Romeo investing again heavily on his core business
Nova Marine Carriers places an order for 18 mini-bulkers from his trusted Chinese yard
After greatly expanding the horizons of the business in recent years, focusing on the segments of Deep Sea and cement carriers, in partnership with outstanding foreign partners, Romeo, the shipowner born in Monte di Procida (Naples) is investing again heavily on his core business and ‘first love ' of Short Sea Shipping segment.
In fact Nova Marine Carriers has placed an order for 18 mini-bulkers from his trusted Chinese yard.
Zhejiang Xinle Shipbuilding has confirmed the USD150 million contract to build a dozen 6,000 dwt vessels and six 8,000 dwt vessels at Ningbo Xinle yard (with an option for 6 more), with the construction work of 8–10 bulkers expected to finish each year.
The shipyard will deliver the six 8,000 dwt vessels by the end of 2019, while the remainder of the ships will be completed by the end of 2020.
The smaller mini-bulkers are understood to be in the same category as ten K-class vessels that currently operate in the Nova Marine fleet, delivered a few years ago from Yangzijiang shipyard.
Romeo told Ship2Shore to have been ‘forced’ to order newbuildings having not found satisfactiory second hand tonnage on the market.
Nova Marine Carriers was established in 2009 by the Romeos, headed by Giovanni Romeo di Santillo and sons Vincenzo and Antonello, to focus on Short Sea Shipping and alike segments.
Their buoyant business has been supported by long standing relationship with Swiss-Italian steel trader Duferco and lately with Canada’s Algoma Central Corporation, both partners in some joint ventures.
At present Nova Marine Carriers controls over 70 bulkers of up to Supramax size and in 2017 they carried some 17 million tons of cargo.