Oldendorff takes post-panamax

Oldendorff takes post-panamax

Oldendorff, one of the busiest buyers and sellers in dry bulk over the past three quarters, has bagged a post-panamax.

The German owner is reported by brokers as paying $10.5m for the seven-year-old, 93,296 dwt Fulvia. The ship has since been renamed Charlotte Oldendorff.

The Chinese-built ship was previously owned by KG fund Dauelsberg.

Oldendorff has spent the first weeks of 2017 making a fast buck by flipping a couple of ships that it bought in the second half of last year.

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.

Related Posts