Our first Hyundai Newcastlemaxes

17th October 2014

For the first time in our history, we have taken delivery of an owned Capesize newbuilding. "Linda Oldendorff" and "Lavinia Oldendorff" of about 207,600 tdw, were both delivered on their contractual date of 30th September 2014 ex Hyundai Heavy's new Gunsan yard.

They are part of a 6 ship series, that was ordered in March 2013 from the Korean yard. MV "Linda Oldendorff" is fully owned and was christened by Linda Oldendorff, one of the owner's daughters on 18th September 2014. Her sister vessel, MV "Lavinia Oldendorff" had been sold in June 2013 to our Greek shipowner friends Laskaridis Shipping / Lavinia Corp. with an up to 10 year BB charter back to Oldendorff Carriers. The namegiving was performed by Evi Lazhou on the same day. On fully laden draft, our Hyundai type is currently the lowest consumption Newcastlemax type in the market.

The other four sisters, MV "Leopold Oldendorff", MV "Ludolf Oldendorff", MV "Lydia Oldendorff" and MV "Luise Oldendorff" will be delivered between January and May 2015.

We have operated Capsize bulkers since 2005, have bought 2nd hand Capes and have taken delivery of several Newcastlemax newbuildings on BB charter, however  however M/V "Linda Oldendorff" is our first ever fully owned newbuilding in this segment.