Saga Shipholding

Norwegian open-hatch bulker owner and operator Saga Shipholding A/S has reported a net loss of $12 million for the 2019 fiscal year. NYK Line-controlled Saga Shipholding A/S has reported a revenue of $123 million for the 2019 fiscal year. Oslo-based Saga Shipholding A/S has positive cash flow from its operational activities for the 2019 fiscal year. However, Saga Shipholding A/S anticipates a worse statement for 2020 due to the coronavirus recession. Japanese shipowner NYK Line’s open-hatch bulkers are operated in the Saga Welco Pool. Furthermore, Westfal-Larsen’s shipping arm Masterbulk controlled 18 open-hatch bulkers are operated in the Saga Welco Pool. Currently, Saga Shipholding A/S operates a fleet of 35 open-hatch bulk carriers. 17-September-2020

 

Norwegian open-hatch bulker owner and operator Saga Shipholding A/S trims loss as revenue rises in 2018. NYK Line-controlled Saga Shipholding reported a pre-tax loss of $9.8 million in Q3 2018. Japanese shipowner NYK Line’s open-hatch bulkers are operated in the Saga Welco Pool. Saga Welco Pool has commercial management of all Saga Shipholding’s 34 open-hatch bulkers and Singapore-based Masterbulk’s 18 ships. Saga Welco Pool has been operating ships based on long-term contracts. Norwegian open-hatch bulker owner and operator Saga Shipholding has a fleet of 26 owned open-hatch bulkers and has 8 chartered-in tonnages. In the 2018 fiscal year, Saga Shipholding reported revenue of $118 million. In the 2017 fiscal year, Saga Shipholding reported revenue of $114 million. Norwegian open-hatch bulker owner and operator Saga Shipholding has been experiencing a weak bulk market. Saga Shipholding is wholly owned by the Tokyo-listed NYK Line and part of Norway’s Hesnes group. Besides Saga Shipholding, NYK Line has other significant investments in Norway. Tokyo-listed giant shipowner NYK Line is a partner of Knutsen NYK Offshore Tankers Norway and United European Car Carriers Norway. 30-January-2019