Athens-based Tsakos Group’s ship management arm Tsakos Columbia Shipmanagement (TCM) S.A. and Columbia Group have decided to discontinue the joint venture agreement. Schoeller Holdings-controlled Columbia Group selling the company’s shares to Nikolas Tsakos-led Tsakos Group. Columbia Group CEO Mark O’Neil remarked that successful technical management operation is coming to an end. Greek shipowner and operator Tsakos Group has now acquired full ownership of m Tsakos Columbia Shipmanagement (TCM) S.A. and this leaves both companies free to pursue their business development strategies. Athens-based shipowner and operator Tsakos Group has a diversified fleet of ships comprising LNG, tankers, bulk carriers, and container ships. Tsakos Group incorporates Tsakos Energy Navigation Limited (TEN), Tsakos Shipping & Trading, Tsakos Columbia Shipmanagement (TCM) S.A, Tsakos Shipping (London) Ltd, Maria Tsakos TCM Academy, Tsakos Maritime Philippines Inc (TMPI), Argosy Insurance Company Ltd, Tsakos Industrias Navales S.A., and Tsakos Conbulk Services (TCB) S.A. 27-March-2023
Athens-based Tsakos Group’s dry bulk shipping arm Tsakos Conbulk Services (TCB) S.A. managed 2007 built kamsarmax bulk carrier 83K DWT MV London 2012 grounded Babitonga Bay near Porto Itapoa off Brazil on 14 March 2023. Liberia-flagged MV London 2012 was carrying a cargo of soybeans. Tsakos Conbulk Services (TCB) S.A. managed MV London 2012 was assisted by tug boats in an attempt to refloat the ship. The Brazilian navy expressed the grounding of MV London 2012 did not affect other ship traffic in the channel. No pollution was reported by the authorities. Tsakos Conbulk Services (TCB) S.A. was requested to take precautionary measures connected to the prevention of environmental damage. A diver checked the condition of the MV London 2012’s hull. Athens-based Tsakos Group’s dry bulk shipping arm Tsakos Conbulk Services (TCB) S.A. had to submit a preliminary salvage plan. An investigation will be embarked upon to determine the cause of the incident. Tsakos Conbulk Services (TCB) S.A. managed MV London 2012 has insurance through the North of England P&I Club (Protection and Indemnity Club). MV London 2012 is classed by BV (Bureau Veritas). The dry bulk fleet sector of the Tsakos Group was placed under the management of Tsakos Conbulk Services (TCB) S.A. Tsakos Shipping and Trading S.A. manages a diversified fleet of ships comprising LNG, tankers, bulk carriers, and container ships. 19-March-2023
Athens-based Tsakos Group’s dry bulk shipping arm Tsakos Conbulk Services (TCB) S.A. chartered out two (2) kamsarmax bulk carriers on a long-term basis. Nikolas Tsakos-led shipowner and operator Tsakos Group owned 2019 built kamsarmax bulk carrier 82K DWT MV Psarros D and 2019 built kamsarmax bulk carrier 82K DWT MV Betty K chartered out $11,000 per day for two years. Tsakos Conbulk Services (TCB) S.A. orders new vessels when backed by long-term employment. 2019 built kamsarmax bulk carrier 82K DWT MV Psarros D and 2019 built kamsarmax bulk carrier 82K DWT MV Betty K will be delivered soon to an unidentified FCC (first-class charterer) for two years. Tsakos Conbulk Services (TCB) S.A. ordered kamsarmax bulk carriers MV Psarros D and MV Betty K at Jiangsu Yangzijiang Shipbuilding. Jiangsu Yangzijiang Shipbuilding will deliver MV Psarros D and MV Betty K to the Tsakos Conbulk Services (TCB) S.A. next week. Two-year charters are common for capesize bulk carriers but not for small bulk carriers. Athens-based Tsakos Group has mainly been active in the tanker sector. Tsakos Group’s first kamsarmax bulk carrier order in a decade. Currently, kamsarmax bulk carrier charter rates are around $8,900 per day. Lately, long-term charter rates and spot rates have been plunging. Tsakos Group incorporates Tsakos Energy Navigation Limited (TEN), Tsakos Shipping & Trading, Tsakos Columbia Shipmanagement (TCM) S.A, Tsakos Shipping (London) Ltd, Maria Tsakos TCM Academy, Tsakos Maritime Philippines Inc (TMPI), Argosy Insurance Company Ltd, Tsakos Industrias Navales S.A., and Tsakos Conbulk Services (TCB) S.A. 17-April-2019
Greek shipowner and operator Tsakos Shipping & Trading ordered four (4) kamsarmax dry bulk carriers 82K DWT at Chinese Shipyard Jiangsu Yangzijiang for around $25 million each. Tsakos Shipping & Trading signed a LOI (Letter-of-Intent) to commence building Tier II standard kamsarmax dry bulk carriers with Chinese Jiangsu Yangzijiang Shipyard. Athens- based Tsakos Shipping & Trading has mixed fleet of 90 tankers and bulk carriers. 6-February-2018