Transmed Shipping Ltd

Transmed Maritime Ltd, based in Athens, has recently completed the sale of a capesize bulk carrier, the 2023 built 182K DWT MV Capt Tasos, to Copenhagen-based shipowner and operator Dampskibsselskabet DS Norden A/S. This acquisition marks a significant addition to Dampskibsselskabet DS Norden A/S’s expanding dry bulk portfolio. Led by Jan Rindbo, shipowner and operator Dampskibsselskabet DS Norden A/S has invested over $70 million in purchasing the MV Capt Tasos from Transmed Shipping Ltd. MV Capt Tasos, which was delivered from Japan’s Namura shipyard in October, signifies Dampskibsselskabet DS Norden A/S’s growing commitment to the capesize segment. The MV Capt Tasos is Dampskibsselskabet DS Norden A/S’s fifth capesize bulk carrier since the company first entered this market segment in March 2023 with the acquisition of four ships built between 2011 and 2012. Despite reducing its owned dry cargo fleet significantly in 2022, Dampskibsselskabet DS Norden A/S held seven bulkers by the end of the year. Dampskibsselskabet DS Norden A/S is set to see the 2015-built kamsarmax MV Nord Beluga exit its fleet. However, Dampskibsselskabet DS Norden A/S is actively increasing its presence in the dry bulk sector. In June 2023, the company ordered six ultramax bulk carriers from Dalian COSCO KHI Ship Engineering (DACKS), with deliveries scheduled over the next two to three years. These strategic moves by Dampskibsselskabet DS Norden A/S reflect a deliberate effort to bolster and diversify its dry bulk shipping capabilities, positioning the company to take advantage of market opportunities in this sector. 10-January-2024

 

Athens-based shipowner and operator Transmed Maritime Ltd sold the 2023 built capesize bulk carrier 182K DWT MV Agis for around $67.5 million. ArcelorMittal Shipping has been identified as the purchaser of the newly delivered capesize bulk carrier, MV Agis. ArcelorMittal Shipping is reported to have engaged in a $67.5 million resale transaction with Greece-based Transmed Maritime Ltd. 2023 built capesize bulk carrier 182K DWT MV Agis was constructed by Namura Shipbuilding and officially named on 13 September 2023. It is the first in a series of three capesize bulk carriers commissioned for Transmed Maritime Ltd at the Japanese shipyard. ArcelorMittal Shipping, traditionally known for acquiring post-panamax bulk carriers, has expanded its fleet with three capesize bulk carriersthis year. The other two additions are the 2016-built scrubber-equipped MV Chow and MV Comanche, previously owned by Sinokor. 19-November-2023

 

Amidst a period of exceptional strength in VLCC (Very Large Crude Carrier) rates over the past month, there’s been a noticeable uptick in the demand for secondhand vessels. This surge is partly driven by the need for storage units, as the Saudi Arabian oil surplus reshapes the industry. Just ten days ago, Greek shipowner Charalampos Mylonas and his company, Transmed Shipping Ltd, were reported as the purchasers of the 2004-built VLCC (Very Large Crude Carrier), MT Mediterranean Glory. Constructed by Hyundai Samho, this crude tanker was acquired from Sinokor for around $31.5 million. This week, rumors indicate that Transmed Shipping Ltd is finalizing another acquisition. Athens based shipowner and operator Transmed Shipping Ltd is said to be purchasing the 302K DWT MT Yugawasan, a Mitsubishi-built vessel, for approximately $33 million. The delivery of this 15-year-old tanker, currently owned by Japanese firm NS United Kaiun Kaisha, to Transmed Shipping Ltd is expected next month. This latest purchase marks Transmed Shipping Ltd’s third VLCC (Very Large Crude Carrier) acquisition since last summer, expanding its presence in this sector to a total of five ships, all within a similar age range. This rapid growth signifies Transmed Shipping Ltd’s increasing commitment to the VLCC segment. 1-April-2020

 

Hong Kong-based commodity trading firm Noble Group has recently completed another transaction with Athens-based shipowner and operator Transmed Shipping Ltd, this time involving the sale of the 2014-built kamsarmax bulk carrier, MV Ocean Ambition, for approximately $23.4 million. Noble Group intends to re-charter the MV Ocean Ambition, opting to sell the vessel due to currently favorable market conditions. The sale price achieved is $700,000 higher than the book value of the MV Ocean Ambition and exceeds the average market valuation by over $400,000. This sale is part of Noble Group’s ongoing financial restructuring process. The MV Ocean Ambition is the third kamsarmax vessel Noble Group has sold to Athens-based Transmed Maritime Ltd in recent months. Additionally, Noble Group completed the sale of another kamsarmax to Primrose Shipping in March. The finalization of the MV Ocean Ambition transaction is anticipated within the next two months. This series of sales reflects Noble Group’s strategic adjustments in response to market dynamics and its broader restructuring efforts. 23-June-2018

 

The Hong Kong-based commodity trading company, Noble Group, has recently finalized a deal with Greek shipping company Transmed Shipping Ltd for the sale of the 2015-built kamsarmax bulk carrier, MV Ocean Forte. The vessel, which has a deadweight tonnage of 81,615, was sold for $23.79 million. Noble Group announced that this transaction would result in a net profit of $300,000 for the company. As part of its ongoing restructuring efforts, Noble Group has been actively divesting its kamsarmax bulk carrier fleet since November of the previous year. This strategy included the sale of the 2015-built kamsarmax bulker MV Ocean Vision to Athens-based shipowner and operator Transmed Maritime Ltd in April, and the MV Ocean Integrity to Primrose Shipping in March. In a related development, Goldilocks Investment, the third-largest shareholder in Noble Group, initiated two additional lawsuits against the company in April. These legal actions were aimed at halting Noble Group’s restructuring support agreement, indicating ongoing complexities in the company’s restructuring process. 13-June-2018

 

Athens-based shipowner and operator Transmed Shipping Ltd acquired a second kamsarmax dry bulk carrier from Noble Group. Transmed Shipping Ltd bought 2015 built kamsarmax dry bulk carrier  81K DWT MV Ocean Forte for around $24 million. Singapore-based Noble Group will book a profit of $300,000. In 2018, commodity trader Noble Group sold 3 kamsarmax dry bulk carriers. In March 2018, Transmed Shipping Ltd bought 2015 built kamsarmax dry bulk carrier 81K DWT MV Ocean Vision for $24 million from Noble Group. Noble Group will have a fleet of 15 owned bulk carriers. 17-June-2018

 

Hong Kong’s Noble Group has struck a deal with Greek shipping firm Transmed Shipping Ltd for the sale of its 2015-built kamsarmax bulker 81K DWT MV Ocean Vision. MV Ocean Vision was sold for approximately $24 million to Athens-based shipowner and operator Transmed Maritime Ltd. This sale price is in line with what Noble Group received last month for the MV Ocean Vision’s sister ship, the MV Ocean Integrity. Noble Group has been actively seeking to divest its fleet of kamsarmax bulk carriers since November of the previous year. Initially, Noble Group had an agreement in place to sell all four of its kamsarmax bulk carriers for a total of $95 million to an undisclosed buyer. However, after this deal fell through, Noble Group has been able to secure better individual sale prices for each ship. This strategy has proved more beneficial in the unfolding of their asset liquidation plan. 1-June-2018

 

Greek shipowner and operator Transmed Shipping Ltd acquired 2015 built kamsarmax dry bulk carrier 81K DWT MV Ocean Vision from Singapore-listed Noble Group for $23.8 million. Singapore-listed Noble Group is in the midst of debt restructuring. Noble Group explained that company would secure $8.2 million in cash from the deal after the repayment of debt. It is the second dry bulk carrier sale to Greek shipowner and operator Transmed Shipping Ltd by Noble Group. Previously, Noble Group sold 2015 kamsarmax dry bulk carrier 82K DWT MV Ocean Integrity to Primerose Shipping. MV Ocean Vision and MV Ocean Integrity were part of a wider 4 dry bulk carriers that Noble Group tried to sell at the end of 2017 but the transaction failed. Greek shipowner and operator Transmed Shipping Ltd is led by Charalambos Mylonas. Greek shipowner and operator Transmed Shipping Ltd has a fleet of 24 dry bulk carriers with an average age of 5 years. Greek shipowner and operator Transmed Shipping Ltd has 2 new-buildings on order. 29-March-2018

 

The MV Clia, a bulk carrier owned by Greek company Transmed Shipping Ltd, has been successfully refloated this morning after running aground near Kaohsiung earlier this week. 92K DWT post-panamax bulk carrier MV Clia encountered trouble while delivering over 80,000 tons of coal to the Hsinta power plant in Taiwan. An initial effort to refloat the post-panamax bulk carrier MV Clia on Tuesday was unsuccessful. Subsequently, a comprehensive examination of the ship’s condition was conducted by the Athens-based shipowner and operator Transmed Maritime Ltd and the maritime authorities in Taiwan. Based on this assessment, a salvage operation was planned and executed, involving seven tugboats. This coordinated effort resulted in the successful refloating of the vessel. Athens-based shipowner and operator Transmed Maritime Ltd controlled post-panamax bulk carrier MV Clia is now anchored at the terminal of the Hsinta power plant, following its recovery from the grounding incident. 17-August-2017

 

The MV Clia, a post-panamax bulk carrier controlled by Athens-based Transmed Maritime Ltd, ran aground near Kaohsiung, Taiwan. The incident occurred late on Monday while the post-panamax bulk carrier MV Clia was transporting over 80,000 tons of coal to Taiwan Power’s Hsinta power plant. Despite efforts by Greece’s Transmed Shipping Ltd to refloat the MV Clia using tugboats yesterday, these attempts were unsuccessful. Following the grounding, Taiwan’s Maritime Port Bureau conducted an inspection of the stranded MV Clia and found no breaches in the hull or oil leaks. Fortunately, there were no casualties or injuries reported from the incident. Local maritime specialists have advised that salvage operations should commence promptly, particularly with the impending typhoon season, which could pose a significant risk to the MV Clia. A spokesperson from Taiwan Power has confirmed that all parties involved are actively working on developing salvage plans for the MV Clia. 15-August-2017

 

Greek shipowner and operator Transmed Shipping Ltd agreed to buy 3 kamsarmax dry bulk carriers 2013 built M/V Mangan Trader I, M/V Mangan Trader II, and M/V Mangan Trader III for $16.75 million each. Athens and Cyprus based Transmed Shipping Ltd bought 3 kamsarmax dry bulk carriers from Japanese shipowner Nisshin Shipping. 21-November-2016

 

Nisshin Shipping, a Japanese shipping company, is continuing its significant reduction in fleet size at a rapid pace. After recently advertising three of its kamsarmax bulk carriers for sale, Nisshin Shipping has successfully completed a deal with Transmed Maritime Ltd, an Athens-based shipowner and operator, to sell all three kamsarmax bulk carriers in a single transaction. Shipbrokers have reported that the trio of sister ships – MV Mangan Trader I, MV Mangan Trader II, and MV Mangan Trader III – were each sold for $16.75 million. These vessels, all constructed in 2013 at Hyundai Samho, are part of Japanese shipowner Nisshin Shipping’s substantial reduction of its dry bulk fleet. This latest sale contributes to Japanese shipowner Nisshin Shipping’s position as one of the top five sellers in the dry bulk tonnage market this year. 19-November-2016

 

Shipbrokers are indicating that Transmed Maritime Ltd, an Athens-based shipowner and operator, is the likely buyer of the MV Barock, a nine-year-old post-panamax bulk carrier previously owned by Kambara Kisen. The deal for the Tsuneishi-built MV Barock is reportedly around $10.9 million. This purchase is set to expand the Transmed Maritime Ltd fleet to a total of 20 ships. Over the past six months, the company has been actively seeking Japanese-built vessels, with shipbrokers noting that it has nearly finalized deals for additional ships during this period. This recent acquisition underscores Transmed Maritime Ltd’s ongoing strategy to enhance its fleet with Japanese tonnage. 26-October-2016

 

Greek Transmed Shipping Ltd has bought 2008 built capesize bulk carrier 169K DWT M/V C Winner (built 2008) for about $11 million. Transmed Shipping’s current fleet consists of 19 bulkers and an average of 4 years old. 16-March-2016

 

A kamsarmax bulk carrier owned by Athens-based Transmed Maritime Ltd experienced an explosion in one of its cargo holds while anchored at Paranagua Port in Brazil. The incident occurred on the 2013-built kamsarmax bulk carrier MV Akaki, which was loaded with corn and ready to depart for Vietnam. Fortunately, there were no injuries or oil spills reported from the explosion, and the vessel’s hull remained intact. Following the event, the local port authority initiated an investigation to determine the cause of the explosion. As a result, the MV Akaki, under the control of Transmed Maritime Ltd, is expected to stay at the port until the investigation concludes. 2013-built kamsarmax bulk carrier MV Akaki is reportedly chartered to Glencore on a time charter for approximately $8,600 per day. The Administration of Paranaguá and Antonina (APPA) has indicated that the explosion could have been caused by gas generated by the corn cargo due to high temperatures. 28-December-2015