AEC continues its expansion in the Far East transporting railway cars

MV AEC Belief, the recently acquired 33,540 dwat 2004 built bulk carrier, alongside at Qingdao, China loading her cargo of railway cars bound for Port Hedland, Australia.

Port Hedland is the world’s biggest bulk terminal with much of the demand coming from China. China’s recent increase in buying of iron ore is driving demand and the need to expand capacity has in turn led to an increase in infrastructure spending for port and rail facilities.

MV AEC Belief’s open hatch, box-shaped holds makes her an ideal carrier for such a cargo.

Rail Waggons load AEC Belief 2

 

AEC adds new long Time Charter vessel to the fleet

The 2011 Built 33,918 mt dwat Korean Built Bulk Carrier, MV Mardinik, has been added to AEC’s fleet under long term Time Charter.

‘MV Mardinik has good deadweight, draft, cubic and age for our cargo commitments and we look forward to a smooth collaboration with the vessel’s Commercial Managers Messrs Sealestial Navigation Co.’ say Jesper Lollesgaard, Chartering Manager in AEC, London. ‘We like the quality and specifications of these South Korean built vessels’ Mr. Lollesgaard continue.

MV Mardinik’s launching in 2011 at 21st Century Yard, South Korea:
http://www.youtube.com/watch?v=G0RCIezYGLU

AEC has already ordered the vessel on her first voyage under the AEC charter.
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Vessel short description:

MV MARDINIK
SD/BC BUILT 2011 MARSHALL ISLANDS FLAG
33,918MT DWAT ON 9.926M SSW
181/30M LOA/BEAM
23,322/11,202 GRT/NRT
5 HO/HA
4X30T CRANES
47,558.1 CBM GRAIN
45,180.2 CBM BALE
ABOUT 13.9KTS BALLAST/13.4KTS LADEN ON ABOUT 26.5MT IFO 380 CST + ABOUT 0.1MT MDO
ALTERNATIVELY
ABOUT 12.8KTS BALLAST/12.3KTS LADEN ON ABOUT 22MT IFO 380 CST + ABOUT 0.1MT MDO
IN PORT CONSUMPTION
IDLE ABOUT 2.8MT IFO + ABOUT 0.2MT MDO
WORKING ABOUT 5.8MT IFO + ABOUT 0.4MT MDO

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MV AEC Belief is delivered into AEC’s fleet

On the 16th August 2013 at 1615 hrs local time the Japanese built vessel MV AEC Belief was successfully delivered to AEC.

AEC has opted in flying Bahamas Flag being very much in line with the Groups domicile.

‘We are dedicated to support the local shipping community, so it was not hard to decide on the flag.  We have a good relationship with the Bahamas Maritime Authority and the intention is to register the future AEC vessels in Bahamas as well. Bahamas flag is well respected worldwide and especially within the Bulk Carriers segment’ says Thomas Mayr, Head of AEC S&P.

Everything went as planned and it was a pleasure to work with the first class Japanese sellers’ says Mr. Mayr continues.

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MV AEC Belief is briefly described as follows:

Bahamas Flag

Double hull/box holds

Built September 2004, Shin Kurushima

33,540 mt dwat on 10.032 m ssw

21,385 grt / 11,444 nrt

179.99 m loa / 28.2 beam

44,650.91 cbm grain / 43,790.60 cmb bale

4 x30 mts cranes

5 holds/hatches

CO2 fitted

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AEC concludes further New Building Contracts with another first class Japanese shipyard

AEC has successfully followed though with the strategy plan, creating a fleet of large Eco Bulk Carriers with modern specifications and double hull.

‘Hard work and dedication, in combination with corporate governance, has made it possible for AEC to reach yet another milestone’ says Mr. Thomas Mayr, Head of AEC’s S & P department . ‘Japan is, and will also in the future, be a very important market for our company’.

‘We are very particular with our vessels specifications and a huge amount of time and efforts are put into every project we are involved in. We are pleased that we have contract partners that understand and appreciate the need for professionalism when it comes to large acquisitions’ Mr. Mayr continues.

 

The AEC Chartering and Operations departments are very much involved in what is happening on the S & P side. We are constantly giving valid input’ says Mr. Jesper Lollesgaard, AEC’s Handysize Chartering Manager in London. ‘We are excited about the confirmed high specifications of the AEC fleet’ Mr. Lollesgaard continues.

cross section drawing - Imabari news

 

 

 

AEC load Supramaxes in the Persian Gulf destined for the Red Sea

The performance of a Supramax Cement Clinker contract from the Persian Gulf to the Red Sea is well under way. AEC has the internal knowledge and experience to provide first class service and ensure a smooth operation for such commodity and trade.

MV Grebe Bulker was one of the Supramaxes that have carried the Cement Clinker.

20130729_Grebe
Clinker consists of various calcium silicates, including tricalcium silicate (Ca3SiO5, also written CaO.Ca2SiO4) and dicalcium silicate (Ca2SiO4). Tricalcium aluminate and calcium aluminoferrite are other common components. These components are often generated in situ by heating various clays and limestone.

AEC signs Japanese New Building Contract

In line with the company’s strategy plan, AEC has signed a contract with a first class Japanese shipyard for the building of modern Eco Bulk Carriers.

‘We are extremely satisfied with the latest developments, which have now resulted in the contract signing’ says Mr. Thomas Mayr head of AEC’s S & P department. ‘The first steps have been taken towards the goal of creating an ultra-modern Eco AEC fleet. Our focus is on quality and efficiency in all respects and it is therefore not by coincidence that we have acted in Japan, being the world’s leading shipbuilding nation of quality ships.

‘The further terms and details of the contract remains private and confidential. We respect our contract partner and have no reason to go into futher details at this stage. However, I can say that the new Eco vessels will be a perfect match for AEC’s Dry Cargo business’ Mr. Mayr continues.

20130407_Eco-Bulk-Carriers3

AEC purchase a 2004 Japanese Handysize

AEC is aquiring a 33,500 dwat Japanese built Handysize Bulk Carrier with expected delivery/take over during end July/beginning August 2013.

‘Extensive work and efforts have been put into selecting this Japanese Handysize vessel’ says Mr. Thomas Mayr head of AEC’s S & P department. We are looking for second hand vessels with decent speed and consumption, specifications that are suitable for our trades and with a strong preference for Japanese vessels. The acquired vessel, that will be renamed MV AEC Belief, meet our requirements’ Mr. Mayr continues.

‘Our investors have showed the expected trust in AEC’s Management and it has therefore been possible to follow through with our strategy plan’ says CFO Eduardo de Paiva Sa Freitas and continues ‘ We currently have various interesting projects in the pipeline and look forward to some exiting years to come’.

AEC charters in Fednav vessel and also concludes further two charter deals with D.S. Norden

AEC chartered in Messrs Fednav’s vessel MV Federal Kibune (36,824dwt Built 2012) to carry a cargo of bulk wheat to from Sorel, Canada to Brazil.

With Messrs D.S. Norden, AEC chartered in MV Nord Soul (36,781dwt Built 2010) for a trip from the Mediterranean to Brazil and in turn chartered out AEC’s period vessel MV Four Diamond (34,53dwt Built 2011) for balance period.

‘We are pleased with the good relationships we have built around the world, which allow us to effectively arbitrate our requirements and fleet’ says Mr Jesper Lollesgaard, Chartering Manager at AEC, London.

20130502_FourDiamond

Mv Four Diamond

AEC is carrying bulk wheat from USA to Brazil on Nippon Steel/Shinwa controlled vessel

The MV Atlantic Treassure (33,401 dwt Bulk Carrier Bulit 2008) chartered from NS United Kaiun Kaisha (Nippon Steel/Shinwa) loaded 32,000 mts of bulk wheat in Houston, Texas, USA.

The cargo was discharged at Fortaleza, Brazil.

AEC is a major carrier of wheat cargoes for the Brazilian market.

20130427_Atlantic Treassure01
MV Atlantic Treasure alongside at Houston

20130427_Atlantic Treassure02
Spout loading in Houston, Texas

20130427_Atlantic Treassure03
Discharging equipment in Fortaleza, Brazil

20130427_Atlantic Treassure04
MV Atlantic Tresure alongside at Fortaleza

20130427_Atlantic Treassure05
Discharging wheat at Fortaleza, Brazil

Further expansion of AEC’s chartering team

Effective from the 15th of April 2013 AEC has engaged Mr. Andrew Thompson in the Chartering department. Mr. Thompson comes with decades of Drybulk Chartering experience and will work for AEC from London.

“We are pleased with Andrew as an addition to our Chartering team and believe he is the right match for AEC and for the expansion of our Chartering activities”, says CEO Lars-Peter Madsen. “With Andrew’s knowledge and experience we are further strengthening AEC’s strategically presence in London and our Chartering approach as a whole”