Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Handysize consolidation - Cetus Maritime merging with Nachipa Corp

Photo: Unsplash handshake-constantin-wenning-unsplash.jpg
Hong Kong headquartered Cetus Maritime is extending its strategy of consolidation in the handysize dry bulk sector through a deal with South American based Nachipa.

The move comes a little more than a year on from Asia Maritime Pacific and HBC, Cetus Maritime and by amalgamating with Nachipa the company is continuing to grow to be one of the largest private dry bulk Handysize players in the market.

Cetus Maritime has seen increasing  volumes of grains and minor bulks from South America, and new trades being developed between this region and the Far East. Nachipa, brings with it 75 years of experience and strong reputation trading in South America, represents the ideal partner, commented Cetus Maritime.

Cetus Maritime CEO Mark Young says “The fit with Nachipa was obvious to both sides from the start. For Nachipa, fleet scale is key to realising their business strategy. For Cetus, the Nachipa team is an impressive addition to our operational business, while the Nachipa vessels are accretive to our growing eco-fleet. As we have seen in the market over the past six months, consolidation is a key element to sustainable, successful growth. On the other hand, successful consolidation is all about the people. We feel that this is the right fit, at the right time.”

Nachipa Managing Director Felipe Simian, who will join the Cetus Maritime management team, agrees: “Since 1948, we have built our business on bespoke connections and a ‘glocal’ approach – fostering local relationships that enable us to deliver on a global level.  I see that same approach in Cetus Maritime, and I believe our unparalleled understanding of the Americas markets and our Hamburg office are invaluable additions to the Cetus Maritime business platform. I believe we will be stronger, together, and I look forward to taking this company to the next stage of growth.”

With the addition of Nachipa’s Japanese built, modern handysize vessels, Cetus Maritime’s fleet is now comprised of 75% eco-vessels.  

Once the integration is complete, the management team will look to additional growth opportunities, including acquisitions and consolidation.