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Conversion of the Tete Oldendorff to a Transloader

In February 2017 our “Tete Oldendorff” (88,266 tdw, built at Imabari in 2006) entered Chengxi Shipyard in China to be converted to a transloader. Chengxi Shipyard is located in Jiangyin City on the lower reaches of the Yangtze River, and is one of the largest shiprepair and newbuilding enterprises under CSSC. During the conversion period the “Tete Oldendorff” will be renamed “Anna Oldendorff”. The conversion is expected to be completed in the summer of 2017.

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Copenhagen office to open by June 2017

Executive & Board Director Jens Jacobsen will head the new Copenhagen office with an initial team of 8-10 people. The new Oldendorff office will be located in the maritime cluster in Hellerup just north of Copenhagen.The office is expected to grow to include a full range of support services but will initially have chartering, operations, marine accounting and vetting.

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180,000 tdw Capesize resale joins our fleet

We have acquired a 180,000 tdw Capesize newbuilding resale from Jinhai Heavy Industry Co Ltd.  The vessel was launched last summer and is expected to deliver to us in March or April 2017 as MV “William Oldendorff”. Recently, we have focussed on Newcastlemax size vessels, so this is the first regular 180,000 tdw Capesize owned in our fleet since we resold 2 x 180,000 tdw resales ex-Beihai Shipyard in 2014/15.

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Mercy Ships’ Cargo Day

Tradewinds promoted “Cargo Day” to the shipping community who rallied behind the idea and donated generously to the very worthwhile charity on 19 October. The Africa Mercy brings volunteer medical teams and sterile operating rooms directly to people who would otherwise go without care. It’s the world’s largest civilian hospital ship providing state-of-the-art care to those in desperate need—free of charge. Oldendorff also supports Mercy Ships: www.mercyships.ch

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Fleet expansion continues with 8 acquisitions

We are pleased to report the acquisition of 3 Babycapes and 5 Post-panamax bulk carriers to supplement our owned fleet. We like to have some owned vessels in every segment in which we operate to ensure we can provide our customers with the most reliable and flexible service. This means that over the last 12 months, we have purchased 17 second hand and resale bulk carriers for delivery between early 2016 and early 2017 at historically attractive prices.

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Oldendorff navigates Northern Sea Route

Two of our ice class 1C Kamsarmax vessels (M/V Georg & Gretke Oldendorff, 81,500 tdw with side mounted cranes) recently completed incident free voyages on the Northern Sea Route (NSR) above Russia. Both vessels loaded coal and departed Vancouver in August 2016 about 10 days apart, and proceeded through the Bering Strait and Bering Sea. Upon reaching the icy Laptev Sea they were required to follow a Russian nuclear ice breaker however heavy fog was more of an issue for safe navigation than ice. Fog caused a few days of delay but almost no ice was encountered on the voyages. 

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Our Transloaders: Salvaging the Situation

In 2016, Oldendorff Transloaders have performed 4 major ship-to-ship cargo salvage operations. Having Transloaders fitted with side-mounted cranes which are capable of unloading upto capesize bulk carriers, has provided some unusual business opportunities. Oldendorff is not a salvage company but our Transloaders have been called upon by salvage companies and charterers to assist in ship-to-ship transfer of cargo. 

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Oldendorff Carriers concludes its third US Private Placement

In August 2016, we successfully completed our third US private placement bond issue. This additional US$ 60 million tranche, takes the total to US$ 220 million. Oldendorff Carriers secured additional long term financing to support the company’s investment program, and to take advantage of the current attractive interest rate environment.

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EOL in UAE renamed Oldendorff Carriers Transshipment L.L.C.

Oldendorff Carriers Transshipment Limited LLC is an Oldendorff company based in Abu Dhabi, U.A.E. The principal business of the company is unloading and lightering iron ore offshore in deep water and delivering it to steel mills in the Arabian Gulf. Oldendorff Carriers Transshipment Limited LLC currently operates in the United Arab Emirates, Bahrain, Saudi Arabia and Qatar. In May of this year, Oldendorff sold Eships to Tristar in Dubai, exiting the tanker business.

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Chinese Shipyards: 78 Ships Built at 20 Shipyards in 30 years

Our long and strong relationship with Chinese shipyards began exactly 30 years ago, when we bought two 28,000 tdw lakes-fitted bulk carriers as newbuilding resales from Dalian Shipyard. The initial deal was done through CSSC / CSTC at US$ 4.5 mio each, after the original buyer, Wheelock Marden, Hong Kong had defaulted on the building contract. Since then, we have ordered or acquired as resales a total of 78 newbuildings at 20 different Chinese yards, as can be seen in the below table.

 

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Six more vessels purchased for our core fleet

OLDENDORFF CARRIERS continues to expand its core fleet by buying six modern bulk carriers. Three “Baby Capes” were acquired to supplement our chartered fleet of around 25 small Capesize bulk carriers of 110,000 – 120,000 tdw. We also purchased a 58,000 tdw newbuilding as a resale from Samjin Shipbuilding for delivery ex-yard in January / February 2017. Finally, we purchased two 33,300 tdw Open Hatch / Box Shaped vessels ideally suited for our unitized and bulk parcel trades.

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Tristar acquires ESHIPS in USD 90 million deal

Dubai, UAE; March 7, 2016: UAE-based logistics group Tristar has agreed to acquire 100 percent ownership of Abu Dhabi-based Emirates Ship Investment Company also known as ESHIPS from Egon Oldendorff GmbH & Co. KG, a company of the Oldendorff Group for USD 90 million.

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​Introducing our new Dubai Hub​

We identified Dubai and the Middle East region as a strategic focal point from where to expand our operations in the region, which encompasses India and East Africa.

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Charming Sponsors wishing “Many Happy Returns”

Ceremonial ship naming is traditionally done by a woman during the process of transferring a vessel to the water. Do you think that is why we refer to a vessel as “she”? It is a naval tradition in many cultures, dating back thousands of years. It has been observed as a public celebration and a solemn blessing. Ship launching involves many superstitions intended to invite good luck, such as christening by breaking a sacrificial bottle of champagne over the bow as the ship is named aloud and sometimes launched.

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Serving the Wind Energy Industry

Oldendorff Carriers first carried windmill components in 2002. Since then, we have carried over 7,500 windmill towers as well as other wind energy components such as blades. It fits well that our eco vessels are transporting components for the clean energy industry. 

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Super-eco Ultramax Newbuilding from Oshima

Recently, we were able to sign our first newbuilding contract with the prestigious Japanese bulker specialist Oshima Shipbuilding.  The new super-eco Ultramax will be delivered in 2020 under the name of “Beate Oldendorff”.  Oshima’s latest super-eco 62,100 tdw design includes many fuel saving features.   

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Newbuilding Program Trimmed

As a prudent shipowner in a low bulk shipping market, we have reduced our newbuilding orderbook when we had the opportunity to do so. In those periods, where our cargo commitments exceed the capacity of the available core fleet, we will be able to cover the requirements with tonnage chartered in on a short term basis. 

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One Newcastlemax Eco Design from 3 Different Shipyards

At the beginning of the Newcastlemax newbuilding project in October 2013, Oldendorff proposed to the builders that we would like to develop the design of the  vessel  together with their designers. Three top Chinese shipyards; Jiangsu Yangzijiang (4), Taizhou CATIC (7) and Hantong (3) agreed to our proposal. It is unusual for three different shipyards to agree to build a new design developed with the Owner. Our target was to develop the most economical Newcastlemax in the market.

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BIMCO Shipping Company of the Year

We are happy to report, that BIMCO has awarded the prize "SHIPPING COMPANY OF THE YEAR" to Oldendorff Carriers.  Wang Chengyu of CCS (China Classification Society) handed the award to Henning Oldendorff during BIMCO's Awards Dinner in Hamburg on 18th November 2015. 

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Financing program completed

Last year, we successfully completed the financing program earmarked for our newbuildings. In diversifying our sources of funding, we entered the US Private Placement ("USPP") market and secured tenors of up to 30 years in our second bond issuance, which was recently awarded the Private Placement "Deal of the Year" by Marine Money. The favourable placement is testimony to OLDENDORFF CARRIERS strong balance sheet and the bond issuance provides an excellent new platform of finance for the company.

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Transloader newbuilding arrives in Abu Dhabi

She was delivered from New Yangzijiang Shipyard on 16th March 2015. The vessel is an eco type 94,000 tdw post-panamax selfunloading bulk carrier with 3 x 52 tons SWL side-mounted heavy duty MacGregor cranes with 45 m outreach, deck mounted belt system and hoppers for a transloading throughput of 3,500 t/h, 2 boom conveyers, dust collection system, bow and stern thrusters and accommodation for 40 persons.
 
After her arrival, she was double banking with the “E.Oldendorff” off Abu Dhabi for commissioning purposes. She will be joined by its sister vessel MV “Antonie Oldendorff”, which is scheduled for delivery ex New Yangzijiang Shipyard in May 2015. Both ships will be engaged in long term transshipment contracts with various clients in the Arabian Gulf, primarily involving lightering of Capesize bulkers.

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WOC Membership

Oldendorff is proud to announce becoming a member of the World Ocean Council (WOC) since July 2014.

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Japanese Ultramaxes christened

A double namegiving took place at JMU's Kure site on 14th November 2014: Our two 60,500 tdw ECO Ultras MV "August Oldendorff" and MV "Alwine Oldendorff" were christened by Mrs. Rika Suzuki (wife of Asia Minerals head Hiro Suzuki) and Ms. Juleng Koh (member of the research team in our Singapore office). JMU currently offers the lowest consumption Ultramax design.

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Article in Drycargo International

Most people within dry cargo circles would probably know Oldendorff Carriers. The German private company has been in existence since 1921 and today owns and operates more than 500 ships. It is considered to be one of the largest dry cargo carriers and has 19 offices around the world.

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