Oldendorff Carriers sold handysize

German shipowner and operator Oldendorff Carriers sold 2015 built handysize bulk carrier 38K DWT MV Vanessa Oldendorff to Nova Marine for about $17.5 million. Lubeck based Oldendorff Carriers has executed first deal of 2020 in the S&P (sale-and-purchase) market.

Henning Oldendorff led Oldendorff Carriers fetched a better price tag than market level of similar handysize bulk carriers. Values of handysize bulk carriers have been slowly declining. 2015 built handysize bulk carrier’s market value is around $16.7 million.

In October 2014, German shipowner and operator Oldendorff Carriers acquired MV Vanessa Oldendorff as a newbuilding in a resale deal with Agriculture & Energy Carriers (AEC) at Naikai Zosen’s Setoda Shipyard for about $26 million. 2015 built handysize bulk carrier 38K DWT MV Vanessa Oldendorff passed special survey in 2019.

In 2019, Oldendorff Carriers sold eight (8) secondhand bulk carriers in the S&P (sale-and-purchase) market.

Lately, German shipowner and operator Oldendorff Carriers has acquired three (3) post-panamax bulk carriers and one (1) kamsarmax bulk carrier.

German shipping giant Oldendorff Carriers operates around 700 owned and chartered bulk carriers.