Dry CargoEurope

Oldendorff continues rapid expansion snapping up eight bulkers

Germany’s Oldendorff has added to its already substantial dry bulk fleet with the acquisition of eight new vessels on the secondhand market, made up of three baby capes and five post-panamax bulkers.

The Chinese-built baby capes were acquired from companies managed by German owners Hartmann Reederei and Thomas Schulte. Two 119,000 dwt vessels, UBC Onsan and UBC Ohio, were built in 2011 at Sinopacific while the 115,000 dwt Emma Schulte was built at Jiangnan Shipyard in 2012. All three have completed their first special survey.

Of the post-panamax vessels, one was acquired from Japanese owners, the three-year-old Imabari-built Oriental Angel, while the other four were acquired from companies managed by Germany’s NSC Holding. Tonic SeaTana SeaTango Sea and Tonda Sea from NSC were built at Taizhou Kouan Shipyard and Yangfan Shipyard in China.

Over the last 12 months, Oldendorff has added 17 secondhand and resale bulker to its fleet and has also taken delivery of 13 newbuilds so far in 2016. It has an additional ultramax scheduled for delivery next month.

Oldendorff currently operates a fleet of over 500 bulk carriers, with around 125 of them owned or on bareboat charter.

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Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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