Tomini Shipping

UAE based shipowner and operator Tomini Shipping has canceled the kamsarmax new-building contracts at Taizhou Kouan Shipbuilding due to delays. At the beginning of 2020, Tomini Shipping canceled the contract for the first ship, MV Tomini Nobility. Nevertheless, Tomini Shipping later renegotiated a new price and took delivery of MV Tomini Nobility in September 2020. Therefore, Tomini Shipping might end up taking the delivery of the third kamsarmax bulk carrier in the series. In 2017, Tomini Shipping three (3) kamsarmax bulk carriers at the Taizhou Kouan Shipbuilding for around $24 million each. In the summer of 2019, Taizhou Kouan Shipbuilding had run into acute cash-flow problems. In September 2020, UAE based shipowner and operator Tomini Shipping acquired 2016 built ultramax bulk carrier 60K DWT MV Tomini Integrity (ex MV Bulk Aries) for around $19 million from Singapore-based Asa Capital. Nitin Mehta led Tomini Shipping to have confidence in the long-term outlooks for the dry bulk market. Tomini Shipping has been committed to expanding fleet. Currently, Tomini Shipping owns and operates 16 bulk carriers. 25-September-2020

 

UAE based shipowner and operator Tomini Shipping could not take delivery of a kamsarmax bulk carrier from cash-strapped Taizhou Kouan Shipbuilding. In 2017, Tomini Shipping ordered kamsarmax bulk carrier 82K DWT MV Tomini Nobility for $24 million to be delivered in Q1 2020. However, the Chinese private shipyard could not deliver the kamsarmax bulk carrier due to the coronavirus pandemic and cash-flow obstacles that have delayed construction at the shipyard. In 2017, Tomini Shipping ordered three (3) kamsarmax bulk carriers. But unfortunately, the other two (2) kamsarmax bulk carriers will not be completed on time. Tomini Shipping might renegotiate the price tag of kamsarmax bulk carriers with Taizhou Kouan Shipbuilding. Including Tomini Shipping’s kamsarmax bulk carriers, the Chinese shipyard has an order backlog of 15 new-buildings. 3-June-2020

 

UAE based shipowner and operator Tomini Shipping convinced crew members of 2017 built ultramax bulk carrier 64K DWT MV Tomini Destiny to discharge cargo in Bangladesh. A few days ago, MV Tomini Destiny’s crew members refused to discharge cargo in Bangladesh due to coronavirus contagion. MV Tomini Destiny’s 22 crew members feared that dockers would come on board of the ship during operations. According to Tomini Shipping, essential interest has been the health and safety of MV Tomini Destiny’s crew. Tomini Shipping took all necessary precautions for the health and safety of MV Tomini Destiny’s crew. Ultimately, Tomini Shipping arrived at a settlement with all the concerns of the crew members who have been stressed out because of the coronavirus pandemic. MV Tomini Destiny commenced cargo discharging operations after taking necessary precautions with appropriate maritime authorities. United Kingdom charity Human Rights at Sea expressed that the captain of MV Tomini Destiny had efficiently restricted exposure of the crew members to potential coronavirus infection by setting up razor wire to prevent access to MV Tomini Destiny and a limited number of stevedores are permitted to serve. The captain of MV Tomini Destiny had exercised the International Safety Management Code and applicable Safety Management System. On the other hand, other ships at Bangladesh ports continued day-to-day operations. The coronavirus pandemic is progressively emphasizing new business risks and competing interests between commercial contracts and the health, safety of the crew. MV Tomini Destiny’s experienced captain invoked Master’s Authority in the best interests of MV Tomini Destiny’s crew. 9-April-2020