Oldendorrf Struck Its First Secondhand Market Deal


Oldendorff’s sale and purchase department has struck its first deal in the secondhand market since August, says an article published in Splash247.

About the sale & purchase deal

The German heavyweight has been willing to lay $24m on the table for the eight-year-old, 95-000 dwt Bunji, a ship sold by Japan’s Kambara Kisen.

The Henning Oldendorff-controlled outfit has been busy this year, tapping various owners including Pacific Carriers, Nissen Kaiun, and MC Shipping for eight similar-aged post-panamax bulkers.

Data compiled by VesselsValue shows that Oldendorff’s post-panamax stable has grown significantly in the last couple of years, counting 35 ships, valued at some $800m.

Oldendorff newbuilds

While Oldendorff’s sales and purchase department has put its money in the post-panamax segment, its newbuilding experts have put their trust in the China’s Jiangsu Hantong yard with an order for up to 12 kamsarmaxes.

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Source: Splash247


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