The Wolfson Centre for Bulk Solids Handling Technology

Oldendorff tops VV list as SMM begins

(Posted on 03/09/18)

With one of the world’s leading trade fairs for the maritime industry, SMM in Hamburg this week, VesselsValue (VV) has put together an infographic looking at the best performing German owners since 2017 SMM. By comparing the every German owners' fleet value on the first day of SMM 2017 against today's fleet value, we can see the German fleets which have grown the most in value and in total number of owned vessels.

VV, provides instant and unbiased data that can be accessed from anywhere in the world, at any time. VV is used by the world’s leading commercial and investment banks, private equity, investment and hedge funds, shipowners and operators, lawyers, accountants, brokers, underwriters and more.

Oldendorff Carriers tops the list by growing their fleet by 22 vessels and increasing their total value by 716 million USD. Today their total fleet comprises 109 vessels worth 2.6 billion USD. Oldendorff have grown into one of the world’s leading dry bulk operators, with 4,000 employees from 60 countries, 18 offices and eight transshipment projects. Each year, Oldendorff carry about 320 million tons of bulk and unitised cargo around the world. They perform 14,000 port calls in 125 countries and on average, operate 700 chartered and owned ships at any one time.

In second place is MPC Containships, adding 52 vessels to their owned fleet in 12 months. An impressive addition, considering during SMM 2017 MPC fleet owned 14 vessels worth 95.8 million USD. Today MPC Containerships own 66 vessels worth 631 million USD.