Blumenthal Expands Fleet with Japanese Purchase
Johann MK Blumenthal, a prominent figure in the calamitous business of maritime acquisition, bolsters his fleet by purchasing a Kamsarmax bulk carrier from Japan’s Nissen Kaiun. The impressive vessel, the Lord Star, boasts 82,900 dwt and is notably fitted with a scrubber. After earlier speculations that this vessel could end up in Greek ownership, reports now reveal it went to Blumenthal. The Hamburg-based titan finalized the acquisition at an estimated $23.8 million.
Built in 2013 by Sanoyas, the carrier will be the latest addition to Blumenthal’s extensive fleet. The company controls 32 ships, primarily bulkers.
Bold Moves: Blumenthal’s Past Acquisitions
Around November of the previous year, Blumenthal made another notable acquisition from Doun Kisen. The company splurged $26.5 million on the 81,200 dwt 2016 Tsuneishi Cebu-built Lowlands Comfort. Notably, this vessel received a new identity thereafter, now known as the Bulldog. This purchase came after Blumenthal acquired two additional Kamsarmaxes from Japanese ownership just a year before. Interestingly, similar vessels, though nearly a decade newer, have been rumored to cost up to $10 million more.
Oldendorff Carriers: Making Waves In Industry
In other maritime marketplace news, Oldendorff Carriers have purportedly sold their 2022 Jiangsu New Hantong-built Kuno Oldendorff. The vessel has an estimated value of $31.4 million, but the transaction allegedly occurred around the ballpark of $33 million.
High-Tide in the Capesize Market
Elsewhere, the Capesize market has been bustling with activity. Japan’s Meji Shipping recently sold the 2011-built, 178,500 dwt AM Gijon. This transaction went to Nicholas Inglessis’s Alberta Shipmanagement for approximately $25.8 million, further underlining the appealing potential of such acquisitions in the maritime industry.
The blustering winds of the maritime market continue to drive exciting and high-stakes transactions. As always, industry leaders like Blumenthal and Oldendorff Carriers remain at the helm, navigating with confidence and strategic acumen.
