Fujairah-based Oceanic Ship Management bought 1998 Japanese built panamax dry bulk carrier 77K DWT MV Gloria (ex MV Glory Pegasus). Fujairah-based Oceanic Ship Management has been building up a midsize dry bulk fleet of veteran Japanese built ships.
Singapore-based Combined Mining & Shipping is the owner of the fleet while the technical manager is Oceanic Ship Management. Oceanic Ship Management’s fleet is used to ship aggregates between Kuwait and the Fujairah stone crusher of Combined Mining & Shipping. Oceanic Ship Management is still may be interested in buying similar dry bulk carriers. MV Gloria (ex MV Glory Pegasus) was bought from Greek Erasmus Shipinvest for around $8 million in November 2017.
In April 2017, Oceanic Ship Management bought 1998 Japanese built panamax dry bulk carrier MV Carina (ex MV Corona Dynamic) for around $6 million from K Line (Kawasaki Kisen Kaisha). In July 2017, Oceanic Ship Management bought 1999 built panamax dry bulk carrier 75K DWT MV Perlita (ex MV Qatar Pearl) for around $6 million from Greek AM Nomikos.