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

Bulk Carrier Trends

Diana Shipping Announces $53.5m Drawdown

Diana Shipping Inc. announces signing and drawdown of a $53.5 million term loan facility with BNP Paribas; announces time charter contract for m/v Nirefs with Glencore   Diana Shipping Inc.

Marseille Fos Unveils Multimillion Growth Strategy

The Marseille Fos port authority has set out a vision for growth over the four years to 2018 in a strategic plan that puts developments costing $560 million at

US Fleet to Pump $75m into Great Lakes Shipyards

U.S.-flag Great Lakes vessel operators plan to spend $75 million this winter to ready the fleet for the 2015 shipping season, the Lake Carriers’ Association (LCA) reported.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1343 sec (7 req/sec)