Taiwanese shipowner and operator Eddie Steamship acquired 2002 built capesize bulk carrier 175K DWT MV China Steel Integrity and 2003 built capesize bulk carrier 175K DWT MV China Steel Responsibility for around $9.5 million each from compatriot China Steel Express (CSE). Eddie Steamship acquired two capesize bulk carriers at the beginning of October 2020. Previously, Hsu Chih-Chien (CC Hsu) led Eddie Steamship and Shandong Shipping formed capesize venture. After the latest capesize sale, Taiwanese shipowner and operator China Steel Express (CSE) has left with a modern fleet of 18 capesize bulk carriers. MV China Steel Integrity and MV China Steel Responsibility will be serving under the COA (Contracts of Affreightment) of Shandong Shipping Asset Management (SAMC). In 2018, Shandong Shipping Asset Management (SAMC) was established as a joint venture between Eddie Steamship and Chinese state-owned partners. In the Shandong Shipping Asset Management (SAMC) joint-venture, Eddie Steamship acts as a shipowner, and Shandong Shipping Corp acts as a chartering operator, and Ocean Capital Shipping Corp acts as a partner which is backed by Chinese state-owned leasing companies. Eddie Steamship acquires the bulk carriers and charters out to Shandong Shipping Asset Management (SAMC). Eddie Steamship is controlled by Hsu Chih-Chien (CC Hsu) and his cousin Steve Hsu and son Jack Hsu controls Sincere Navigation. 13-October-2020
Taiwanese shipowner and operator Eddie Steamship is ready to rebuild its fleet with canceled tonnage at Fareast Shipyards. CEO Xu Zhijian announced Eddie Steamship is watching to acquire 5 kamsarmax bulk carriers with private equity backing. Eddie Steamship asserts that Chine Shipyards increased dry bulk carrier prices and selling all the ships as a package instead of the individual ship. Taiwanese shipowner and operator Eddie Steamship operates about 12 chartered in dry bulk carriers and owns tonnage of one (1) panamax dry bulk carrier 1999 built 80K DWT MV High Speed and one (1) handymax dry bulk carrier 1996 built 47K DWT MV Explorer. CEO Xu Zhijian said Eddie Steamship was the co-founder of Taiwanese shipowner Courage Marine. 2-April-2017