Louis-Dreyfus Armateurs (LDA)

Diana Shipping Inc. (DSX), an esteemed Athens-based shipowning and operating firm, publicly traded on the New York Stock Exchange, has recently entered into a time charter agreement with Louis-Dreyfus Armateurs (LDA), a distinguished Paris-based shipping company known for its extensive history and expertise in maritime transport and services. This partnership involves the chartering of one of Diana Shipping’s ice-class Panamax bulk carriers, the MV Crystalia, a vessel with a deadweight of 77K DWT, constructed in 2014. Louis-Dreyfus Armateurs (LDA), acclaimed for its commitment to innovation and sustainability within the shipping industry, will charter the MV Crystalia at a daily rate of $13,900 for a period ranging between a minimum of 21 months and a maximum of 25 months, with operations set to commence in the second quarter of 2024. Louis-Dreyfus Armateurs (LDA) brings to this partnership a legacy of excellence in maritime logistics, specializing in the transportation of bulk and specialized cargo. With a fleet that emphasizes environmental stewardship through the adoption of advanced green technologies, Louis-Dreyfus Armateurs (LDA) is at the forefront of the industry’s shift towards more sustainable practices. This ethos aligns with Diana Shipping’s strategic goals of enhancing its fleet’s efficiency and reducing its environmental footprint, making this collaboration a significant milestone for both parties. Prior to securing this agreement with Louis-Dreyfus Armateurs (LDA), Diana Shipping’s MV Crystalia was engaged in a charter extension with Reachy Shipping, starting from September 6, 2023, through at least February 20, 2024, with an option to extend up to April 20, 2024. This reflects the vessel’s high demand and versatility in serving the diverse needs of the global shipping industry. Following the successful transactions involving the MV Houston and MV Artemis, Diana Shipping Inc. (DSX)’s fleet will consist of 38 dry bulk carriers, diversifying across four Newcastlemax, eight Capesize, five Post-Panamax, six Kamsarmax, six Panamax, and nine Ultramax vessels. Furthermore, Diana Shipping Inc. (DSX) looks forward to enhancing its fleet with the addition of two methanol dual-fuel Kamsarmax bulk carrier newbuilds by the end of the fourth quarter in 2027. This expansion and modernization underscore the company’s readiness to meet the evolving demands of maritime trade and its commitment to environmental sustainability. Currently, including the valuable assets of MV Houston and MV Artemis — except for the two awaiting vessels — Diana Shipping Inc. (DSX)’s fleet possesses a combined carrying capacity of approximately 4.5 million DWT, solidifying its position as a global powerhouse in the shipping industry. 5-March-2024


Airbus has shown support for Paris-based shipowner and operator Louis-Dreyfus Armateurs (LDA) in their project involving new roll-on/roll-off (ro-ro) ships, which will incorporate wind assistance for transporting aircraft components from France to the United States. Philippe Louis-Dreyfus-led Louis Dreyfus Co’s (LDC) subsidiary Louis-Dreyfus Armateurs (LDA) has secured a contract with China’s Wuchang Shipbuilding Industry Group for the construction of three new ro-ro vessels. These ships were ordered by Louis-Dreyfus Armateurs’ (LDA) subsidiary, LD Seaplane, as reported by Chinese news outlets. While the specific capacity of these new ro-ro ships has not been revealed, it is understood that they will be larger than the existing ro-ro ships in Louis-Dreyfus Armateurs’ (LDA) fleet. 3-January-2024


Wind propulsion is increasingly being recognized as a crucial element in the shipping industry’s decarbonization efforts. In a significant development, Paris-based Louis-Dreyfus Armateurs (LDA) has chosen its chartered juice carrier, the MT Atlantic Orchard, for the installation of four innovative suction sails. These sails are developed by the Spanish engineering firm bound4blue. The MT Atlantic Orchard, a tanker built in 2014 and owned by Sweden’s Wisby Tankers, is scheduled to be retrofitted with four eSAILs in 2024. This upgrade is expected to reduce the vessel’s annual fuel consumption and CO2 emissions by at least 10%. The eSAIL system, designed by bound4blue, employs a thick aerodynamic profile and intelligent suction mechanisms to significantly boost propulsive efficiency. According to bound4blue, these sails can generate seven times more lift than an airplane wing. The decision to adopt bound4blue’s suction sails for the MT Atlantic Orchard was based on a comprehensive third-party assessment by Lloyd’s Register (LR). LR’s study evaluated various solutions and identified bound4blue’s suction sails as the most promising option. Bound4blue asserts that its sails are versatile and can be fitted on a wide range of vessels, including tankers, bulk carriers, roros, gas carriers, general cargo ships, cruisers, and ferries, irrespective of their size or age. The retrofit project for the MT Atlantic Orchard is partly financed by the European Innovation Council (EIC) Acceleration Program. Earlier in the year, Louis-Dreyfus Armateurs (LDA), along with LNG containment system leader GTT and the European Commission, among others, participated in bound4blue’s $17 million Series A funding round. This investment made these entities shareholders in the firm, further cementing the commitment to sustainable innovations in maritime transportation. 20-December-2023


Paris-based shipowner and operator Louis-Dreyfus Armateurs (LDA) is diversifying into the realm of air transportation by investing in airships, specifically for the purpose of delivering freight to remote locations. Philippe Louis-Dreyfus-led Louis Dreyfus Co’s (LDC) subsidiary Louis-Dreyfus Armateurs (LDA) has established a partnership with Franco-Canadian company Flying Whales to bring this innovative air cargo solution to the market. The core of this service is the LCA60T airship, capable of carrying a payload of 60 tonnes. This airship stands out for its ability to operate in areas without road access, thanks to its hovering capabilities. It presents a particularly effective solution for transporting oversized cargoes, which are often challenging to move via traditional road or rail methods. For larger items, the LCA60T can carry cargoes beneath the craft using slings. Flying Whales is also advancing its technology with the development of an all-electric propulsion system. This system will utilize green hydrogen, potentially in the form of fuel cells or helium-injected turbines, aligning with the industry’s move towards sustainable energy sources. This collaboration aligns with Paris-based shipowner and operator Louis-Dreyfus Armateurs’ (LDA) goal of decarbonizing transport and logistics. The partnership aims to leverage Louis-Dreyfus Armateurs’ (LDA) expertise to offer an innovative solution for the unique challenges associated with transporting oversized cargoes, particularly addressing the difficulties faced in the initial and final stages of their journey. Originally, the LCA60T airship was designed by Flying Whales to support the extraction of renewable wood resources in areas that are difficult to access, showcasing its potential for diverse and challenging applications. 17-November-2023


Paris-based shipowner and operator Louis-Dreyfus Armateurs’ (LDA) has implemented measures to reduce shipping emissions while aiming for a 15% reduction in tonne-mile. Giant trader, Louis Dreyfus Co (LDC), has established a close collaboration with shipowners. The agricultural trading group, Philippe Louis-Dreyfus-led Louis Dreyfus Co (LDC), affirms that it has successfully decreased emissions generated by its shipping operations over the previous year, striving for a 15% reduction per tonne-mile. In its 2022 sustainability report, Louis Dreyfus Co (LDC) CEO Michael Gelchie emphasizes the Dreyfus’ commitment to meeting consumer expectations by making environmentally conscious and socioeconomically beneficial decisions that safeguard both people and the planet. Louis Dreyfus Co (LDC) CEO Michael Gelchie, highlighting the organization’s influential position, states, “We have the ability to shape our value chains in a positive and sustainable manner.” Michael Gelchie further mentions various initiatives, such as conducting trials with freight biofuels and enhancing supply chain traceability. These actions primarily focus on cultivating a more sustainable food and agricultural system to contribute towards global climate objectives. In August 2022, French shipowner and operator Louis-Dreyfus Armateurs (LDA) sold thirteen (13) handysize bulk carriers in an en-bloc deal valued at over $304 million to a joint venture between JP Morgan and MUR Shipping. Louis-Dreyfus Armateurs (LDA) supervisory board is chaired by Philippe Louis-Dreyfus. Louis Dreyfus Armateurs (LDA) is no longer a bulk carrier owner. 28-June-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


Paris-based shipowner and operator Louis-Dreyfus Armateurs’ (LDA) trading arm Louis Dreyfus Co, one of the largest commodity traders globally, declared that it will no longer participate in the trade of grains in Russia. Louis Dreyfus Co’s decision follows similar actions taken by two other commodity traders, Cargill and Viterra, backed by Glencore, just days ago. Louis Dreyfus Co, Cargill and Viterra’s withdrawals will become effective in July 2023. Louis Dreyfus Co stated that it is halting its involvement in the Russian grains trade due to the heightened challenges involved in exporting grains from Russia. Viterra explained that its decision to cease activities in the Russian grains trade was due to the fact that such operations were no longer aligned with the long-term strategy of the company. Louis Dreyfus Co and Viterra both stated that they are evaluating possibilities to transfer their current businesses and grain assets in Russia. Louis Dreyfus has stated that it will operate its activities in Russia in compliance with all relevant laws and regulations until the transfer of its existing business and grain assets to new owners is finalized. It is currently uncertain how the withdrawal of Louis Dreyfus Co, Cargill, and Viterra from the Russian grains trade will impact the volume of Russian grain exports. It appears that western commodity traders may conduct their business in Russia through local intermediaries on a spot basis, following the recent withdrawal of Louis Dreyfus Co, Cargill, and Viterra from the Russian grains trade. If there are radical and large-scale measures taken to withdraw Russian grain from world markets, it could lead to a global food crisis. Russia recently agreed to a 60-day extension of the corridor for Ukrainian grain exports, but only on the condition that Russian grain exports are allowed as well. Russia has warned that any attempt to disrupt Russian grain exports would result in a blockage of Ukrainian exports as well. Louis Dreyfus Co, Viterra, and Cargill are looking to distance themselves from direct involvement with Russia. 5-April-2023


Paris-based shipowner and operator Louis-Dreyfus Armateurs (LDA) sold the entire bulk carrier fleet to a joint venture between JP Morgan and MUR Shipping. Louis-Dreyfus Armateurs (LDA) was concentrating on the handysize dry bulk sector. French shipowner and operator Louis-Dreyfus Armateurs (LDA) sold thirteen (13) handysize bulk carriers in an en-bloc deal valued at over $304 million to a joint venture between JP Morgan and MUR Shipping. Louis-Dreyfus Armateurs (LDA) supervisory board is chaired by Philippe Louis-Dreyfus. Louis Dreyfus Armateurs (LDA) is no longer a bulk carrier owner. Over $304 million deal includes thirteen (13) handysize bulk carriers, which was first reported by Le Marin in France and confirmed by Paris-based shipowner and operator Louis-Dreyfus Armateurs (LDA) in a report on Friday. 12-August-2022


The International Maritime Organization’s (IMO) recent decision not to adopt mandatory slow-steaming measures has been perceived as a setback by some in the maritime industry, particularly by Paris-based shipowner and operator Louis-Dreyfus Armateurs (LDA). Philippe Louis-Dreyfus, chairing the Louis-Dreyfus Armateurs (LDA) supervisory board, expressed his disappointment but was not surprised at the decision made in London, which opted for “goal-based” decarbonization strategies instead of mandatory enforcement. Philippe Louis-Dreyfus described this development as a minor loss in a larger battle, indicating his belief that the idea of mandatory slow-steaming would resurface. He sees this outcome as more favorable to charterers than to shipping companies, suggesting that other solutions might be too complex or expensive. Paris-based shipowner and operator Louis-Dreyfus Armateurs (LDA) still considers mandatory slow-steaming or ship power reductions as the most probable long-term solution, viewing them as simpler and more feasible. On the other hand, the International Maritime Organization’s (IMO) working group on greenhouse gas (GHG) emissions, in its latest session, decided to adopt a goal-setting approach for the short-term reduction of shipping’s carbon emissions. This strategy is expected to encompass both technical and operational aspects, which will be further detailed in the next meeting of the International Maritime Organization (IMO) working group, scheduled to start on March 23. The UK Chamber of Shipping reported that the meeting concluded a mandatory goal-based approach would allow for more flexibility in emission reduction and encourage innovation within the industry. This perspective suggests a more holistic and versatile approach to tackling maritime carbon emissions, possibly integrating various methods and technologies rather than relying solely on slow steaming. 17-November-2019


Louis-Dreyfus Armateurs (LDA), a French shipowner and operator, is actively advocating for measures to reduce the maritime industry’s environmental impact. Based in Paris, LDA is urging the International Maritime Organization (IMO) to legislate slow steaming as a method to cut down emissions. LDA believes that with the shipping industry ready to take significant steps towards sustainability, the International Maritime Organization (IMO) must move in this direction. Louis-Dreyfus Armateurs’ (LDA) stance is in line with the growing attention from the European Commission and various governments on environmental issues related to shipping. Philippe Louis-Dreyfus, the chairman of Louis-Dreyfus Armateurs (LDA), has been a prominent supporter of these measures, echoing sentiments shared by the French government. In a recent development, BIMCO (Baltic and International Maritime Council), a shipowners association, submitted a proposal to the International Maritime Organization (IMO) suggesting the enforcement of ship engine-power limits. This proposal supports the decarbonization efforts initiated by slow-steaming practices. Louis-Dreyfus Armateurs (LDA) acknowledges that reducing speed or power in shipping is just one aspect of a larger journey toward decarbonizing maritime activities. However, the company emphasizes the importance of this step as a demonstration of the industry’s commitment to reducing its environmental footprint and being a leader in addressing critical ecological issues. By advocating for these changes, Louis-Dreyfus Armateurs (LDA) positions itself as a proactive and environmentally conscious player in the global shipping industry. 7-October-2019


Louis Dreyfus Armateurs (LDA), a prominent French shipowner and operator, is taking significant strides towards increasing its use of wind power in an effort to reduce emissions. Paris-based shipowner and operator Louis-Dreyfus Armateurs (LDA) which owns, charters, and operates over 100 ships globally, has been collaborating with its client Airbus to find effective ways to cut down emissions. One notable initiative is the integration of the Airseas kite system. Following positive results from testing, Louis-Dreyfus Armateurs (LDA) has decided to permanently install this system on the 21,500-gt roll-on/roll-off (ro-ro) cargo ship MV Ville de Bordeaux, starting from 2020. This vessel is primarily used for transporting Airbus parts around Europe. Earlier this year, Louis-Dreyfus Armateurs (LDA) also began designing a large transoceanic ro-ro vessel fully integrated with wind-assisted propulsion technology. This project underscores Louis-Dreyfus Armateurs’ (LDA) commitment to innovative solutions in maritime transport and its ongoing efforts to develop this area further. In addition to these initiatives, Louis-Dreyfus Armateurs (LDA) has joined the International Windship Association (IWSA), a not-for-profit organization with over 100 members dedicated to the development of wind propulsion technologies in shipping. Edouard Louis-Dreyfus, the president of Louis-Dreyfus Armateurs (LDA), expressed excitement about the development of wind solutions, viewing them as a crucial response to the challenges of decarbonization facing the shipping industry today. He believes that Louis-Dreyfus Armateurs’ (LDA) involvement with the International Windship Association (IWSA) is a natural progression of their commitment to promoting sustainable maritime practices. Moreover, LDA has been an active advocate for mandatory slow-steaming at the International Maritime Organization (IMO), further demonstrating their dedication to environmental sustainability in the shipping sector. These actions by French shipowner and operator Louis-Dreyfus Armateurs (LDA) illustrate a clear commitment to leading the charge in reducing emissions and promoting greener practices in the maritime industry. 5-July-2019


French shipowner and operator Louis-Dreyfus Armateurs (LDA) is exiting the capesize dry bulk spot market. Louis-Dreyfus Armateurs (LDA) demonstrated that capesize dry bulk spot market is extremely volatile and presently dominated by prominent mining groups. According Louis-Dreyfus Armateurs (LDA), capesize dry bulk spot market is not controlled by shipowners any longer. Capesize dry bulk spot market is dominated by gigantic mining groups. Louis-Dreyfus Armateurs (LDA) is withdrawing out of capesize spot market in order not to risk its operations with the bigger vessels. French shipowner and operator Louis-Dreyfus Armateurs (LDA) is endeavoring to concentrate on handysize dry bulk sector. Louis-Dreyfus Armateurs (LDA) has opened a new office in Singapore for the chartering department. French shipowner and operator Louis-Dreyfus Armateurs (LDA) supervisory board is chaired by Philippe Louis-Dreyfus. Louis-Dreyfus Armateurs (LDA) has been restructured into three divisions: bulkers, ports and offshore. However, the dry bulk segment has been representing half of the business of Louis-Dreyfus Armateurs (LDA). 12-April-2018


Louis-Dreyfus Armateurs (LDA) chartered out 2014 built capesize 179K DWT MV Simon LD to Castleton Commodities for $19,850 per day for a year. 14-February-2018


Louis Dreyfus & Cie chartered in 2010 built capesize dry bulk carrier 178K DWT M/V Great Yuan from Chinese Sinotrans Shipping for 1 year at $15,500 per day. In 2014, Chinese shipowner and operator Sinotrans Shipping bought M/V Great Yuan for $49 million. 7-May-2017