Singapore-based shipowner and operator SDTR Marine has agreed to sell the two chartered kamsarmax bulk carrier newbuildings that are owned by AVIC International Leasing. AVIC International Leasing sold 85K DWT kamsarmax bulk carrier newbuilding which is under construction at Shanhaiguan Shipbuilding for around $36 million. AVIC International Leasing sold 85K DWT kamsarmax bulk carrier newbuilding for around $8m profit. AVIC International Leasing sold kamsarmax bulk carrier newbuilding through Zhejiang Shipping Exchange’s online platform Shipbid. Shipowners try to get their hands on bulk carriers immediately to take advantage of the increasing dry bulk market. The current order book for panamax and kamsarmax bulk carrier is equivalent to only 6.6% of the world’s current trading fleet. This is the second kamsarmax bulk carrier newbuilding that AVIC International Leasing has sold in 2021. In 2017, Singapore-based shipowner and operator SDTR Marine agreed to charter ten (10) 85K DWT kamsarmax bulk carrier newbuildings from AVIC International Leasing. SDTR Marine has chartered the 85K DWT kamsarmax bulk carriers but has agreed on the sale of the two (2) kamsarmax bulk carriers as the price of kamsarmax bulk carriers skyrocketed. MV SDTR Irene is sold to Gia Shipping (Taizhou Jiahang Shipping). 5-September-2021
Singapore-based shipowner and operator SDTR Marine concentrates on just on kamsarmax bulk carriers. SDTR Marine tries to be a top-tier bulker player in the kamsarmax area. CEO Gao Dehui-led SDTR Marine craves to channel all the company’s energy into one type of bulk carrier. So, SDTR Marine can focus, specialize and give high-class service to customers. SDTR Marine has no plans to expand into other vessel classes. Singapore-based shipowner and operator SDTR Marine was founded in 2013 as a joint venture between Shandong Shipping and Transcenden Global. Currently, SDTR Marine owns 10 kamsarmax bulk carriers and SDTR Marine operates a fleet of around 50 kamsarmax bulk carriers. SDTR Marine charters in kamsarmax bulk carriers from the spot market. SDTR Marine’s shareholder Shandong Shipping is the third-largest shipping player in China. SDTR Marine started as a ship operator however, at the same time, SDTR Marine commenced acquiring bulk carriers through newbuildings. In 2014, SDTR Marine ordered ten (10) kamsarmax bulker carrier newbuildings at CSC Jinling Shipyard. Furthermore, Singapore-based shipowner and operator SDTR Marine bareboat chartered AVIC International Leasing’s ten (10) kamsarmax bulk carrier newbuildings. According to SDTR Marine, kamsarmax bulk carriers are flexible to trade. Supramax bulk carriers are flexible to trade however there are too many shipowners and operators in the supramax sector. Singapore-based shipowner and operator SDTR Marine intends to be a new type of shipowner that engages in the design of the ships. Most of SDTR Marine’s kamsarmax bulk carriers are chartered out for 3 to 8 years to giant charterers. Notwithstanding SDTR Marine’s concentrate on kamsarmax bulk carriers, SDTR Marine seldom gets involved in capesize and supramax bulk carriers. 2-December-2019
Singapore based shipowner and operator SDTR Marine has been preparing to order for up to 15 kamsarmax dry bulk carriers at Dalian Shipbuilding Industry Co (DSIC). Singapore based shipowner and operator SDTR Marine is a joint venture between Shandong Shipping and Transcenden Global. SDTR Marine is aiming for a major fleet expansion with wide-beam kamsarmax specifications. SDTR Marine requires the most advanced ship design in order to comply with IMO’s (International Maritime Organization) NOx/SOx requirements. Singapore based shipowner and operator SDTR Marine was established in 2013 by major shareholder Shandong Shipping. Currently, SDTR Marine has a fleet of 9 modern kamsarmax dry bulk carriers. Additionally, SDTR Marine 5 new building Tier II-compliant kamsarmax new building bulk carriers are under construction at Jinling Shipyard are due for delivery 2019. 3-February-2019
SDTR Shipping and AVIC International Leasing signed a deal for 10 eco-kamsarmax new buildings 85K DWT at Chinese Shipyard Dalian Shipbuilding Industry Co (DSIC). Singapore-based SDTR Shipping is a joint venture between Shandong Shipping and Transcenden Global. SDTR Shipping is aiming to double its fleet size depending on the dry bulk market. Singapore-based SDTR Shipping is not planning to install scrubbers instead they are planning the latest design in their new buildings to comply with IMO’s (International Maritime Organization) latest environmental requirements. 20-January-2019