Masterbulk’s shipmanagement arm now has 20 ships on its books

Singapore: Two and a half months after Masterbulk Ship Management (MBSM) was launched, the ships continue to flood into this subsidiary of Masterbulk. MBSM has announced that it has taken over full technical management of the open hatch gantry crane vessels Hoyanger, Ikebana, Hardanger and Indiana. This brings the total fleet under management to 20 vessels.

Nicholas Fisher, CEO of Masterbulk, noted that the addition of these vessels to the MBSM fleet was part of the ongoing restructuring of the business. “Masterbulk Ship Management has proven itself to be amongst the leading ship management companies worldwide, a fact evidenced by our zero fatality, zero Port State Control detention, and low LTIF statistics. Running these vessels out of Singapore allows us to further leverage the skills and value for money delivered by the MBSM team.

“These are some of the most technically complex dry bulker carriers in operation today, with gantry cranes.  Although managing a dry bulk fleet today, the MBSM team operates to Tanker Management standards, and we believe there is a need for a shipmanagement company to provide services targeted to the top owners, running the best vessels. We anticipate adding more third party vessels to the fleet over the course of this year.”


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