Bocimar and Zodiac Maritime Reportedly Near Alliance

Thursday, June 21, 2001
Bulk shipping giants Bocimar and Zodiac Maritime are close to forming an alliance that would control nearly a third of the world Capesize market, according to London broking sources.

Shipping sources said that although the rumors had been circulating the broking community for months, London shipbrokers had recently returned from a social event in Belgium, where Bocimar is headquartered, full of talk of an agreement.

A source close to Zodiac's London office confirmed that talks were in progress. "We've been talking to them since January, but as yet there's nothing concrete," he said.

Zodiac, part of Israeli group Ofer Brothers, declined to comment, as did Bocimar, which is part of Belgium's CMB Group.

"Yes, we've been in talks - we've been in talks for 25 years, and yes, we've been talking to Zodiac for 15 years," Managing Director Marc Saverys reportedly said.

Brokers said that an alliance between the two companies would tie up Bocimar's 40-50 Capesizes with Zodiac's 30 Capesizes. The pool of 70-80 ships would enjoy a dominant position in the world spot fleet of 200-250 vessels.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Cargill: 50,000T of Sugar Affected by Brazil Fire

Approximately 50,000 tonnes of sugar were stored in a warehouse affected by fire in the Teag terminal in Brazil on Monday, Cargill Inc said in a statement. The terminal,

Simushir Under Tow by Barbara Foss

Foss Maritime's ocean-going tug, the Barbara Foss, is towing the Russian cargo vessel, Simushir, which lost power late Thursday night off the west coast of Haida Gwaii.

Vancouver Welcomes Bulker on Her Maiden Voyage

The Port of Vancouver USA welcomed the M/V Jobst Oldendorff, commanded by Capt. Baisie of Ghana, on her maiden voyage October 16. Capt. Baisie and his 21-member

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0930 sec (11 req/sec)