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

Bulk Carrier Trends

Scrap Metal Exporter Pens Terminal Agreement

Port Canaveral Scrap Terminal LLC (PCST), a bulk ferrous scrap exporter, has signed a lease with the Canaveral Port Authority to operate a terminal in the north cargo area at Port Canaveral.

US Rail Jams Force Rush to Roads and Rivers

U.S. coal-burning power utilities are being forced to turn to barges and more expensive trucks to move coal, desperate to shore up stockpiles left dangerously low

Latest Ocean-Going Shipbuilding Orders

Clarkson Hellas notes in its latest 'S&P Weekly Bulletin' shipbuilding orders placed in the dry bulk, tankship, gas carrier and containership sectors, as follows: Dry

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair 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: 4.6142 sec (0 req/sec)