Omicron Ship Management

Omicron Ship Management, headquartered in Athens, has successfully completed the acquisition of the 2008-built panamax bulk carrier, MV Atlas B, from the Monaco-based Transocean Maritime Agencies. The purchase price for this vessel, constructed by Imabari Shipyard, was $12.2 million. This figure stands $1 million below the $13.2 million valuation given by VesselsValue, yet the sale still enabled Transocean Maritime Agencies to realize a profit of $2.6 million, considering their initial investment of about $9.6 million in 2016. Under the leadership of Dinos Economou, Omicron Ship Management has thus expanded its fleet to include five panamax bulk carriers, all originating from Japanese shipyards, which signifies a strategic enhancement of its operational capabilities. 17-March-2019

 

Greek shipowner and operator Omicron Ship Management is going to fully concentrate on the panamax dry bulk segment. Greek shipowner and operator Omicron Ship Management sold its last handy bulk carrier and acquired 2005 built panamax dry bulk carrier 76K DWT MV Dr Bravo (ex MV Alessandro Volta) from Korean shipowner and operator Doriko Ltd for around $12 million. In April 2018, Greek shipowner and operator Omicron Ship Management sold 2001 built handy bulk carrier 28K DWT MV Omicron Way (ex MV Hibernia) for around $5 million. Currently, Greek shipowner and operator Omicron Ship Management has a fleet of 5 panamax dry bulk carriers built between 2001-2006. In March 2017, Korean shipowner and operator Doriko Ltd acquired MV Dr Bravo (ex MV Alessandro Volta) for around $9 million. 3-July-2018

 

The discreetly operated South Korean shipowning and managing company Doriko has successfully negotiated the sale of the 2005-built panamax bulker, MV DR Bravo, for $12.5 million. This vessel, a 76K panamax bulk carrier constructed in Japan and scheduled for dry-docking in July, has been purchased by the Greek shipping firm, Omicron Ship Management. Doriko initially acquired the MV DR Bravo (formerly known as MV Alessandro Volta) in March 2017 from Fuyo Kaiun for a sum of $9.9 million. At the time of purchase, the price was considered robust, yet in hindsight, the transaction has proven to be a lucrative deal for the South Korean shipowner and operator, yielding a profit of $2.6 million. 9-April-2018

 

Greek dry bulk shipowner and operator Omicron Ship Management is exiting the handysize dry bulk segment with the sale of 2001 built 28K DWT MV Omicron Way (ex MV Hibernia) to Chinese shipowners for around $5.1 million. MV Omicron Way (ex MV Hibernia) is not due for special survey until April 2021. In 2013, Greek dry bulk shipowner and operator Omicron Ship Management bought MV Omicron Way (ex MV Hibernia) from German investment company Salamon AG for around $7 million. Currently, Athens-based Omicron Ship Management has a fleet of 4 dry bulk panamax carriers. In January 2017, Dinos Economou-led Omicron Ship Management bought panamax dry bulk carrier 76K DWT MV Omicron Light (ex Medi Venezia) from Italian shipowner and operator d’Amico for around $8 million. In August 2015, Omicron Ship Management bought 2006 built panamax dry bulk carrier 77K DWT MV Omicron Sky (ex MV Rondeau) from Japanese shipowner for around $14 million. 5-April-2018

 

Greek shipowner and operator Omicron Ship Management bought the Italian d’Amico-controlled 2005 Japanese built 76K DWT MV Omicron Light (ex Medi Venezia) for around $8 million. In January 2016, Omicron Ship Management sold 2001 Japanese built supramax dry bulk carrier 51K DWT MV Omicron Pride for around $5 million. Currently, Omicron Ship Management left with a fleet of 5 dry bulk carriers. Greek shipowner and operator Omicron Ship Management has been renewing up its fleet since 2013. 27-January-2017

 

Omicron Ship Management, located in Kallithea, is set to increase its fleet size to six vessels. The company has been identified as the purchaser of the 2005-built MV Medi Venezia. Omicron Ship Management has confirmed that the MV Medi Venezia is slated for acquisition, although a representative from the Italian shipping conglomerate clarified that the reported sale price of $7.5 million is inaccurate. Nonetheless, the current market valuation of the MV Medi Venezia stands at $7.5 million, with the transaction expected to be finalized shortly. Presently, Omicron Ship Management, a Greek shipping entity, operates a fleet of five mid-aged bulk carriers, with capacities ranging from 28K DWT to 77K DWT. In addition to acquiring the panamax bulk carrier, Omicron Ship Management has also divested the 15-year-old, 2001-built handymax bulk carrier MV Omicron Pride, selling it to undisclosed buyers in Asia for $5.3 million, as part of its ongoing fleet management and optimization strategy. 22-January-2017

 

Oldendorff Carriers, headquartered in Germany, has revitalized its fleet by securing timecharters for two panamax bulk carriers, each set for durations of six and seven months and at rates surpassing those of their predecessors. The MV Navios Amitie, a 75K dwt vessel constructed in 2005 and under the ownership of Navios Maritime, has been leased to Oldendorff Carriers for a six-month period at a daily rate of $7,500. Concurrently, Kuang Ming Shipping has agreed to charter its 81K dwt kamsarmax bulk carrier, the MV KM Mt Jade, built in 2008, to Oldendorff Carriers for a seven-month term at $8,000 per day. These new arrangements mark a rate increase from the $6,750 daily rate Oldendorff was paying for the MV Maritsa, a 76,000 dwt panamax bulk carrier built in 2005 by Safe Bulkers, which has just completed its five-month charter. Moreover, the MV Omicron Nikos, another panamax bulk carrier with a 75K dwt, built in 2003 and owned by Greece’s Omicron Ship Management, concluded its four-month timecharter with Oldendorff on June 8, with the carrier initially paying $5,150 daily, followed by $7,150 for the remainder of the charter. 8-July-2015