Intercargo
Intercargo
Home » Type » Member News » Oldendorff buys and sells
Member News

Oldendorff buys and sells

March 23, 2016

Brokers report the German powerhouse Oldendorff has just offloaded the 53,700 dwt Sapphire Seas, built 2005. The ship comes from this Christmas’s bank sale from troubled Paragon Shipping’s fleet, and has only been with Oldendorf long enough to change its name to Julius Oldendorff.

Paragon sold two panamax bulk carriers and one supramax in December to Oldendorff in order to pay off the outstanding debt from a loan to Commerzbank. The Greek shipowner sold the Diamond Seas, Pearl Seas and the Sapphire Seas to the German outfit.

Oldendorff, which operates hundreds of ships, has been busy lately diving in and out in the secondhand market. The sale comes weeks after Oldendorff snapped up at auction an abandoned handy being built at bankrupt Shandong Huahai Shipbuilding, the 36,000 dwt Long Fortune.

(Source: Splash24/7, 23 Mar 2016)

You may also like

Member News

INTERCARGO welcomes New Members in 2024

Sea Vision Shipping Inc       Polembros Bulkers Inc   Alma Shipmanagement & Trading S.A. Shih Wei Navigation Co., Ltd. DryDel Shipping Inc. Besiktas Shipping         Danaos Shipping Co. Ltd Navilands...

November 21, 2024
Member News

19th ICS Annual Digital Forum

Dear Members of INTERCARGO, On the occasion of INTERCARGO’s Chairman-elect, Mr John Xylas, participating in the 19th ICS Annual Digital Forum, the Institute of Chartered Shipbrokers Greek Branch has the pleasure of inviting all INTERCARGO...

November 21, 2024
Member News

ESG Shipping Awards 2024

-First posted on 11 January 2024 INTERCARGO is a proud supporter of the ESG Shipping Awards   – Update 21 November 2024   As proud supporters of the ESG Shipping Awards, INTERCARGO is delighted to extend the following invitation to a...

November 21, 2024
Member News

INTERCARGO at IBIA Annual Convention 2024

first posted on October 7 The IBIA Annual Convention 2024 took place in Athens, Greece from Tuesday 5 November to Thursday 7 November at the Athens Marriot Hotel. INTERCARGO was represented by Secretary General Kostas Gkonis as panellist in the...

November 8, 2024
Member NewsNoticeboard

Date: Wednesday 16th October 2024 Time: 6.00pm – 7.30pm Venue: The IDRC, 1 Paternoster Lane, London, EC4M 7BQ LSLC, The Maritime Business Forum, is holding a Roundtable debate on a rising trend regarding the challenges of mixed stowage of steel...

October 11, 2024
Member News

International Bulk Shipping Conference 2024

Dear Members, INTERCARGO is an official supporting organisation of the International Bulk Shipping Conference 2024, organised by RIVIERA, on 19 November 2024, 09:00 – 17:00 in London. Marine-Quality Manager Paul Markides, will participate in...

September 24, 2024
Member News

Hong Kong Maritime Week 2024 | 17-23 November 2024

first posted : 1 August 2024 INTERCARGO is a supporting organisation of the eighth Hong Kong Maritime Week, which will take place on 17-23 November 2024 at the “Propel Hong Kong” a renowned international maritime centre. The theme this year is...

September 20, 2024
Member News

ABS UK National Committee meeting

INTERCARGO Associate Member ABS
hosted its UK National Committee on September 13, 2024.
Our association was represented by Secretary General Kostas Gkonis, and we extend our sincere appreciation to ABS for their kind invitation.
 

September 16, 2024
Member News

7th Mare Forum Mykonos 2024

The 7th Mare Forum Mykonos event was successfully held on 30/8. INTERCARGO was well represented by our Vice-Chair, Spyros Tarasis and Technical Committee Vice-Chair & Executive Adviser, Dimitris Monioudis who acted as Conference Chairman. A...

September 2, 2024