Norvic Shipping becomes a ship owner and expands tanker division
Norvic Shipping
Norvic Shipping is a leading international operator of modern dry bulk vessels.
?Company revisits its heritage in the tanker sector by acquiring an Aframax LR2 tanker Pro Alliance
Norvic Shipping today announces the expansion of its tanker division as part its ambitious growth strategy.?
To kick-start its growth plans, the New York-headquartered company has purchased Pro Alliance, an aframax LR2 tanker from SK Energy in South Korea. The acquisition of the vessel, which has been renamed Norvic Monia, sees Norvic owning its first ship outright, marking a strategic shift from an operator to owner-operator model. The financing of the vessel was arranged by RMK Maritime.?
While deploying Norvic Monia, a 105,348 DWT aframax LR2 vessel, on routes around the world, Norvic will consider buying more tankers to grow the fleet and to expand its tanker division.
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Meanwhile, the company is pushing ahead with plans to take delivery of three newbuild dry bulk vessels from Japanese yards, which have been taken on long-term charters. This includes two handymax vessels from Onomichi Yard and one ultramax from Imabari yard. All vessels will be delivered between Q3 and Q4 of this year. The company is also in talks to to take further newbuild dry bulk vessels on long-term charters.
Purchasing Norvic Monia marks a return to Norvic’s origins with the company launched as a tanker operator in 2006 in Canada. Since expanding to dry bulk in 2012, Norvic has grown into a US$1.3 billion+ turnover company.
“Going back to our roots and growing the tanker division makes strategic sense given the combination of the ongoing global need for crude oil and finished products and shortage of tonnage in the tanker sector,” commented AJ Rahman, Group Chairman and CEO.??
He continued: “Unlike dry bulk, the tanker segment is relatively stable with demand expected to grow faster than supply this year and next. Demand in 2024 for crude tankers will be up 4.5% to 6.5% from 2022, according to BIMCO, while supply is likely to fall 0.6%. Given the lack of new order book in the tanker segment, we believe the time is now to move into ownership.”
Founder PT Samarinda Ship Surveyor [email protected] cc [email protected] Free Consultation of Anything About Indonesia’s Ports, STS, loading / discharge system, regulations etc.
8 个月congratulation for the Norvic's tankers
Founder PT Samarinda Ship Surveyor [email protected] cc [email protected] Free Consultation of Anything About Indonesia’s Ports, STS, loading / discharge system, regulations etc.
8 个月Dear Norvic The Great, Good day. We propose competitive price with extraordinary survey efforts to protect your interest. PT. Samarinda Ship Surveyor is based in Samarinda, Banjarmasin, Surabaya, Gresik, Bahodopi, Ciwandan Cigading, Panjang, Belawan Kualatanjung, etc – Indonesia. 1). On - Off Hire Bunker & Condition. 2). Bunker quantity. 3). Cleanliness of Holds. 4). Loading / discharge supervisionof coal, grain, rice, corn, sugar, fertilizer, plywood, nickel ore, iron ore / fines, bauxite, steel products, coil, etc. 5). P&I and H&M matters. 6). Pre-Shipment. 7). Damage to goods / vessel. 8). Lashing. 9). Rice (etc) tally. 10). Draught. 11). Crane & grab. 12). Salvage supervision. 13). Crew recovery / repatriation. 14). Collision / repair. 15). Sealing. 16). Hatch cover opening. 17). Preentry / P&I Annual Condition. 18). Prepurchase. 19). Crane Performance 20). Etc Efcharisto poly, Blagodaryati mnogo, Spasibo, Xie xie, Dhanyavaad, Danke, Thankyou Best regards, Yusup Affandi Managing Director. Mobile +62813 157 157 70 [email protected] [email protected] Jalan Pesantren Blok G No. 3, Samarinda 75125 ?
Managing Partner at Abaca Research and Consultancy Services
11 个月Congratulations Norvic Group Wishing your organisation greater success. We too add value to the industry in many ways with focus on training. We have specialized in conducting SIRE 2.0 Courses / Workshops for over 1.5 years now with 300+ satisfied participants from different companies and international locations. Will be happy to conduct same for your organisation. Brgds Capt Gyanendra Singh +91 98202 40146 Abaca Research and Consultancy Services Mumbai
Claims Manager at Glencore Ltd.
1 年Congratulations!
MASTER MARINER, oil-chemical industry
1 年Congrats on new achievement