Investments in shipping

R-Bulk KS

The shipping company R-Bulk KS, owned 75% by Centennial AS, owns and operates vessels in the bulker market. The company was acquired in December 2016, and Seven Seas Carriers is both partner in the company and the commercial manager of the ships. Seven Seas Carriers has great experience through operating a significant number of ships, all bulk carriers within the handymax segment.

The technical manager of MV Bonas is Fleet Management Ltd.

The fleet currently consist of three vessels:

MV Bonas  

Semi Open Hatch/Box Shaped 51.687 dwtHandymax.
For more information, click here.

MV Couga

Semi Open Hatch/Box Shaped 50.800 dwtHandymax. 
For more information, click here.

MV Yunga

Semi Open Hatch/Box Shaped 50.800 dwt Handymax. 
For more information, click here.

Recently, R-Bulk KS sold two vessels with great profit. The vessels sold were MV Radiance (42.529 dwt) and MV Rainbow (42.529 dwt), built in 1994.

Northern Product DIS

Centennial AS is one of the major shareholders, owning 18% in the company that has purchased the 11.260 dwt IMO II Ice-Class Product Carrier Meligunis M. The vessel is on a 8 - year bareboat charter.

Atlantic Pinara AS

Antlantic Pinara AS was established in 2017 and owns the Container vessel MV Pinara, operated by Atlantica Shipping. The 1.740 TEU vessel was purchased at ~52% discount to newbuilding parity. Container shipping fundamentals is expected to improve going forward. Centennial AS has subsribed for 10% of the shares.

Atlantic 2000 AS

Atlanic 2000 AS is arranged by NRP Finans AS, owning a Geared Container Feeder Vessels at 1.568 TEU Homogenous. Centennial has acquired a 12 % share of the company. 

Njord Julie AS

Njord Julie AS was established in late February 2018, and has purchased "Voge Julie", built December 2011, 36,000 dwt, Handysize vessel. The partners in the project is Njord Shipping, H. Vogemaan Reederei og Fearnley Project Finance. Centennial AS has contributed with approx. 20% of the equity. 

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Bloomberg Markets - Baltic Dry Index