Leading international operator of modern dry bulk vessels

Back to News

Handymax launch ceremony held in Japan

News 24 August 2023 Global

Senior figures from Norvic Shipping, the global dry bulk owner and operator, were in Japan recently for the launch ceremony of Norvic Singapore, a 40,000 dwt handymax being delivered by Onomichi Shipyard during Q4 of 2023.

The ceremony was attended by Amit Kumar, Commercial Director, Indian Ocean Business Unit; Hemant Tiwari, Commercial Director, Handy Pacific Team; and Ivonne Yang, Senior Operations Manager.

Operating on a long-term charter, Norvic Singapore is one of three ships joining Norvic’s fleet of dry cargo transportation vessels this year. On 4 August, the organization received Norvic Copenhagen, a 64,0000 dwt ultramax that was delivered by Imabari Shipyard during a handover ceremony in Japan.

The new vessels support Norvic’s strategy to acquire ships on long-term charters that meet rising demand from dry cargo owners for fuel-efficient maritime transportation.

A third ship, Norvic Houston, which was launched onto the water earlier this year, will be delivered by Onomichi Shipyard to the dry bulk organization in Q3 of 2023. Like Norvic Singapore, the vessel is a 40,000 dwt energy efficient handymax.

Commenting on Norvic’s growing fleet, AJ Rahman, Group Chairman and CEO of Norvic Shipping, said: “Despite the recent market turbulence caused by China’s economic slowdown, there is still good demand for dry cargo transportation vessels – particularly energy efficient ones as shipowners and operators looks to decarbonize their operations.

“Acquiring fuel-efficient vessels on long-term charters gives cargo owners the tonnage they require to transport their goods around the globe. And it makes life easier for us as a shipowner with access to our own vessels, giving us the flexibility to provide capacity to support clients’ needs.”