Spar Shipping

Norwegian shipowner and operator Spar Shipping has reported a pre-tax profit of $6.5 million for 2019. Spar Shipping’s profits squeeze due to trade wars and coronavirus recession. Spar Shipping has reported revenue of $79 million for 2019. Bergen-based shipowner and operator Spar Shipping is controlled by Tom Eide Knudsen and Iwan Knudsen. Initially, Spar Shipping was established to be a pure tonnage provider to FCC (First Class Charterers). Nevertheless, recently Spar Shipping has established an in-house chartering department. Spar Shipping has refinanced revolving credits and the company has a positive outlook. Currently, Spar Shipping has a fleet of 24 supramax and ultramax bulk carriers. 7-June-2020


Norwegian shipowner Spar Shipping hit hard by the collapse of the dry bulk market. Norwegian shipowner Spar Shipping after agreeing a refinancing deal with its banks awaits newbuilding dry bulk carriers. Norwegian shipowner Spar Shipping has 6 supramax new buildings in China. Dag Magne Vedvik led Norwegian shipowner Spar Shipping slumped to a pre-tax loss of $117 million in 2015. 25-August-2016


Norwegian shipowner Spar Shipping sold panamax bulk carrier M/V Spar Neptun 70K DWT for demolition to Indian Scrapyard for $290 per ldt (Lightweight Displacement Tonnage) which is around $2.7 million. M/V Spar Neptun was operated Klaveness ship management’s Baumarine pool. MV Spartan Neptune ex MV Apollon and MV Alianthos were bought in 2004 by Spar Shipping for $65 million. 28-April-2016