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Fresh deals concluded with our Japanese business partners

OLDENDORFF CARRIERS is pleased to report, that a few more deals were entered into in Japan, leveraging our strong ties with Japanese business partners. Our operated fleet of around 750 vessels includes 34 ships of all size classes on long period charter from Japanese ship owners, many of whom have a long term relationship with us.

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First biofuel trial of an ocean-going vessel in Singapore

Oldendorff Carriers (OC), together with global resources company BHP, advanced biofuels pioneer GoodFuels (GF) and with the support of the Maritime and Port Authority of Singapore (MPA), has successfully conducted the first marine biofuel trial involving an ocean-going vessel bunkered in Singapore.

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New investments for our fleet

Earlier this year, OLDENDORFF CARRIERS has ordered two 61,300 Ultramax Newbuildings for delivery July 2022 and acquired two 93,000 tdw Post-panamaxes in separate transactions, in addition to the recent sale of "Lily Oldendorff" (38,000 tdw, built 2017 at Avic Weihai). These transaction and ships, that were recently taken on period charter, makes Oldendorff Carriers’s fleet under operation to exceed 750 vessels.

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Wind propulsion for Dry Bulk Carriers

Oldendorff Carriers (OC) has signed a Joint Development Project (JDP) with Anemoi Marine Technologies (Anemoi), Lloyd’s Register (LR) and Shanghai Merchant Ship Design and Research Institute (SDARI) to develop a wind-assisted propulsion solution for Dry Bulk Carriers. The project, scheduled for completion in 2022, breaks down significant barriers for the installation of rotor sails technology and paves the path for commercial-ready applications across the industry in the short-term.

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IHM completed and fully digitised

Oldendorff Carriers has completed the implementation of a certified Inventory of Hazardous Material (IHM) across the entire fleet. This development has been finalised ahead of the regulatory EU deadline. Looking beyond what it is mandated in the IHM legislation, we have implemented a fully-digitised solution for the IHM maintainance that removes the administrative workload from our crews and enhance our fleet’s efficiency to comply with IHM regulations.

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First of four Hantong Newcastlemaxes named

With M/V “Henry Oldendorff” named by Ms. Wei of ICBC Financial Leasing (Beijing) today, we have completed the first of four newbuildings to be delivered from Hantong Shipyard in China between now and late summer 2021. When the last vessel is delivered, we will have built a total of 19 ship at this shipbuilder since 2019, consisting of 12 Kamsarmaxes and 7 Newcastlemaxes. Other newbuildings to join our fleet are the two specialized Transloaders for deployment at the Vietnam transshipment location.

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Ultramax sale takes cooperation with CDBL to 25 ships

We are pleased to confirm, that we agreed a deal to sell 6 of our Ultramaxes to China Development Bank Leasing (CDBL) with floating bareboat charter back. This sale means, that we now have done 25 transactions with CDBL, with whom we enjoy an excellent cooperation.

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Newbuilding programme in full swing

Oldendorff Carriers has taken delivery of a total of 23 bulk carrier newbuildings since 2019. Our newbuilding programme is still in full swing and by 2021 we will - in addition to our own ships - also have taken delivery of another 16 newbuildings, which we had agreed to charter long term from other owners. Furthermore, from 2013 onwards our S&P desk has done a total 226 transactions (buying and selling) for second hand vessels, newbuildings and newbuilding resales.

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Tata Power & Oldendorff Carriers sign Capesize package deal

Oldendorff Carriers and Tata Power have announced a comprehensive package deal involving the acquisition of 3 Capesize bulk carriers at an en bloc price of US$ 212,7 M. The agreement includes the long term contracts of affreightment for the transportation of cargo to India.

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Our business continues fully operational

Our email addresses remain the best way to contact us. All employees mobile contact details can be found in the Finder on our website. We continue to be fully functional and available.

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Successful salvage operation

In August 2019, Oldendorff Carriers received the petition of supporting the MV Hispania Graeca to salvage its cargo of 61,800 MT of Soya Beans. This has been another successful salvage operation carried out by Oldendorff, which demonstrates how our “one-stop shipping” service is ready to cater almost immediately any bulk transportation requirement

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Four Namegivings planned for Japan

Four newbuildings out of five, which are currently under construction at Oshima in Japan, will be christened within just two hours in March 2020. At the same time we will celebrate decades of close cooperation with Japanese shipyards, namely Oshima, well-known for its super-eco bulk carrier designs.

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Members of the Getting to Zero Coalition

Oldendorff Carriers is pleased to announce its membership in the Getting to Zero Coalition. The Coalition is an alliance of more than 100 likeminded companies and organisations within the maritime sphere, supported by key governments and IGOs. All members of the Coalition are committed to achieving the vision of decarbonizing in shipping and meeting the IMO targets.

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Oldendorff signs agreement with MIT on ship design

In our quest to make our vessels more green and economical, Oldendorff Carriers has signed a research agreement with the Massachusetts Institute of Technology’s (MIT) Center for Bits and Atoms (CBA). Oldendorff, together with CBA and its campus collaborators including MIT's Sea Grant Program, will investigate disruptive improvements in ship design and propulsion to achieve the IMO 2030/50 requirements.

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Oldendorff Carriers delivers cargo to BCPCL in Bangladesh

Oldendorff carriers signed a Contract of Affreightment with ‘BCPCL’. Oldendorff will provide a full transportation solution to BCPCL, which includes cargo transportation from Indonesia or Australia with transshipment in Andaman & Nicobar to Payra, Bangladesh. The cargo transshipment will allow BCPCL to take advantage of lower freight costs using larger vessels to Andaman & Nicobar, and smaller vessels will deliver the cargo to BCPCL, due to draft restrictions at Payra port. The expected quantity of cargo to be shipped will be between 3.8 – 4.5 million mts per year, for a period of 5 years.

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Lydia Oldendorff sets record at Puerto Bolivar and Antwerp

The Lydia Oldendorff (207,562 tdw built 2015) has set a record as the largest vessel to load coal at Puerto Bolivar, Colombia. The Newcastlemax vessel has a length of 300 metres and a breadth of 50 metres and was loaded on a trial cargo draft of 17.5 metres. The cargo loaded is destined for Flushing, Netherlands, where it will again be the largest vessel to enter the port.

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Wide Range of asset deals with yards and leases in China

During the last 12 months, Oldendorff Carriers have been able to complete a total of 23 deals with 3 Chinese leasing companies. None of these deals involve lease finance. The charters we provided are market related and mostly on a floating index rate basis. The 10 Capes and Kamsarmaxes will all be equipped with scrubbers, eight of them with open loop scrubbers and two of them with hybrid scrubbers.

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Improving the environment with LED

Oldendorff Carriers has started to equip our entire fleet of bulk carriers with efficient and environmentally friendly LED lights. Over the last year, we have done a series of trials to analyse the performance of different LED manufacturer’s lights, including intensities and colors.

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Oldendorff Carriers implements Ship Recycling Regulations

Oldendorff Carriers has entered into an agreement with GSR Services and Korean Register (KR) for the development and certification of Inventory of Hazardous Materials (IHM) for their fleet for meeting tight EU - deadlines.

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Eco Newbuildings delivering simultaneously

In our continuous effort to upgrade our fleet, 2019 started with the delivery of five new eco-ships delivered to Oldendorff Carriers, four of which were delivered on the same day. We are always trying to reduce our environmental impact and these new (fuel-efficient) vessels will reduce fuel consumption for transporting cargo and consequently reduce our carbon footprint.

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Self-Unloaders in CSL Pool sold to Algoma

Oldendorff has sold the three remaining self-unloaders still operating in the CSL Pool: Sophie Oldendorff (70,037 tdw built 2000), Harmen Oldendorff (66,188 tdw built 2005) & Alice Oldendorff (50,259 tdw built 2000) for US$100.5 million to Algoma Central Corporation who is the third partner in the CSL Pool. The vessels are expected to deliver to Algoma around the middle of 2019. All three vessels have been trading in the CSL Pool on the East Coast of North and South America since they were built.

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The tale of two Handies “Midland Trader” & “Hansa Baltica”

These two eco Handies have an interesting story: We originally ordered them in June 2012 at the then Korean controlled yard. in 2015, the Korean mother company got into trouble. The yard was later rescued by the diversified Shanghai Zhouji Group, which employs 42,000 people worldwide. In July 2017, we bought the ships once again from the new entity as resales.

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Oldendorff Carriers chooses Datum Electronics

UK based Datum Electronics has been awarded a contract from Oldendorff Carriers, to supply our owned fleet with Datum Shaft Power Meter systems, to seamlessly integrate with various existing ship performance monitoring systems. As a part of our eco fleet strategy, over 90% of the Oldendorff owned fleet is now comprised of environmentally friendly vessels. Oldendorff is implementing fleet and ship performance monitoring systems, which are aimed at reducing our carbon footprint, while improving the technical and operational efficiency of our ships.

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Oldendorff London has fantastic result in Oscar Dragon Boat

The Oldendorff Carriers London office is still recovering from the wonderful OSCAR dragon boat race last Friday. Oldendorff London were the biggest fundraisers for the event, raising a total of £11,367, the funds were raised by the very generous contributions of clients and colleagues. Our team came second in the dragon boat final, missing the top position by a nose, just three tenths of a second. Of course, we had a few young, strong recruits from our Hamburg office to beef up our team, and Oscar.

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