Transocean Maritime Agencies

Transocean Maritime Agencies, based in Monaco, has re-entered the newbuilding market after a seven-year hiatus, indicating a renewed confidence or strategic shift in their business approach. Transocean Maritime Agencies has struck a deal with China’s New Dayang Shipbuilding for the construction of two ultramax bulk carriers, with delivery expected in 2026. This move signifies Transocean Maritime Agencies’ response to market demands or fleet expansion strategies, reflecting a long-term investment in their fleet capabilities. The signing of the contract at the end of last month marks a significant step for the Transocean Maritime Agencies, highlighting its commitment to growth and adaptation in the competitive dry bulk shipping sector. 4-February-2024

 

Transocean Maritime Agencies, with its base in Monaco, has placed an order for two ultramax bulk carriers in China, according to shipbroker reports. The company, known for owning bulker and tanker vessels, has committed to the construction of 64K DWT ultramax bulk carrier newbuilds at New Dayang Shipbuilding, with an expected delivery in 2026. These new vessels, priced at approximately $33 million each, are designed to comply with the International Maritime Organization (IMO) Tier III and EEDI Phase 3 standards, reflecting Transocean Maritime Agencies’ commitment to environmental sustainability. The company, led by Ruth McLoughlin and founded in the 1960s by the late Guenther Neunhoeffer, is making its first bulk carrier order since 2017, when it acquired a pair of kamsarmax bulk carriers from Jinling Shipyard Jiangsu. Currently, Transocean Maritime Agencies boasts a fleet of 18 ships, with an average fleet age of nine years, indicating a relatively modern and efficient fleet. 2-February-2024

 

Monaco-based dry bulk shipowner and operator Transocean Maritime Agencies acquired 2017 built kamsarmax bulk carrier 81K DWT MV Cyl for around $20 million from Lion Shipping. Transocean Maritime Agencies has been renewing its fleet. In November 2020, Transocean Maritime Agencies sold 2006 built panamax bulk carrier 77K DWT MV Apollo for around $9 million to Greek shipowner and operator Grehel Shipmanagement. Furthermore, Transocean Maritime Agencies sold 2004 built panamax bulk carrier 76K DWT MV Achilles to Grehel Shipmanagement. Currently, Transocean Maritime Agencies has a fleet of 13 bulk carriers and 5 tankers. 9-January-2020

 

Monaco-based dry bulk shipowner and operator Transocean Maritime Agencies sold 2006 built panamax bulk carrier 77K DWT MV Apollo for around $9 million. Transocean Maritime Agencies MV Apollo to a Chinese shipowner and operator. Japanese-built MV Apollo is due for SS (Special Survey) in January 2021. Transocean Maritime Agencies has sold four (4) panamax bulk carriers since 2019. In 2019, Transocean Maritime Agencies sold three (3) panamax bulk carriers. In September 2019, Transocean Maritime Agencies sold 2004 built panamax bulk carrier 76K DWT MV Achilles for around $9 million to Greek shipowner and operator Grehel Shipmanagement. Currently, Monaco based dry bulk shipowner and operator Transocean Maritime Agencies has a fleet of 14 bulk carriers and 5 tankers. 19-November-2020

 

The MR2 tanker MT Glenda Meredith, recently sold by the joint venture between d’Amico and Glencore, Glenda International Shipping, is now heading to the Monaco-based shipowner and operator, Transocean Maritime Agencies. This 40K DWT product tanker, constructed in 2010 at Hyundai Mipo, has been purchased by Transocean Maritime Agencies for $19 million. The MT Glenda Meredith had been on the market for approximately eight to nine months, with its sale occurring during a peak period for the product tanker market. This acquisition marks the addition of the fifth handysize tanker to the Transocean Maritime Agencies fleet, which already comprises 14 dry bulk carriers, further diversifying and strengthening their fleet composition. 3-May-2020

 

The Athens-based shipowning and operating company Omicron Ship Management has finalized the purchase of the 2008-built panamax bulk carrier MV Atlas B. The acquisition, made from the Monaco-based Transocean Maritime Agencies, cost Omicron Ship Management $12.2 million for the vessel, which was constructed by Imabari Shipyard. Although the sale price was $1 million lower than the $13.2 million valuation by VesselsValue, the transaction resulted in a $2.6 million profit for Transocean Maritime Agencies, which had originally bought the MV Atlas B for approximately $9.6 million in 2016. Led by Dinos Economou, Omicron Ship Management’s fleet now includes five panamax bulk carriers, all of which were built in Japan, expanding and reinforcing its maritime operations. 18-March-2019

 

Monaco based dry bulk shipowner and operator Transocean Maritime Agencies acquired 2010 built tanker MT 46K DWT MV Maersk Mishima. This is the first time that Transocean Maritime Agencies moving into the tanker segment.  Japanese shipowner Taiheiyo Kaiun sold MV Maersk Mishima which is under the time charter of Maersk Tankers for $16.8 million. Shipbrokers mentioned the price increase of MR tankers. Comparing with similar MR tanker 2010 built 50K DWT MT Axel which was acquired for $16.3 million in June, 2018. Monaco based dry bulk shipowner and operator Transocean Maritime Agencies has previously focused on the panamax and ultramax dry bulk carriers. Currently, Monaco based dry bulk shipowner and operator Transocean Maritime Agencies has a fleet of 15 dry bulk carriers worth a combined $334 million. Transocean Maritime Agencies also ordered two panamax new-buildings at Jinling Shipyard Jiangsu in China. 30-July-2018

 

Vintage dry bulk carrier values increasing due to BDI – Baltic Dry Index. Monaco based shipowner and operator Transocean Maritime Agencies sold 2001 Korea built panamax dry bulk carrier 73K DWT M/V Arethusa for $6 million for further trading. Comparing to similar panamax dry bulk carrier 2001 built 72K DWT M/V Ataman was sold for just $3 million to Fujian Ocean Shipping of China. Second-hand tonnage values are increasing day by day in the past weeks. Monaco based shipowner and operator Transocean Maritime Agencies had a fleet of 18 dry bulk carriers. 19-March-2017