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28 May 2018 The on-line newspaper devoted to the world of transports 03:17 GMT+2

September 5, 2017

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Original news
Shipping Aegean Management will enter in the field of the marine bulk transport
sand banks
Order for the four construction of Kamsarmax more other four in
the Greek company Shipping Aegean Management has announced the just next income in the field of the marine transport of bulk sand banks having ordered to the Chinese ship yard Cosco Zhoushan of the Cosco Shipping Heavy Industry Co. the construction of four ships portarinfuse Kamsarmax of 82.000 gross capacities in tons with options for two series of others two ships of the same type each, for a total of eight to rinfusiere.

the new ships will be taken in delivery beginning from the second half of 2019.

Shipping Aegean Management has specified that the income in the market of dry the bulk coincides also with the constitution of the spin-off Aegean Shipping Dry Bulk. "We have decided now to enter in the field of dry the bulk - it has explained chairman of the Shipping Aegean Management, George Melissanidis - in order to carry out an investment, benefitting us of the historically low levels of the constructions meanwhile, considering that this field is on the road in order to record a sustainable resumption beginning from 2018-19. We believe that this is the just moment for the income and is very pleased to collaborate with our partner to the Cosco Shipping in this exciting enterprise of the Shipping Aegean Management. I am convinced that the Dry initiative Bulk will have smash hit".

Shipping Aegean Management has evidenced that the new ships will be taken in delivery when many analysts and observatories consider that the field of the marine bulk transport sand banks will show a resumption, with an increase of the hires and of the traffics and a contemporary increase of the demolitions of old ships.

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