d’Amico to Launch Panamax, Kamsarmax Bulker Pools in Singapore

Italian shipping company d’Amico Group is looking into establishment of a Panamax and a Kamsarmax bulker pool in Singapore in the second half of 2016, the company’s management told the Kaiji Press (KP) while in Tokyo on March 10.

The intention builds upon last year’s launching of the new Medi Supra Pool Management Limited, also headquartered in Singapore, comprising 25 Supramaxes with the aim of reaching 40 units.

The company’s CEO Cesare d’Amico revealed that the pool is “achieving results exceeding the index by 20%.”

Pooling resources seems to be an attractive option for bulker owners at the moment as overcapacity and low rates in the dry bulk shipping sector bring about charter cancellations. What is more, recovery of the market fundamentals in the dry bulk sector is not expected until 2017.

Therefore, the launching date of the pools might be an indication of the expected market recovery. However, further details on the new pools’ specifications have not been disclosed.

d’Amico Group has 53 MR-type/Handysize PCs and 43 bulkers in its fleet, with a newbuilding orderbook comprising of 18 PCs including those to be chartered and 26 bulkers.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>


<< Apr 2019 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >