Malaysian Bulk Carriers

Kuala Lumpur-based shipowner and operator Malaysian Bulk Carriers (Maybulk) sold the 2018 built kamsarmax bulk carrier 82K DWT MV Alam Kekal to Japanese financial establishment Tokyo Century Corporation for around $30.1 million. Malaysian Bulk Carriers (Maybulk)disclosed that its subsidiary, Kekal Shipping, has finalized an accord with the eminent financial establishment, Tokyo Century Corp, about the transaction of the 2018 built kamsarmax bulk carrier 82K DWT MV Alam Kekal. Prior discussions amongst maritime shipbrokers suggested that the Oshima-built MV Alam Kekal fetched a price of $31.8 million, transferring to a mysterious shipowner. In a sophisticated disclosure to the Bursa Malaysia, Kuala Lumpur-based shipowner and operator Malaysian Bulk Carriers (Maybulk) elucidated that the MV Alam Kekal. Malaysian Bulk Carriers (Maybulk) proclaimed its aspiration to relinquish the MV Alam Kekal back in June and subsequently secured the affirmation of its shareholders during a monumental general assembly in July. This strategic manoeuvre resonates with Malaysian Bulk Carriers’ (Maybulk) ambition to diversify its fiscal avenues, thus diluting the hazards tethered to excessive reliance on its foundational operations. Within its meticulous divestiture blueprint, Kuala Lumpur-based shipowner and operator Malaysian Bulk Carriers (Maybulk) delineates its intent to channel the monetary gains from the MV Alam Kekal transaction towards invigorating future entrepreneurial growth, judicious investments, and the procurement of strategic assets in the forthcoming biennium. 11-September-2023

 

Kuala Lumpur-based shipowner and operator Malaysian Bulk Carriers (Maybulk) sold three handysize bulk carriers. Malaysian Bulk Carriers (Maybulk) sold 2016 built handysize bulk carrier 33K DWT MV Alam Sejahtera, 2014 built supramax bulk carrier 58K DWT MV Alam Molek, and 2014 built supramax bulk carrier 58K DWT MV Alam Madu. Malaysian Bulk Carriers (Maybulk) reported a profit of $23 million from the sale of three (3) bulk carriers. Malaysian Bulk Carriers (Maybulk) reported a profit of $38 million for the three quarters of 2021. Kuala Lumpur-based shipowner and operator Malaysian Bulk Carriers (Maybulk) has benefited from the boom in charter rates, lower operating costs from a more modest fleet. Furthermore, Malaysian Bulk Carriers (Maybulk) benefited from the redelivery of two (2) loss-making chartered-in bulk carriers. Malaysian Bulk Carriers (Maybulk) reported an average TCE (Time Charter Equivalent) of $17,225 per day per ship for the first nine months of 2021. Meantime, Kuala Lumpur-based shipowner and operator Malaysian Bulk Carriers (Maybulk) benefited from tonne-miles such as shifting Chinese coal resources. Malaysian Bulk Carriers (Maybulk) anticipate freight rates to remain volatile in 2022. 28-November-2021

 

Robert Kuok backed shipowner and operator Malaysian Bulk Carriers (Maybulk) confirms sale of one of its oldest and smallest bulk carriers for further trading. 2006 built 32K DWT M/V Alam Sakti is sold for further trading. M/V Alam Sakti will be delivered in June 2017. Malaysian Bulk Carriers (Maybulk) reported $7.6 million in Q1 2017 with an average daily time charter equivalent (TCE) rate of $6,421. 25-May-2017

 

Greek Navitas Compania Maritima bought post-panamax bulk carrier 2005 Japanese built 87K DWT M/V Alam Pesona from Malaysian Bulk Carriers for a firm $6.8 million. Greek Navitas Compania Maritima fleet consists of 4 bulkers. In 2013, Navitas Compania Maritima bought 2009 built 93K DWT M/V Barents Sea for $21 million from DryShips for $10 million. In 2014, Greek Navitas Compania Maritima bought 2 supramax bulk carriers from Turkish Geden Lines $25 million each. 5-May-2016

 

Malaysian Bulk Carriers (Maybulk) is selling 2006 India built 32K DWT handy bulk carrier M/V Alam Sakti for around $7 million. Malaysian Bulk Carriers (Maybulk) bought M/V Alam Sakti as M/V Ikan Juara for $23.75 million in October 2009. In 2016, up to now Malaysian Bulk Carriers (Maybulk) sold 5 dry bulk carriers. Malaysian Bulk Carriers (Maybulk) fleet left with 9 ships. 19-December-2016

 

Malaysian Bulk Carrier is trying to sell Japanese 2003 built supramax bulk carrier 53K DWT M/V Alam Murni. M/V Alam Murni will be in Colombia first week of May 2016 for inspection. Malaysian Bulk Carrier is the biggest shipowner in Malaysia and operating dry bulk carriers handy bulk carriers up to panamax size. 28-April-2016