Theodore Veniamis-led Greek shipowner and operator Golden Union Shipping (Golden Union Enterprises SA), a well-established Athens-based shipping group with a strong presence in the global dry bulk market, owned and operated 2013 built supramax bulk carrier 56K DWT MV Flag Gangos and Singapore-registered bunker tanker MT Marine Dynamo collided on Monday about 8 km south of Tanah Merah, Indonesia. The Maritime and Port Authority of Singapore (MPA) stated that the incident was reported at 9:25 local time. Golden Union Shipping (Golden Union Enterprises SA) controlled 2013 built supramax bulk carrier 56K DWT MV Flag Gangos and Vitol Bunkers controlled bunker tanker MT Marine Dynamo remain stable, and the Maritime and Port Authority of Singapore (MPA) has opened an investigation. One crew member from MT Marine Dynamo sustained minor bruises and sprains and is being treated onboard. All other crew from both MV Flag Gangos and MT Marine Dynamo have been accounted for and are safe. Light oil sheens were observed in the water near the MT Marine Dynamo. MT Marine Dynamo captain reported that marine gas oil (MGO) used for propulsion had spilled from a service tank located above the waterline. The Maritime and Port Authority of Singapore (MPA) noted that marine gas oil (MGO) is a light fuel similar to diesel that evaporates and breaks down readily in the environment. Patrol and spill response craft have been deployed to assist and disperse the sheens, supported by drone monitoring. The Maritime and Port Authority of Singapore (MPA) has also issued a navigational broadcast to alert other ships, adding that there is no impact on navigational safety. The Marine Dynamo is an 8,300 DWT bunker tanker built in 2023, owned by Vitol Bunkers and chartered by Chevron. 2013 built supramax bulk carrier 56K DWT MV Flag Gangos is owned by Athens-based shipowner and operator Golden Union Shipping (Golden Union Enterprises SA). Golden Union Shipping (Golden Union Enterprises SA), founded by prominent Greek shipowner Theodore Veniamis, has long been recognized as one of the most respected privately-owned shipping enterprises in Greece. Headquartered in Athens, Golden Union Shipping (Golden Union Enterprises SA) has developed a diverse and modern fleet specializing primarily in supramax, panamax, and capesize bulk carriers, while also being active in various other shipping segments throughout its long history. The shipping group has earned a reputation for professionalism, reliability, and operational excellence, ensuring that its ships meet the highest standards of safety, environmental responsibility, and technical management. Golden Union Shipping (Golden Union Enterprises SA) plays a critical role in servicing global trade routes, carrying essential commodities such as coal, iron ore, grain, and bauxite for major charterers and commodity trading houses. Over decades of operations, Golden Union Shipping (Golden Union Enterprises SA) has established close and enduring relationships with leading international trading companies, shipbrokers, and financiers, solidifying its reputation as a trusted partner in the highly competitive maritime industry. The group is also known for its strong financial foundations, which have allowed it to successfully navigate shipping market cycles, expand its fleet through both newbuilding projects and secondhand acquisitions, and maintain long-term stability in a volatile sector. Under the leadership of Theodore Veniamis, who has also served as President of the Union of Greek Shipowners (UGS), Golden Union Shipping (Golden Union Enterprises SA) has been at the forefront of promoting Greek shipping interests on a global scale and has consistently demonstrated a commitment to advancing high standards of corporate governance and environmental performance. The shipping group’s long-standing contribution to Greek shipping, its ability to adapt to changing industry dynamics, and its continued investment in fleet modernization make Golden Union Shipping (Golden Union Enterprises SA) one of the cornerstones of Greece’s position as the world’s leading shipowning nation. 2-September-2025
Shanghai-based Chinaland Shipping, a shipowner and operator, has recently expanded its operations into the capesize bulk carrier segment. In August 2024, the company initiated this expansion by acquiring two capesize bulk carriers and has now further enlarged its fleet with the addition of its largest vessel to date, a newcastlemax bulk carrier. Traditionally, Chinaland Shipping has concentrated on handymax and supramax bulk carriers but is now making significant strides into larger vessel classes. The recent acquisition involves a 2007 Imabari-built newcastlemax bulk carrier, the 206K DWT MV Crassier, which Chinaland Shipping purchased from Theodore Veniamis-led Greek shipowner and operator Golden Union Shipping for approximately $29 million. This move marks a significant scale-up in Chinaland Shipping’s operational capacity and strategic diversification in its shipping portfolio. Golden Union Shipping, the previous owner of the MV Crassier, is a prominent player in the maritime industry based in Athens, Greece. Led by industry veteran Theodore Veniamis, Golden Union Shipping has a long-standing reputation for its expertise in managing a diverse fleet of vessels, primarily focusing on bulk carriers and tankers. The company was established in the mid-20th century and has grown to become a trusted name in shipping, known for its operational excellence and strategic fleet management. In 2020, Golden Union Shipping acquired the MV Crassier for around $16 million, demonstrating its acumen in capitalizing on market opportunities and enhancing its fleet at strategic times. The company’s business strategy often involves buying and selling vessels to balance its portfolio and respond to market demands effectively. Golden Union Shipping’s fleet management practices are a testament to its commitment to maintaining a modern and efficient fleet. This approach not only ensures compliance with global shipping regulations but also aligns with the industry’s evolving environmental standards. The company’s leadership under Theodore Veniamis emphasizes a proactive stance on industry issues, including environmental responsibility and maritime safety. With a history enriched by decades of maritime operations, Golden Union Shipping continues to play a critical role in the international shipping arena, navigating through market fluctuations and adapting to new challenges. This adaptability and forward-thinking governance have allowed Golden Union Shipping to maintain its status as a key player in the global shipping industry. 7-November-2024
The capesize ship market has seen a resurgence in activity, highlighted by Greek shipowner Nikolaos Veniamis engaging in sales with China. This move comes as shipowners anticipate growth in the Chinese economy, marking the first major transaction involving large bulk carriers in two weeks. Nikolaos Veniamis, who serves on the board of the Union of Greek Shipowners and directs Golden Union Shipping, has reportedly sold a 15-year-old, Japanese-built capesize vessel at prices near multi-year highs. This deal emerges alongside analyses suggesting a sustained interest in purchasing large bulk carriers by shipowners who are optimistic about China’s economic recovery. 3-February-2024
Two large cargo vessels endured substantial devastation following a collision within the Spanish harbor of Tarragona during the early afternoon of Saturday. A 75,500 DWT (deadweight tonnage) panamax bulk carrier, belonging to Theodore Veniamis-led Greek shipowner and operator Golden Union Shipping, collided with the moored 82,100 DWT (deadweight tonnage) kamsarmax bulk carrier MV Karpaty, owned by Polsteam, while maneuvering towards the berth with the assistance of tugboats. The Polish kamsarmax bulk carrier MV Karpaty, constructed in 2013, sustained considerable impairment on its port side. The bow of the Greek panamax MV Karpaty, built in 2010, also suffered severe harm, both on its side and deck. After a 14-day journey carrying wheat from Ukraine’s Chornomorsk port, the 2010-built MV Elena VE arrived at Tarragona. The precise cause of the collision remains unknown. 18-June-2023
Theodore Veniamis-led Greek shipowner and operator Golden Union Shipping has acquired 2010 built capesize bulk carrier 177K DWT MV King Ore for around $19 million. Previously, MV King Ore was committed to Zodiac Maritime, however the deal eventually collapsed. MV King Ore is scrubber-fitted and outfitted with a ballast water treatment system. In October 2020, Golden Union Shipping acquired 2000 built capesize bulk carrier 180K DWT MV Royal Accord. In February 2020, Golden Union Shipping acquired 2008 built capesize bulk carrier 180K DWT MV Imperial Fortune (ex MV Mineral Hokkaido) for around $17 million. 1-November-2020
Theodore Veniamis led Greek shipowner and operator Golden Union Shipping has acquired 2009 built panamax bulk carrier 76K DWT MV Gu Imabari (ex MV KM Imabari) from Japanese shipowner Shoei Kisen. MV Gu Imabari (ex MV KM Imabari) is the third bulk carrier acquisition of Golden Union Shipping in 2019. MV Gu Imabari (ex MV KM Imabari) has a market value of around $14 million. In November 2019, Golden Union Shipping acquired 2010 built post-panamax bulk carrier 92K DWT MV Ocean Garnet for around $13.7 million and 2012 built post-panamax bulk carrier 93K DWT MV Ocean Sapphire for around $14.9 million. In July 2019, Japanese shipyard Tadotsu Imabari delivered newbuilding 81K DWT MV Malena to Greek shipowner and operator Golden Union Shipping. 5-December-2019
Theodore Veniamis, the Greek shipowner and operator at the helm of Golden Union Shipping, is actively pursuing the acquisition of Noble Group’s post-panamax bulk carriers. The Greek owner is poised to benefit from the fleet wind-down of the Singaporean commodity trader. Golden Union Shipping, led by Theodore Veniamis, is now associated with the reported sale of two post-panamax dry bulk carriers from Hong Kong-based Noble Group, which is swiftly reducing its fleet. Among the vessels that Noble Group has put up for sale, the 92,500-dwt MV Ocean Garnet (built in 2010) and the 93,000-dwt MV Ocean Sapphire (built in 2012) are two debt-free ships that Golden Union Shipping has supposedly acquired. Reliable sources in London and Athens confirm that the Cosco Dalian-built pair has been secured by Golden Union Shipping. The MV Ocean Garnet is believed to have been purchased for $13.65 million, while the slightly newer Ocean Sapphire reportedly fetched $14.85 million. Golden Union Shipping, which currently operates around 45 dry bulk carriers, has been strategically expanding its fleet in the same size category. Theodore Veniamis made his last move in the sale-and-purchase market about a year ago when he acquired the 93,500-dwt MV Houyo (built in 2007). The vessel, now known as MV Flag Trias, has been trading with Golden Union since January. Additionally, in August, Golden Union Shipping took delivery of the MV Malena (built in 2019), an 81,600-dwt kamsarmax new building from Tadotsu Shipyard. Notably, other Greek companies have also been purchasing similar ships recently, including Polembros Shipping, which acquired two kamsarmax bulk carriers. Furthermore, Olympia Ocean Carriers believed to be controlled by the Mouskas family, has emerged as the new owner of the MV Mangarella (built in 2009), an 82,700-dwt vessel. The MV Mangarella was sold last month for approximately $15.5 million and is now trading as MV One Ocean. In contrast, Noble Group of Singapore has been consistently selling ships, having divested itself of around a dozen vessels in the past few years. Financial considerations have compelled the commodity trader to adopt an asset-light shipping policy. In December 2018, a new company was established from the remnants of the “Old Noble,” with most of the assets and business being transferred. Creditors now hold a 70% stake in the new entity, while the shareholders of the previous company retain 20%, and the management owns 10%. 15-November-2019
Piraeus-based shipowner and operator Golden Union Shipping acquired 2007 Japanese built post-panamax dry bulk carrier 93K DWT MV Flag Trias (ex MV Houyo) from Japanese shipowners for about $14.8 million. Theodore Veni¬amis led Greek shipowner and operator Golden Union Shipping keeps buying second-hand ships. In July 2017, Greek shipowner and operator Golden Union Shipping bought 2006 built capesize dry bulk carrier 180K DWT MV Imperial Frontier (ex MV Cape Frontier) for about $17.2 million. Golden Union Shipping sold 5 dry bulk carriers between 2017 and 2018 for significant profits. In July 2018, Theodore Veniamis led Greek shipowner and operator Golden Union Shipping sold two (2) 2016-built capesize dry bulk carriers to New York-listed Genco Shipping & Trading. Golden Union Shipping had bought them as resales at Hanjin Heavy Industries at a much lower price. Currently, Greek Golden Union Shipping has a fleet of 45 ships. 6-January-2019
London-based shipowner Anglo International Shipping Operations Ltd recently expanded its fleet by acquiring two mini capesize bulk carriers, the 2011-built MV Baroque and the 2010-built MV Bel Air, for a total price of $41 million. These vessels were purchased from the Athens-based shipowner and operator Golden Union Shipping Co SA and have been chartered back to the company led by Theodore Veniamis, Golden Union Shipping. Anglo International Shipping Operations Ltd first entered the shipping market in 2018 through the purchase of two 2013-built kamsarmax bulk carriers from Chinese shipyards. One of these ships is now actively trading under the name MV Anglo Barinthus. This strategic acquisition and subsequent charter-back arrangement highlight Anglo International’s proactive approach to fleet management and its commitment to fostering strong business relationships within the industry. Athens-based shipowner and operator Golden Union Shipping Co SA, under the leadership of Theodore Veniamis, is renowned for its significant presence in the global shipping industry, particularly in the dry bulk sector. The company operates a diverse and extensive fleet of vessels, capable of carrying a wide range of bulk commodities including minerals, coal, ores, and grains. Golden Union Shipping’s fleet is strategically deployed to serve the global demands of commodity transportation, ensuring efficient delivery and operational excellence. The Chartering Department of Golden Union Shipping Co SA plays a crucial role in the company’s success. This department is responsible for the commercial management of the fleet, securing profitable employment for the vessels through various chartering strategies. It handles all aspects of chartering from negotiating terms to managing contracts and maintaining strong relationships with charterers. The department is staffed with experienced professionals who possess a deep understanding of market dynamics and exhibit skills in navigating the complex international shipping markets. Golden Union Shipping’s chartering strategies are tailored to optimize fleet utilization and maximize revenue. The company focuses on long-term charters to provide stability in earnings, while also engaging in spot market opportunities to capitalize on favorable market conditions. This balanced approach allows Golden Union Shipping to remain flexible and responsive to market fluctuations, thus sustaining profitability. Athens-based shipowner and operator Golden Union Shipping Co SA’s strategic foresight in chartering operations is complemented by its commitment to maintaining a modern and efficient fleet. Golden Union Shipping regularly invests in fleet renewal and maintenance, ensuring that all vessels meet the highest standards of safety and environmental compliance. This commitment not only enhances Golden Union Shipping’s market competitiveness but also aligns with global regulatory requirements and sustainability goals. In addition to its operational strategies, Golden Union Shipping places a strong emphasis on relationships and reputation. The company has built a network of trusted partners and clients over the years, including leading commodity traders, industrial companies, and other maritime stakeholders. These relationships are underpinned by Golden Union’s reputation for reliability, performance, and customer-focused service. As part of its growth strategy, Golden Union Shipping continues to explore new markets and opportunities for expansion. The company is particularly focused on enhancing its capabilities in emerging markets, where increasing industrial activity promises greater demand for maritime transport services. Through strategic planning and a commitment to excellence, Golden Union Shipping aims to strengthen its position as a leader in the global shipping industry, adapting to changes and capitalizing on opportunities as they arise. Overall, the partnership and transactions between Anglo International Shipping Operations Ltd and Greek shipowner and operator Golden Union Shipping Co Sa, including the recent charter-back arrangements, reflect a mutual commitment to strategic growth and operational synergy in the complex and ever-evolving landscape of international maritime trade. 4-February-2018
Greek shipowner and operator Golden Union Shipping led by Theodore Veniamis bought 2006 Japanese built capesize dry bulk carrier 180K DWT M/V Cape Frontier for $17 million. Golden Union Shipping’s third bulk carrier purchase in 2017. Greek shipowner and operator Golden Union Shipping has 43 dry bulk carriers in oceans. 8-July-2017
Greek shipowners Theodore Veniamis and Petros Pappas have been added to the list of owners taking vessels out of circulation and laying up at the Elefsina Anchorage area. Golden Union Shipping has already placed two (2) panamax bulk carriers 75K DWT at Elefsina, M/V CIC Piraeus (built 2001), and M/V Elena Ve (built 2010). Furthermore, Golden Union Shipping has filed notice that the company will lay up another three (3) panamax bulk carriers. Pappas’ private company, Oceanbulk, has laid up its first vessel, the 53,800 DWT M/V Roadrunner (built 2008). 2-March-2016