Masterbulk awards Rickmers with shipmanagement of 16 bulk carriers

Masterbulk awards Rickmers with shipmanagement of 16 bulk carriers

Singapore: Rickmers Shipmanagement (Singapore) has been chosen as Masterbulk’s new primary third party shipmanager. Rickmers will take over management of 16 open hatch gantry crane bulk carriers progressively between May and August 2015.

Rickmers Shipmanagement recently announced its intention to step up its bulk carrier management business. The Masterbulk appointment follows the recent addition of seven supramax bulk carriers.

Masterbulk recently decided to stop both its nascent third party management business as well as management of its own ships with top management telling Splash last month that the economics of running a standalone shipmanagement business for the number of vessels involved could no longer be justified in the current depressed market.

Dr Ignace Van Meenen, ceo of Rickmers Group, said: “By managing such advanced bulk carriers we have proven – again – our wide-ranging shipmanagement abilities.”

Nick Fisher, ceo of Masterbulk, told Splash: “We wanted a partner who put the long term relationship ahead of squeezing the margins.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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