October 11th, 20190Van Dam Shipping has signed a contract for the installation of an eConowind supplied wind assisted propulsion system on its 3,600 dwt general cargo vessel . The Spijk, Netherlands-based company will take delivery of the Ventifoil system in the final quarter of this year. For eConowind, located in Groningen, Netherlands, it is the...
October 10th, 20190Limited port facilities in developing countries are giving an Italian company a chance to upscale an old business model. Corrado Cuccurullo is the CEO of Shi.E.L.D Services, the newly born management company specialsed in transhipper units, created when Coeclerici decided to exit the coal logistics business after more than 15 years....
October 8th, 20190Express Holding is the latest financial player to enter the shipping industry in Italy, promising to operate in the market with a different approach. “We don’t act as the traditional NPL managers are used to do. We are an innovative shipping platform as we look at financial exposures capable of giving us a majority share of the...
October 4th, 20191Carsten Mortensen is back, hunting product tanker opportunities with a new fund. The former CEO of both BW and Norden has teamed with well-known shipping private equity professional Freddie Lee to create Dee4 Capital Partners, which started off in the summer by closing a $41m capital raising exercise, with further capital to be raised...
October 2nd, 20190The latest issue of Maritime CEO magazine launches today just in time for the upcoming Cyprus maritime week. As ever there’s the views of shipowners from across the globe, top markets commentary as well as deep dives into pertinent topics affecting the shipping industry today. A special feature in this issue looks at the rise of...
September 11th, 20190Omegra was conceived in 2013 in Singapore as an independent dry bulk shipping company sitting alongside sister company and commodity trading house, Enerfo. From the outset, the aim was to be nimble, snatching opportunities in what has been an incredibly volatile market this decade. “For any operator, success derives from the...
June 20th, 20190It has taken more than six years of restructuring but finally the Ravenna-based Gestioni Armatoriali is now free of debts and ready to take new investment opportunities, both in the dry and liquid markets. Nicola Coccia, chairman of the company and former head of the Italian shipowners association, Confitarma, thinks that the...
June 4th, 20190Proving once again what a brilliant asset player he is, Norwegian tycoon Arne Fredly revealed in late May he’s closing in on a deal to offload a pair of VLCC resales, pocketing a stunning $25m profit in the process. Fredly set up Oslo-listed Hunter Group as a pure-play VLCC company early last year, rebranding another company called...
June 3rd, 20190Best known for its pioneering containership investments, Vancouver-based ship lessor Seaspan Corporation is diversifying under new management, with LNG seen as a potential new direction. Nevertheless, despite headwinds the company remains optimistic that the market fundamentals for its largest source of business, boxships, remain...
May 30th, 20190Şadan Kaptanoğlu stars on the cover of the latest issue of Maritime CEO magazine, launched today just in time for next week’s big Nor-Shipping event in Oslo. The magazine has a strong Nor-Shipping flavour to it with plenty of Norwegian owner interviews and Oslo finance under the microscope. However, it is Kaptanoğlu who takes...
