Strengths & Key to Success

We operate by fully qualified, multilingual experienced personnel, Marine Engineers -Mechanical Engineers - Naval Architects - Electrical and Electronic Computer Engineer and Classification Specialist as well as ISM /ISPS Specialists. In an increasingly complex industry, we relieve the customer from the day-to-day burdens of operating ships.

Market timing: excellent market entry point while asset prices remain historically attractive in relation to freight rates, fundamentals, and long-term growth prospects.

Being a company with a strong and experienced management and operating team, we can have the flexibility to manage successfully through shipping cycles and take advantage of strategic growth opportunities currently available.

Potential impact of the Red Sea crisis: A growing number of vessels are diverting away from the Red Sea and transiting the Suez Canal and transiting via the longer route round the Cape of Good Hope. "We think in terms of tones miles growth it would be rather than 2% this year [2024] it would be 5% next year if that Suez Canal was closed off for the whole year,". This would suggest higher rates for the longer term if the issue in the Red Sea is sustained.

Remaining order book for bulk carriers provides favorable supply/demand balance and the need for consolidation especially within the Handymax sector.