Densay Shipping

Tayfun Gunerhan-led Turkish shipowner and operator Densay Shipping has already taken delivery of two (2) 63K DWT ultramax bulk carriers from Nantong Xiangyu Shipbuilding & Offshore Engineering since November 2021. The Turkish-backed but United Arab Emirates-based Densay Shipping will take take the delivery of third and final ship in the same series, the 63K DWT ultramax bulk carrier MV Interceptor in April 2022. Nantong Xiangyu Shipbuilding & Offshore Engineering’s only known non-Chinese shipowner is Densay Shipping.Turkish shipowner and operator Densay Shipping was established in 1992 by Tayfun Gunerhan. 19-April-2022

 

Tayfun Gunerhan-led Turkish shipowner and operator Densay Shipping acquired 2013 built supramax bulk carrier 57K DWT MV SSI Conquest (ex MV SAM Hawk) from the auctioned fleet of SAM Shipping. Turkish shipowner and operator Densay Shipping uses SSI prefix when naming its bulk carriers. MV SSI Conquest (ex MV SAM Hawk) sistership MV SAM Jaguar might be acquired by Densay Shipping. 30-August-2020

 

Tayfun Gunerhan-led Turkish shipowner and operator Densay Shipping ordered three (3) ultramax bulk carriers 63K DWT at Nantong Xiangyu Shipbuilding & Offshore Engineering. Three (3) ultramax bulk carriers will be delivered in Q1 2022. Densay Shipping did not sign any options for the ultramax bulk carriers. China-based shipyard Nantong Xiangyu Shipbuilding & Offshore Engineering has been completing yard upgrades. Nantong Xiangyu Shipbuilding & Offshore Engineering has already delivered 25 ­vessels since 2018 and the shipyard concentrates on building ultramax bulk carriers. Densay Shipping’s ultramax bulk carriers are designed by Shanghai Merchant Ship Design & Research Institute. Densay Shipping’s ultramax bulk carriers will be outfitted with MAN main engine MAN Energy Solutions, which provides enhanced fuel-oil consumption. Turkish shipowner and operator Densay Shipping has not disclosed any price tag for the ordered ships. In 2017, Densay Shipping ordered ultramax bulk carriers at Jinling Shipyard. In 2019, Densay Shipping took delivery of MV SSI Privilege and MV SSI Splendid. Turkish shipowner and operator Densay Shipping has stayed away from the newbuilding market since 2017. However, Densay Shipping has been busy as an asset player on the S&P (Sale and Purchase) market. In 2018, Densay Shipping entered the tanker market and acquired two (2) tankers. Currently, Densay Shipping has a fleet of 19 ships. 12-August-2020

 

Turkish shipowner and operator Densay Shipping acquired 2015 built handysize bulk carrier 36K DWT MV SSI Reliance (ex MV Alkyon). Previously, MV SSI Reliance (ex MV Alkyon) was owned by Stallion Eight Shipping and managed by Ariston Navigation. MV SSI Reliance (ex MV Alkyon) was acquired by Densay Shipping in an auction in the United Kingdom after a bitter legal row. United Kingdom High Court dismissed the Stallion Eight Shipping’s move to stop the auction. Densay Shipping acquired 2015 built handysize bulk carrier 36K DWT MV SSI Reliance (ex MV Alkyon) for around $12.5 million. Densay Shipping has made profits of around $15 million in asset plays in two years. 9-July-2019

 

Turkish shipowner and operator Densay Shipping sold two (2) 2010 built supramax bulk carriers 57K DWT MV SSI Invincible and MV SSI Expedition to Changjiang National Shipping Group Corporation for around $25 million total. In 2016, Densay Shipping acquired MV SSI Invincible and MV SSI Expedition for around $13.5 million from a bank-driven deal.
Densay Shipping struck again with successful asset play in S&P (Sale and Purchase) market. Changjiang National Shipping Group Corporation is a unit of China Merchants Group. Currently, Changjiang National Shipping Group Corporation has a fleet of 40 ships. In recent years, Densay Shipping has completed profitable asset plays. Densay Shipping has picked substantial profits from buying and selling ships. In 2016, Densay Shipping acquired MV SSI Invincible and MV SSI Expedition from Seoul based Chang Myung Shipping as the MV CS Azalea and MV CS Champ. In 2018, Turkish shipowner and operator Densay Shipping sold 2007 built handysize bulk carrier 32K DWT MV SSI Spring for around $10.5 million to Taylor Maritime. In 2017, Densay Shipping acquired MV SSI Spring from a Japanese shipowner for around $6.5 million. In April 2019, Densay Shipping took the delivery of ultramax new-building bulk carrier 63K DWT MV SSI Splendid from Jinling Shipyard. Densay Shipping will take the delivery of another ultramax new-building bulk carrier at the end of 2019. In April 2019, Densay Shipping acquired 2012 built supramax bulk carrier 56K DWT MV SSI Invincible II (ex MV Naess Resolute) from Naess Ship Management for around $10 million. Currently, Densay Shipping has a fleet of 14 bulk carriers. Turkish shipowner and operator Densay Shipping was established in 1992 by Tayfun Gunerhan. 13-May-2019

 

Turkish shipowner and operator Densay Shipping acquired 2010 Japanese built supramax dry bulk carriers 55K DWT MV Nichirin for about $16 million. Istanbul based shipowner and operator Densay Shipping has been making potential profits on an asset play. Meanwhile, Densay Shipping is trying to sell 2005 built supramax dry bulk carrier 56K DWR MV SSI Nemesis. Densay Shipping bought MV SSI Nemesis (ex MV Nemtas 4) in 2016 from compatriot shipping arm of Nemtas Nemrut for $8.8 million which is currently valued as about $11.65 million. Turkish shipowner and operator Densay Shipping has a fleet of 14 dry bulk carriers from handysize to kamsarmax size. Turkish shipowner and operator Densay Shipping has two ultramax dry bulk carrier new building orders at Chinese Shipyard Jinling Shipyard. In December 2017, Istanbul based shipowner and operator Densay Shipping acquired 2009 built handysize dry bulk carrier 32K DWT MV SSI Magnificent (ex MV King Yukon). In March 2017, Densay Shipping acquired 2007 built handysize dry bulk carrier 32K DWT MV SSI Spring (ex MV Campanula) for about $6.5 million. In October 2017, Densay Shipping acquired 2011 built handysize dry bulk carrier 33K DWT MV Galene M for about $12.5 million from Greek owner Stamatis Molaris. But, both parties has not confirmed the sale of the ship. 28-March-2018

 

Tayfun Gunerhan-led Turkish shipowner and operator Densay Shipping bought 2007 built handy bulk carrier 32K DWT MV SSI Spring (ex MV Campanula) for around $6.5 million. Turkish shipowner and operator Densay Shipping managing 12 dry bulk carriers with sister company Atlantis Ship Management. Tayfun Gunerhan led Turkish shipowner and operator Densay Shipping ordered two (2) new-building ultra bulk carriers at CSC Jinling Shipyard. 25-April-2017