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Oldendorff Carriers Joins Green Corridor Consortium

Oldendorff Carriers has signed a Letter of Intent (LoI) with BHP, Rio Tinto, Star Bulk Carriers and the Global Maritime Forum, to jointly assess what is required to facilitate a viable green corridor on the Australia to East Asia, iron ore trade route. The group was brought together through their shared ambition and engagement in the Getting to Zero Coalition. The consortium partners each represent parts of the value chain and bring key perspectives into investigating commercial elements needed to decarbonise this trade route.

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Biofuel trial voyage from Australia

A trial voyage using biofuel for the CBH Group, the largest agricultural co-operative in Western Australia, is being performed on the Edwine Oldendorff from Australia to Vietnam. The vessel loaded 30,000 tonnes of sustainably certified malting barley from the Albany Grain Terminal in Western Australia for discharge in Vietnam using biofuel, supplied by BP. The vessel was bunkered with an advanced biofuel blend, which is expected to result in 15% emissions avoided compared to conventional fossil fuels, according to the supplier.

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Agreement to Reduce Supply Chain CO₂ Emissions

Teck Resources Limited ("Teck") and Oldendorff Carriers (“Oldendorff”) today announced an agreement to employ energy efficient bulk carriers for shipments of Teck steelmaking coal from the Port of Vancouver to international destinations, reducing CO2 emissions in the steelmaking coal supply chain. This industry-leading initiative is expected to achieve a CO2 emissions reduction of 30 - 40% for shipments handled by Oldendorff. The estimated savings can be of up to 45,000 tonnes of CO2 per year, equivalent to removing nearly 10,000 passenger vehicles from the road.

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New series of Kamsarmaxes ordered at Hantong Shipyard

This summer, we signed another two batches of newbuilding contracts for a series of eco Kamsarmaxes with our friends at HANTONG Shipyard. The orders are for 5 firm vessels and 7 options. The firm and optional vessels will deliver between July 2022 and September 2023. Some of them have been resold to another owner. So far this year, OLDENDORFF CARRIERS has acquired 16 vessels and holds 7 options.

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Post Panamax, largest vessel to load logs from New Zealand

A deal has been finalised that will soon see the largest vessel to ever call at New Zealand for the loading of logs. Not only will this be the biggest vessel to load logs from New Zealand, loading a gearless ship is also a first for the New Zealand log export industry. Our objective is to make the supply chain as efficient as possible while maximising port throughput, as well as minimising the environmental footprint from the transportation of logs. The first vessel to load is scheduled to be the MV Clemens Oldendorff 92,759 mt deadweight, which is due to load from Tauranga at the end of October, or early November 2021.

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Fresh deals concluded with our Japanese business partners

OLDENDORFF CARRIERS is pleased to report, that a few more deals were entered into in Japan, leveraging our strong ties with Japanese business partners. Our operated fleet of around 750 vessels includes 34 ships of all size classes on long period charter from Japanese ship owners, many of whom have a long term relationship with us.

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First biofuel trial of an ocean-going vessel in Singapore

Oldendorff Carriers (OC), together with global resources company BHP, advanced biofuels pioneer GoodFuels (GF) and with the support of the Maritime and Port Authority of Singapore (MPA), has successfully conducted the first marine biofuel trial involving an ocean-going vessel bunkered in Singapore.

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New investments for our fleet

Earlier this year, OLDENDORFF CARRIERS has ordered two 61,300 Ultramax Newbuildings for delivery July 2022 and acquired two 93,000 tdw Post-panamaxes in separate transactions, in addition to the recent sale of "Lily Oldendorff" (38,000 tdw, built 2017 at Avic Weihai). These transaction and ships, that were recently taken on period charter, makes Oldendorff Carriers’s fleet under operation to exceed 750 vessels.

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Wind propulsion for Dry Bulk Carriers

Oldendorff Carriers (OC) has signed a Joint Development Project (JDP) with Anemoi Marine Technologies (Anemoi), Lloyd’s Register (LR) and Shanghai Merchant Ship Design and Research Institute (SDARI) to develop a wind-assisted propulsion solution for Dry Bulk Carriers. The project, scheduled for completion in 2022, breaks down significant barriers for the installation of rotor sails technology and paves the path for commercial-ready applications across the industry in the short-term.

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IHM completed and fully digitised

Oldendorff Carriers has completed the implementation of a certified Inventory of Hazardous Material (IHM) across the entire fleet. This development has been finalised ahead of the regulatory EU deadline. Looking beyond what it is mandated in the IHM legislation, we have implemented a fully-digitised solution for the IHM maintainance that removes the administrative workload from our crews and enhance our fleet’s efficiency to comply with IHM regulations.

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First of four Hantong Newcastlemaxes named

With M/V “Henry Oldendorff” named by Ms. Wei of ICBC Financial Leasing (Beijing) today, we have completed the first of four newbuildings to be delivered from Hantong Shipyard in China between now and late summer 2021. When the last vessel is delivered, we will have built a total of 19 ship at this shipbuilder since 2019, consisting of 12 Kamsarmaxes and 7 Newcastlemaxes. Other newbuildings to join our fleet are the two specialized Transloaders for deployment at the Vietnam transshipment location.

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Ultramax sale takes cooperation with CDBL to 25 ships

We are pleased to confirm, that we agreed a deal to sell 6 of our Ultramaxes to China Development Bank Leasing (CDBL) with floating bareboat charter back. This sale means, that we now have done 25 transactions with CDBL, with whom we enjoy an excellent cooperation.

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Newbuilding programme in full swing

Oldendorff Carriers has taken delivery of a total of 23 bulk carrier newbuildings since 2019. Our newbuilding programme is still in full swing and by 2021 we will - in addition to our own ships - also have taken delivery of another 16 newbuildings, which we had agreed to charter long term from other owners. Furthermore, from 2013 onwards our S&P desk has done a total 226 transactions (buying and selling) for second hand vessels, newbuildings and newbuilding resales.

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Tata Power & Oldendorff Carriers sign Capesize package deal

Oldendorff Carriers and Tata Power have announced a comprehensive package deal involving the acquisition of 3 Capesize bulk carriers at an en bloc price of US$ 212,7 M. The agreement includes the long term contracts of affreightment for the transportation of cargo to India.

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Our business continues fully operational

Our email addresses remain the best way to contact us. All employees mobile contact details can be found in the Finder on our website. We continue to be fully functional and available.

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Successful salvage operation

In August 2019, Oldendorff Carriers received the petition of supporting the MV Hispania Graeca to salvage its cargo of 61,800 MT of Soya Beans. This has been another successful salvage operation carried out by Oldendorff, which demonstrates how our “one-stop shipping” service is ready to cater almost immediately any bulk transportation requirement

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Four Namegivings planned for Japan

Four newbuildings out of five, which are currently under construction at Oshima in Japan, will be christened within just two hours in March 2020. At the same time we will celebrate decades of close cooperation with Japanese shipyards, namely Oshima, well-known for its super-eco bulk carrier designs.

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Members of the Getting to Zero Coalition

Oldendorff Carriers is pleased to announce its membership in the Getting to Zero Coalition. The Coalition is an alliance of more than 100 likeminded companies and organisations within the maritime sphere, supported by key governments and IGOs. All members of the Coalition are committed to achieving the vision of decarbonizing in shipping and meeting the IMO targets.

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Oldendorff signs agreement with MIT on ship design

In our quest to make our vessels more green and economical, Oldendorff Carriers has signed a research agreement with the Massachusetts Institute of Technology’s (MIT) Center for Bits and Atoms (CBA). Oldendorff, together with CBA and its campus collaborators including MIT's Sea Grant Program, will investigate disruptive improvements in ship design and propulsion to achieve the IMO 2030/50 requirements.

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Oldendorff Carriers delivers cargo to BCPCL in Bangladesh

Oldendorff carriers signed a Contract of Affreightment with ‘BCPCL’. Oldendorff will provide a full transportation solution to BCPCL, which includes cargo transportation from Indonesia or Australia with transshipment in Andaman & Nicobar to Payra, Bangladesh. The cargo transshipment will allow BCPCL to take advantage of lower freight costs using larger vessels to Andaman & Nicobar, and smaller vessels will deliver the cargo to BCPCL, due to draft restrictions at Payra port. The expected quantity of cargo to be shipped will be between 3.8 – 4.5 million mts per year, for a period of 5 years.

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Lydia Oldendorff sets record at Puerto Bolivar and Antwerp

The Lydia Oldendorff (207,562 tdw built 2015) has set a record as the largest vessel to load coal at Puerto Bolivar, Colombia. The Newcastlemax vessel has a length of 300 metres and a breadth of 50 metres and was loaded on a trial cargo draft of 17.5 metres. The cargo loaded is destined for Flushing, Netherlands, where it will again be the largest vessel to enter the port.

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Wide Range of asset deals with yards and leases in China

During the last 12 months, Oldendorff Carriers have been able to complete a total of 23 deals with 3 Chinese leasing companies. None of these deals involve lease finance. The charters we provided are market related and mostly on a floating index rate basis. The 10 Capes and Kamsarmaxes will all be equipped with scrubbers, eight of them with open loop scrubbers and two of them with hybrid scrubbers.

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Improving the environment with LED

Oldendorff Carriers has started to equip our entire fleet of bulk carriers with efficient and environmentally friendly LED lights. Over the last year, we have done a series of trials to analyse the performance of different LED manufacturer’s lights, including intensities and colors.

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Oldendorff Carriers implements Ship Recycling Regulations

Oldendorff Carriers has entered into an agreement with GSR Services and Korean Register (KR) for the development and certification of Inventory of Hazardous Materials (IHM) for their fleet for meeting tight EU - deadlines.

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