Dry CargoEurope

Oldendorff takes two panamax bulk carriers

Athens: Germany’s Oldendorff Carriers has taken two panamax bulk carriers out on six- and seven-month timecharters, which have been fixed at slightly higher rates than the two chartered-in vessels they will replace.

Navios Amitie (75,400 dwt, built 2005), owned by Navios Maritime, was fixed to the German carrier for six months at a rate of $7,500 per day.

Separately, Kuang Ming Shipping has fixed its panamax KM Mt Jade (81,500 dwt, built 2008) to Oldendorff for seven months at $8,000 daily.

The rates show progress on the $6,750 daily rate ($4,100 daily for first 50 days) Oldendorff was paying for Safe Bulkers’ panamax Maritsa (76,000 dwt, built 2005), which completed its five-month period charter today.

Another panamax, Omicron Nikos (75,800 dwt, built 2003), completed its four-month timecharter to Oldendorff on June 8. The German company paid $5,150 daily for the first leg of the charter and $7,150 thereafter for the vessel, which is owned by Greece’s Omicron Ship Management.


Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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