Prominent visit in Houston

While MV AEC Ability II was discharging steel drilling pipes in the port of Houston, AEC’s CEO Mr. Madsen escorted a prominent Houston delegation to the vessel to experience what is happing in their own home port and onboard an AEC vessel.

A warm thank you to Captain Darko Turato and Crew for receiving everyone with great hospitality and for keeping our good vessel in an excellent condition.

Picture (From the left):

Mr. Sarofim, Mr. Kempner, Captain Turato, Mr. Lummis, Mr. Madsen, Mr. Seeligson, Mr. Mathis, Mr. Holstead, Mr. Stude and Mr. Curtin.


Ultramax or Panamax?

The traditional Panamaxes are facing competition from two sides. The Ultramaxes and the Kamsarmaxes are both newer popular designs. Depending on the restrictions involved in the various trades, the newer designs do threaten the standard Panamax vessels in their trades.

During the 2016 CMA in Stamford, CT, the CEO of AEC was asked what designs he thought would be the future designs in Dry Bulk.  Mr. Madsen was not in doubt when he in details explained why some of the new Bulk Carriers designs indeed would have a bright future over a longer period. Yes, the markets where extremely dull at the time (End February 2016) but it was still a question of keeping ‘the eye on the ball’. He outlined why Kamsarmaxes (81-86,000dwt), Ultramaxes (60-66,000 dwt) and Handymaxes (37-45,000 dwt), from good shipyards, would fair well over the next decades.

Pictured: AEC’s chartered Ultramax, MV Start Mistral – 63,306 dwt. The vessel loaded a cargo of bulk coal at Mobile, USA during the first week of May 2018.


AEC add special ‘Ultra’ Ultramax Newbuilding to it fleet

The Japanese Bulk Carrier, MV Christina, has been chartered on long term Time-Charter to AEC. The vessel is a special Japanese design with higher Deadweight that normal Ultramaxes. She delivered from Mitsui Yard in Japan and was sent on her first employment to load grain in Vancouver, BC for discharging in Japan.

‘We have a great interest in this special design of vessel’ says CEO Lars-Peter Madsen and continues ‘Our experience tells us that this is a great design and also the ultimate design for the Grain trade out of South America.’

The New Building has the following particulars:

66,653 Dwat on 12.925 m ssw

5 holds / 5 hatches

83,102 cbm grain cubic

4 x 30 mts cranes with 4 x 15 m3 grabs

Beam 36 m / LOA 199.99 m

True to its name, AEC maintains its competency in transporting Energy Products

Be it Coal or Petroleum Coke, AEC continues to be the trusted partner to meet the Marine Transportation requirements of our clients in the Energy Sector.

MV Falmouth Bay, the 58,616 deadweight Bulk Carrier built 2014, alongside in North Brazil.

52,500 mts of Bulk Coal being discharged into shore ‘hoppers’ and on to trucks.


Naresh Khandelwal – Operations