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Oldendorff sells three CSL Pool self-unloaders to Algoma for $100.5m

Oldendorff has sold three self-unloaders to Algoma for $100.5m effectively exiting the CSL Pool.

Marcus Hand, Editor

January 21, 2019

1 Min Read
Kalyakan - stock.adobe.com

Oldendorff has sold its three remaining self-unloading vessels operating in the CSL Pool - Sophie Oldendorff, 70,037 dwt, built 2000; Harmen Oldendorff, 66,188 dwt, built 2005, and Alice Oldendorff, 50,259 dwt, built 2000 – to Algoma which is also a partner in the pool

Algoma is paying $100.5m for the three vessels which will deliver by the middle of the year. Following the sale Algoma will have eight vessels operating in the CSL Pool and CSL will have 10, with Oldendorff effectively exiting the pool.

After the sale Oldendorff will have 10 self-unloaders in its fleet plus two newbuilds destined for a 25-year contract for NSPC2 in Vietnam.

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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