rss icon Subscribe
desktop mobile

Fleet Of Babycapes Is Growing: Oldendorff

 Photo: Oldendorff

By Aiswarya Lakshmi

Oldendorff Carriers has recently increased the number of owned bulk carriers in it Babycape segment by acquiring four more eco 119,000 tonners from compatriot shipowner Hartmann Reederei.

The vessels are: MV UBC Ottawa (tbrn: Roland Oldendorff), MV UBC Odessa (tbrn: Rex Oldendorff), MV UBC Olimbus (tbrn: Redmer Oldendorff) and MV UBC Oristano (tbrn: Rik Oldendorff).
These ships were built for Hartmann at Sinopacific Shipbuilding in 2011. The acquisitions will increase our total operated Babycape fleet to around 36 units, of which 10 will be fully owned. Oldendorff Carriers has been able to build a network of trades, which can take advantage of the large capacity that these vessels offer on any draft.
"The Sinopacific 119k design, of which we will control all 10 including 8 owned and 2 chartered ships, has the optimum deadweight / draft ratio of nearly 119,000 tdw on only 14.5 m ssw draft. Our calculations show, that we should also be able to increase the intake of these vessels to more than 121,500 tdw on about 14.794 m draft," said a press statement from the company.
"Chartering for our Babycape business can be handled from our London office, with additional chartering operations from Singapore. Having 10 sister vessels which have optimal characteristics allows us to offer our clients a competitive advantage and more flexibility," it added.
The purchase of these vessels is in line with the positive outlook for drybulk freight rates and values. This deal takes its total net acquisitions to 97 vessels of around 10 million tdw over the last 5 years with vessel takeovers between 2013 and 2020.
These acquisitions are made up of newbuildings, resales and modern second hand ships. This net 97 vessel investment, is after the company sold 11 tankers (following the acquisition of E-ships, Abu Dhabi), and 28 bulk carriers during the same period.

Dec 11, 2017


Bulk Carrier Trends

Baltic Index Slips to Three-week Low

(Photo: Eric Haun)

The Baltic Exchange's main sea freight index fell to over three-week low due to sagging demand for

Brazilian Grain Producers Explore Increased Use of Panama Canal

© DazGee / Adobe Stock

Brazilian farmers in top soy state Mato Grosso signed a memorandum of understanding with the

Importers Buy U.S. Corn at Record Pace

Dry bulk barges underway on U.S. waterways (Credit: AWO)

Importers are buying U.S. corn at the fastest pace since the mid-1990s, according to U.S.


DP World Acquires Cosmos Agencia Maritima in Peru

Pic: Cosmos

Dubai-based DP World, , one of the world's largest port operators, said it had bought a logistics

Port of Gothenburg: Sustained Growth in Ro-Ro Operations

Working in collaboration with several North European ports, the Port of Gothenburg is hoping to link up more destinations as part of intermodal collaboration that will contribute to a more efficient, climate-smart logistics system. Photo: Port of Gothenburg.

Ro-ro operations at the Port of Gothenburg are looking bright, with sustained growth three years

Consortium: Blockchain Solution to Improve Ocean Shipping

Blockchain is a new type of distributed database system that maintains and records data in a way that allows multiple stakeholders to confidently and securely share access to the same information. Image Accenture

A consortium comprising AB InBev, Accenture, APL, Kuehne + Nagel and a European customs

Maritime Apps