Carriers CLdN will pay approximately $5.93 million. The commencement of the charter is anticipated on April 13, with the possibility of extending it until August 1, 2024. Since last July, 2013 built post-panamax bulk carrier 87K DWT MV Electra has been chartered to Refined Success Limited, earning a daily rate of $17,500. In the meantime, OceanPal, boasting a fleet of five bulk carriers, has successfully arranged a time charter agreement with Paris-based shipowner and operator Louis-Dreyfus Armateurs (LDA) for 2015 built panamax bulk carrier MV Melia, constructed in 2005. MV Melia has already embarked on its 120-day charter at a daily rate of $14,000, with the option of extending for an additional 60 days. The agreement is expected to generate nearly $1.7 million for the designated minimum charter duration. 11-April-2023

 

Athens-based New York-listed shipowner and operator Diana Shipping (DSX) has successfully secured employment for two of its bulk carriers, which are expected to generate approximately $15 million during the minimum scheduled duration of their contracts. Diana Shipping (DSX) has reached an agreement with Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN for a charter extension of 2012 built post-panamax bulk carrier 98K DWT MV Polymnia. The charter, which commenced on January 14, fixed MV Polymnia between April 1, 2024, and May 31, 2024. The agreed daily rate for the charter is $10,000 for the initial 30 days and $15,000 for the remaining period. Belgian bulk carrier and ro-ro operator Cobelfret Bulk Carriers CLdN had previously been paying $24,750 per day for 2012 built post-panamax bulk carrier 98K DWT MV Polymnia. 16-January-2023

 

Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN chartered in 2012 built post-panamax bulk carrier MV Amphitrite at a rate of $14,250 per day from Athens-based New York-listed shipowner and operator Diana Shipping (DSX). Belgian bulk carrier and ro-ro operator Cobelfret Bulk Carriers CLdN 2012 chartered in 2012 built post-panamax bulk carrier MV Amphitrite’s charter is scheduled to commence on November 10. The charter period spans from December 1, 2023, to February 15, 2024. 7-November-2022

 

Athens-based New York-listed shipowner and operator Diana Shipping (DSX) has finalized a charter extension with Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN for the post-panamax bulk carrier MV Polymnia, in a transaction that will result in a significant iBelgian bulk carrier and ro-ro operator Cobelfret Bulk Carriers CLdN has chartred in 2012 built post-panamax bulk carrier 98K DWT MV Polymnia at a rate of $24,750 per day, effective from February 2, 2022, until March 15, 2023. Previously, Cobelfret Bulk Carriers CLdN was paying $12,100 per day. Cobelfret Bulk Carriers CLdN is anticipating top pay approximately $8.5 million in gross during the scheduled timeframe of the time charter, through MV Polymnia’s employment. 18-January-2022

 

Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN has engaged in a time charter agreement with Athens-based New York-listed shipowner and operator Diana Shipping (DSX) for the 2012 built post-panamax bulk carrier MV Polymnia. The charter commenced recently at a rate of $12,100 per day and is expected to last between October 15, 2021, and December 25, 2021. Previously, the 2012 built post-panamax bulk carrier MV Polymnia was chartered to Cargill at a daily rate of $11,000. Cobelfret Bulk Carriers CLdN will be paying approximately $3.91 million during the stipulated minimum time charter period. 29-November-2020

 

Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN sold third capesize bulk carrier in 2019. Belgian bulk carrier and ro-ro operator Cobelfret Bulk Carriers CLdN continue to trim its bulk carrier fleet. Cobelfret Bulk Carriers sold 2005 built capesize bulk carrier 176K DWT MV Lowlands Orchid for $15.9 million. In 2005 MV Lowlands Orchid was built at Universal Shipbuilding, Japan. MV Lowlands Orchid is due for a special survey in October 2020. In September 2019, Cobelfret Bulk Carriers CLdN sold 2002 built capesize bulk carrier 169K DWT MV Lowlands Brilliance $11.9 million. In 2002, MV Lowlands Brilliance was built at Hyundai Heavy Industries, South Korea. MV Lowlands Brilliance was renamed as MV F Fortune by Korean shipowner and operator SM Line. In July 2019, Cobelfret Bulk Carriers sold 2004 built capesize bulk carrier 177K DWT MV Lowlands Phoenix for $11.85 million. MV Lowlands Phoenix was acquired by Chinese shipowners Sinounion Shipping Services. In 2018, Cobelfret Bulk Carriers CLdN also sold 2001 built capesize bulk carrier 173K DWT MV Lowlands Longevity to the same Korean shipowner SM Line. After the sale of MV Lowlands Longevity, Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN will be left with one capesize bulk carrier 2012 built 179K DWT MV Lowlands Prosperity, 14 small bulk carriers and 21 Ro-Ro ships. 5-December-2019

 

In the first week of July 2019, Cobelfret Bulk Carriers CLdN and Nissen Kaiun sold two capesize dry bulk carriers. Nevertheless, these transactions don’t necessarily mean a revival for capesize dry bulk carriers in the sale and purchase market. Cobelfret Bulk Carriers CLdN sold 2004 Japanese built capesize dry bulk carrier 177K DWT MV Lowlands Phoenix to Chinese shipowners for about $13 million. Nissen Kaiun sold 2011 Japanese built capesize dry bulk carrier 182K DWT MV Global Mercator to Greek shipowner Samos Steamship for about $26 million. Despite the latest transactions of capesize dry bulk carriers, the sale and purchase market remains relatively stagnant, even though cape spot rates are at the highest level seen in 11 months. According to sale and purchase market experts, capesize bulk carrier book values are still relatively high, that is why Japanese shipowners are trying to sell ships and book a tax loss. Till July 2019, only 9 other capesize bulk carries have been reported sold. Some shipowners are selling their ships in order to free up capital to order new-buildings. Japanese shipowner Nissen Kaiun ordered 10 handysize log carrier new-buildings worth about total $250 million at Japan’s Tsuneishi Shipbuilding. Meantime, Singapore based shipowner Singa Star is trying to sell 2007 built capesize dry bulk carrier 180K DWT MV Nord Steel for around $18 million. MV Nord Steel has been in and out of sale and purchase market since the first week of January 2019. Formerly, Singa Star had expected to achieve a price of over $22 million. 10-July-2019

 

Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN has seized an opportunity to acquire two post-panamax bulk carriers that are scheduled for delivery from Tsuneishi Zhoushan in China in the near future. Belgian bulk carrier and ro-ro operator Cobelfret Bulk Carriers CLdN will be paying around $34 million per unit for the MV AGTR Ambition and MV AGTR Blossom, new post-panamax bulk carriers based on the Tess 99 design, which are optimized versions with a capacity of 99,000 DWT (deadweight tons). These post-panamax bulk carriers, known as Zhoushanmaxes, belong to Tsuneishi’s highly acclaimed Tess 98 series. Initially, they were ordered by a Singaporean-Chinese joint venture called Safargo, with the Kambara family, who control the shipyard, participating as equity partners. As a result of this sale to Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN, Safargo will retain two kamsarmax bulk carriers, which were also delivered by Tsuneishi Zhoushan four years ago. This resale transaction will expand Cobelfret Bulk Carriers CLdN’s bulk carrier fleet to a total of 16 vessels, including four post-panamax bulk carriers. 19-June-2019

 

Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN acquires post-panamax bulk carrier from Japanese shipowner Misuga Kaiun Belgian bulker and ro-ro shipowner, Cobelfret Bulk Carriers CLdN, is augmenting its fleet of larger bulkers through the procurement of an eight-year-old, post-panamax vessel under Japanese control. Cobelfret Bulk Carriers CLdN purchased 2011 built post-panamax bulk carrier 95K DWT MV Tender Salute from Misuga Kaiun for around $17 million. Belgian shipowner and operator Cobelfret Bulk Carriers CLdN appears to have obtained MV Tender Salute at a favorable value. Just a year ago, Cobelfret Bulk Carriers CLdN bought the sistership 2013 built post-panamax bulk carrier 95K DWT MV Conrad Oldendorff from Oldendorff Carriers for around $19 million. Shipbrokers have indicated a significant level of interest in 2011 built post-panamax bulk carrier 95K DWT MV Tender Salute due to the Japanese shipowner Misuga Kaiun’s desire to sell, which ultimately contributed to keeping the price at a lower level. In May of last year, Cobelfret Bulk Carriers CLdN divested itself of the handysize bulk carrier segment by selling the MV Lowlands Saguenay and MV Lowlands Boreas (both built-in 2013) to Montreal-based shipowner and operator Fednav for $14 million each. Additionally, in October 2018, Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN sold the 2001 built capesize bulk carrier 173K DWT MV Lowlands Longevity to South Korea’s SM Line for around $11.85 million. Cobelfret Bulk Carriers CLdN has a preference for post-panamax bulk carriers and currently has two 95K DWT K DWT under construction at Oshima Shipbuilding, with expected deliveries in the current year and 2020, each costing $25 million. Currently, Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN has a mixed fleet consisting of 19 ro-ro ships and 15 bulk carriers. 19-February-2019

 

Antwerp-based shipowner and operator Cobelfret Bulk Carriers CLdN is continuing its rapid expansion of its fleet in 2017, as reported by shipbrokers who have revealed that the company has recently placed an uncommon order for bulk carriers in Japan. Cobelfret Bulk Carriers CLdN has engaged the services of Oshima Shipbuilding, renowned worldwide for its exceptional craftsmanship in constructing bulk carriers, to build two (2) post-panamax bulk carriers with a capacity of 98,000 DWT (deadweight tons). These splendid post-panamax bulk carriers are scheduled for delivery in 2019, and their price remains undisclosed. Earlier this year, Belgian bulk carrier and ro-ro operator Cobelfret Bulk Carriers CLdN acquired another post-panamax bulk carrier from German shipowner and operator Oldendorff for a sum of $19 million. Furthermore, Cobelfret’s roro subsidiary initiated an order for two roll-on/roll-off ships with a capacity of 8,000 units each from Hyundai Mipo Dockyard at the beginning of February. 27-March-2017