Oldendorff Carriers

In January 2019, German bulker giant Oldendorff Carriers sold five (5) self-unloader bulk carriers and exit the pool. Oldendorff Carriers sold its stake in the CSL International Pool and its three (3) self-unloader bulk carriers trading in the system to Algoma Central. Furthermore, Oldendorff Carriers sold two (2) other self-unloader bulk carriers to a Chinese firm. Oldendorff Carriers sold three (3) self-unloader bulk carriers:

  • MV Alice Oldendorff (59K DWT – 2000 built)
  • MV Sophie Oldendorff (70K DWT – 2000 built)
  • MV Harmen Oldendorff (66K DWT – 2006 built)

Total $100 million is paid by Canada based Algoma Central. Algoma Central now control a 40% stake in CSL International Pool, which runs a fleet of 18 ships. Algoma Central President Ken Bloch Soerensen stated that the company has a strategic interest in increasing its participation in the CSL International Pool for some time. In 2018, CSL International Pool opened a new office in Fort Lauderdale. German bulker operator Oldendorff Carriers has a fleet of more than 70 ships on the water worth $2.76 billion. Oldendorff Carriers’ 31 newbuilding bulk carriers are worth almost $500 million. German bulker operator Oldendorff Carriers also sold two (2) self-unloader bulk carriers:

  • MV Bernhard Oldendorff  (78K DWT – 1991 built)
  • MV Caroline Oldendorff (78K DWT – 1990 built)

Chinese shipowner acquired two (2) self-unloader bulk carriers for land reclamation work in Hong Kong. After selling five (5) self-unloader bulk carriers, Oldendorff Carriers’ self-unloader bulk carriers dropped to 10 ships. Oldendorff Carriers also has two (2) newbuilding self-unloader bulk carriers on order in China. These newbuildings are attached to 25-year contract for NSPC2 in Vietnam where they will be used to unload coal from capesize bulk carriers. German bulker operator Oldendorff Carriers has been in the self-unloader market since 1991. Oldendorff Carriers was a founder member of CSL International Pool in 1993.