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Delta Marine Carriers: Refocus on ultramaxes

Monaco: Delta Marine Carriers, a very low profile firm based in Monaco and whose core business is managing ships owned by several foreign owners, is refocusing its activity in dry bulk.

The company’s president, Nico Poons, talking to Maritime CEO, says that the only exciting plans of Delta in the coming 12 months are “selling older tonnage and taking delivery of two ultramax newbuildings”.

As of today the company’s fleet is made up of one capesize and two handysize bulk carriers but a further six 63,000 dwt ultramax units were ordered in mid-2014 at the Chinese shipbuilders Sinopacific Yangzhou Dayang and CSC Jinling Shipbuilding and are set for delivery from 2016 onwards.

“No good” is the sentiment expressed by Poons on the shipping market trend in the dry bulk for the short to mid-term future and he observes that “another two or three years of downturn” is likely.

On top of that Delta Carriers’ president highlights that “compliance and regulations contributes to the headache facing the industry at the moment”.

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