February 27, 2015 11:56 AM ET

Marine

Company Overview of Bocimar International NV

Company Overview

Bocimar International NV provides shipping of dry bulk goods, such as coal, ores, and grains. The company is based in Antwerpen, Belgium. Bocimar International NV operates as as subsidiary of CMB NV.

De Gerlachekaai 20

Antwerpen,  2000

Belgium

Phone:

32 3 247 59 11

Fax:

32 3 248 09 06

Key Executives for Bocimar International NV

Bocimar International NV does not have any Key Executives recorded.

Bocimar International NV Key Developments

Bocimar International NV, Golden Union Shipping Co S.A., Golden Ocean Group Limited and Star Bulk Carriers Corp. Form New Joint Venture Company

Star Bulk Carriers Corp. announced that Bocimar International NV, Golden Union Shipping Co S.A., Golden Ocean Group Limited and Star Bulk Carriers Corp. have formed a new joint venture company, Capesize Chartering Ltd. The new company will combine and coordinate the chartering services of all the parties. For the customers this represents the benefit of a wider geographic area in which vessels can be made available and with shorter spread between loading dates. For the shipowners the major benefit is achieving a reduction in costs, since always the best positioned vessel can be offered for a fixture of a cargo. This will reduce ballast voyages and associated running costs, notably in respect of bunkers. A reduction of waiting time and time spent in positioning the vessels will benefit the industry as a whole, in the form of reduction of ballast bonuses and demurrage payable by charterers/cargo owners, and a reduction of deviation, waiting time and idle time for the account of the shipowners.

Five Drybulk Shipowning Groups Join Forces to Create a Joint Venture Company, Capesize Chartering Ltd

Bocimar International NV, CTM (C Transport Holding Ltd), Golden Union Shipping Co S.A., Golden Ocean Group Limited ("Golden Ocean") -and STAR BULK CARRIERS CORP have announced the formation of a new joint venture company, Capesize Chartering Ltd. The parties operate in the highly competitive and fragmented Capesize industry, and neither party owns, controls or manages sufficient Capesize vessels to provide competitively priced bids and efficient trading and operations to serve its customers. The new company will combine and coordinate the chartering services of all the parties. For the customers this represents the benefit of a wider geographic area in which vessels can be made available and with shorter spread between loading dates.- For the shipowners the major benefit is achieving a reduction in costs, since always the best positioned vessel can be offered for a fixture of a cargo. This will reduce ballast voyages and associated running costs, notably in respect of bunkers.- A reduction of waiting time and time spent in positioning the vessels will benefit the industry as a whole, in the form of reduction of ballast bonuses and demurrage payable by charterers/cargo owners, and a reduction of deviation, waiting time and idle time for the account of the shipowners. Capesize Chartering Ltd. will commence operations in the second half of February 2015 from the existing offices of each of the five parties involved.

Bocimar Announces Unaudited Earnings Results for the Second Quarter and First Half of 2013

Bocimar announced unaudited earnings results for the second quarter and first half of 2013. For the quarter, the company reported loss for the period of USD 8,801. For the first half, the company reported profit for the period of USD 9,621 against USD 44,671 a year ago.

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