Oslo: Norwegian Car Carriers (NOCC) is hunting down tonnage, the head of the Oslo-listed company tells Maritime CEO in the regular Friday shipowner slot.
Engebret Dahm, ceo of NOCC, reveals: “We are on a continuous basis considering new acquisitions to continue the ongoing renewal of our fleet.”
NOCC has 13 ship in its fleet ranging in size from 4,000 to 7,000 ceu and no ships on order. In 2012 NOCC bought three second hand vessels and took delivery of one newbuilding – all large vessels of about 6500 ceu capacity.
Unlike other shipping sectors Dahm reckons the car carrier segment is “fairly balanced”.
“Tonnage redelivered by Korean charters in May/June was quickly absorbed in the market,” he notes, adding: “Important drivers in the car carrier market ahead in time are amongst others the development in the European economy and European car imports and secondly the effect of the weaker Yen on Japanese car exports”
Dahm joined NOCC in July 2010 following the company’s acquisition of Dyvi Shipping as deputy ceo. He took over the position as chief financial officer before becoming ceo on 1 March 2012. [19/07/13]
