Athens-based shipowner and operator W Marine Inc acquired a 2012-built kamsarmax bulk carrier for around $20 million. Improving prospects in the dry bulk shipping market have been drawing Greek shipowners, such as Nikos Triantafyllakis-led W Marine, to boost their exposure to large bulk carriers. Greek shipowners who a few months ago were purchasing bulk carriers just to replace vintage ships, as part of their fleet renewal strategies, are now more confident to expand their fleet. Currently, Athens-based shipowner and operator W Marine Inc. has a fleet of seven (7) post-panamax bulk carriers, four (4) kamsarmax bulk carriers, and three (3) panamax bulk carriers. 28-March-2023
Yiannis Sarantitis-founded CEO Nikos Triantafyllakis-led shipowner and operator W Marine acquired 2014 built panamax bulk carrier 75K DWT MV W Jade (ex MV Rio Grita) from German shipowner and operator Minship Shipmanagement. Athens-based shipowner and operator W Marine Inc paid around $23 million for the ice-classed panamax bulk carrier 75K DWT MV W Jade (ex MV Rio Grita). Greek shipowner and operator W Marine Inc will move into new businesses with the ice-classed panamax bulk carrier 75K DWT MV W Jade (ex MV Rio Grita). Matthias Ruttmann-led Minship Shipmanagement GmbH & Co. KG usually operates handy bulk carriers and managed fleet predominantly consists of modern fuel-efficient ships with a low CO² footprint. 18 May 2022
Athens-based shipowner and operator W Marine Inc remarked that conventional seamanship values must be preserved, despite Covid-19 accelerating technology change. Yiannis Sarantitis-founded CEO Nikos Triantafyllakis-led shipowner and operator W Marine stated that the shipping companies must not reach the point of transferring ashore responsibilities that must stay on board. According to Greek shipowner and operator W Marine, 2020 commenced with fairly positive omens for seaborne business and ended thoroughly messed up as a consequence of the pandemic, the repercussions of which nobody could predict. The pandemic has provoked considerable disturbances in the daily operations of ships. Furthermore, Athens-based shipowner and operator W Marine, the pandemic weakened shipping demand to unprecedented low levels. 15-December-2020
Athens based shipowner and operator W Marine Inc. and Oslo based Norwegian Christian Ness-led finance house NRP (Ness, Risan & Partners) have acquired 2007 built panamax bulk carrier 76K DWT MV Genco Raptor from New York-listed Genco Shipping & Trading. The price tag of MV Genco Raptor has not been revealed but second-hand market price is around $10 million. Norwegian asset manager NRP (Ness, Risan & Partners) has been expanding its ship portfolio. W Marine Inc. will be the commercial and technical manager of MV Genco Raptor. In 2018, Norwegian investor NRP (Ness, Risan & Partners) bought 2011 built baby capesize bulk carrier MV Talia with W Marine Inc. In December 2019, Norwegian investor NRP (Ness, Risan & Partners) teamed up with another Greek shipowner and operator Empros Lines in order to acquire 2011 built ultramax bulk carrier 61K DWT. Empros Lines will be the commercial manager and V.Ships will be the technical manager. Norwegian investor NRP (Ness, Risan & Partners) is seeking to double its invested capital within 5 to 7 years while paying annual dividends of 5% to 8%. Norwegian investor NRP (Ness, Risan & Partners) has a portfolio of investments in bulk carriers, feeder container-ships, and product tankers. Norwegian investor NRP’s (Ness, Risan & Partners) shipping funds had an interest in 24 ships worth a combined $300 million at the end of H1 2018. 12-December-2019
In August 2019, Athens based shipowner and operator W Marine Inc. acquired 2006 built panamax bulk carrier 76K DWT MV W-Galaxy (ex MV Nord Galaxy). Greek owners prefer shallow draught panamax bulk carriers in Indian Ocean trades. 24-September-2019
Athens-based shipowner and operator W Marine Inc acquired 2006 built panamax bulk carrier 76K DWT MV W-Galaxy (ex MV Nord Galaxy). Yiannis Sarantitis-founded CEO Nikos Triantafyllakis-led shipowner and operator W Marine Inc has veered off the company’s standard approach to add an 11th bulk carrier to W Marine’s fleet. Greek shipowner and operator W Marine Inc plans to operate MV W-Galaxy (ex MV Nord Galaxy) for Indian Ocean businesses. Athens-based shipowner and operator W Marine Inc tends to order new bulk carriers or purchase young kamsarmax and post-panamax bulk carriers. Nevertheless, last week W Marine Inc acquired a 13-year-old panamax bulk carrier MV W-Galaxy (ex MV Nord Galaxy). 3-August-2019
Oslo based Norwegian Christian Ness-led finance house NRP (Ness, Risan & Partners) has confirmed its involvement in a dry cargo project with W Marine. Greek ship manager W Marine had invested in 2011 built post-panamax dry bulk carrier 93K DWT MV Talia alongside with NRP (Ness, Risan & Partners) using the Norwegian KS system. Greek shipowner and operator W Marine Inc will be the technical and commercial manager of the ship. Norwegian finance house NRP (Ness, Risan & Partners) has been investing in dry cargo ships in 2018. In April 2018, NRP (Ness, Risan & Partners) concluded a deal to buy 2 handysize dry bulk carriers from Nordic Hamburg. 18-December-2018