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Marenave Schiffahrts AG Improves Results against Market Trends
Hamburg, Germany, 18.11.2011: Marenave has published its Interim Report for 30 September 2011 The bottom line is a consolidated net profit of EUR 2.4 million for the first nine months of the year, which represents a further gain compared to the half-year results, even in an increasingly difficult market environment.
For further information please read
the press release.
Hamburg, Germany, 17.06.2011: Following the recommendation of the Executive Board and the Supervisory Board, the shareholders of Marenave Schiffahrts AG, a joint stock corporation under German law, resolved at the Annual General Meeting on June 15, 2011 to carry forward the net retained profits of EUR 9.8 million as of December 31, 2010 to new account. Moreover, the Executive Board was authorized to issue participation certificates (“Genussrechte”) within the next five years.
For further information please read
the press release.
Hamburg/Yanghzou , 05.05.2011: 2011 Marenave Schiffahrts AG has concluded its vessel new building series and has taken over the fourth supramax bulk
carrier from the shipyard. Built at Yangzhou Guoyu Shipbuilding Co. Ltd. in China under hull number GY 430, the MV “MARE TRACER“ will enter into a five year time charter with Hanjin Overseas Bulk Ltd. – a subsidiary company of Hanjin Shipping Co., Ltd., one of the leading shipping companies in the world, headquartered in Seoul.
For further information please read the
press release.
Hamburg, Germany, 29.04.2011: Marenave Schiffahrts AG has published its annual report for the year 2010. Given the turbulence in the international capital and shipping markets, the company still recorded a consolidated net loss of EUR 3.69 million for the full year of 2010. But this nevertheless represents a significant improvement over the results at the end of the third quarter of 2010, and in the fourth quarter of 2010 the company achieved a consolidated net profit for the first time since the outbreak of the crisis. Marenave Schiffahrts AG expects this trend to continue.
In the 2010 financial year just ended, Marenave Schiffahrts AG was able to improve the results of operations with the commissioning of the two Supramax bulkers MS “MARE TRANSPORTER” and MS ‘MARE TRADER.” In particular, the long-term time charters negotiated for these vessels will have a positive effect. Two further newly constructed bulkers that are to be delivered in the first half of 2011 and that are also covered by long-term charters will further improve our overall result.
For
further information please read the Press Release.
The full annual report can be found here. For the German version please see here.
Hamburg, Germany, 19.01.2011:
On January 6th, 2011 Marenave Schiffahrts AG has taken over the third out of a series of four supramax bulk carriers from the shipyard. Built at Yangzhou Guoyu Shipbuilding Co. Ltd. in China under hull number GY 429, the MV “Mare Traveller” will enter into a five year time charter with Hanjin Overseas Bulk Ltd. – a subsidiary company of Hanjin Shipping Co., Ltd., one of the leading shipping companies in the world, headquartered in Seoul.
For further information please read the
press release.
Hamburg, Germany, 15.09.2010:
On September 14th,
2010 Marenave Schiffahrts AG has taken over the MV "Mare Trader" the
second out of a series of four supramax bulk carriers from the shipyard.
Built at Yangzhou Guoyu Shipbuilding Co. Ltd. in China under hull number
GY 428, the MV "Mare Trader" will enter into a three year time charter
with Hanjin Shipping Co., Ltd. Hanjin Shipping Co., Ltd. is one of the
leading shipping companies in the world, headquartered in Seoul, Korea.
The series of four bulk carriers was ordered by Marenave Schiffahrts AG
back in 2007. The vessels have a deadweight capacity of 57,000 tdw,
length of 189.99 mtrs, width of 32.26 mtrs, draft of 11.3 mtrs and a max
speed of 14.2 knots.
For further information please read the
press release.
Hamburg, Germany, 28.06.2010:
On June 24th, 2010
Marenave Schiffahrts AG has taken over the first out of a series of four
supramax bulk carriers from the shipyard. Commissioning of the vessel
and delivery to the Charterer took place on June 28th, 2010. Built at
Yangzhou Guoyu Shipbuilding Co. Ltd. in China under hull number GY 427,
the MV “Mare Transporter” will enter into a three year time charter with
Hanjin Shipping Co., Ltd. Hanjin Shipping Co., Ltd. is one of the
leading shipping companies in the world, headquartered in Seoul, Korea.
For further information please read the
press release.
