Operating Amidst Zombie Shipowners, Intermarine Waits for an Inevitable Market Correction

"The rates don't reflect the true supply and demand situation," commented Intermarine's Operating Chairman Andre Grikitis in a recent phone call. His company operates 55 and owns four ships that transport project cargoes and break bulk items to and from nearly every port of the planet. His sector of the shipping industry is highly fragmented however.  As a result of … [Read more...]

SAL is Keeping Their Heavy Lift Ships Busy as U.S. Ex-Im Bank Hits Record Numbers

After signing a long term charter with Harren & Partner Schiffahrts for a pair of Type 116 heavy lift cargo vessels, SAL Heavy Lift is fortunately keeping their vessels quite busy.  MV Calypso and MV Amoenitas each with the ability to carry cargoes weight upwards of 900 metric tons, have their first voyages already booked solid, according to a statement today by SAL.  The … [Read more...]

Intermarine Orders 15 New Ships

Intermarine, the Houston-based project cargo carrier, has announced a plan to add 15 new ships as part of a fleet renewal program over the next three years. The ships will be built at Sanfu and Huanghai Shipyards in China and will be delivered between 2015 and 2017, according to a statement on the company's website. “As is our normal practice, we are partnering with … [Read more...]

Intermarine Is Taking a Hard Look at Africa, Brings in a Specialist…

Intermarine, a Houston-based project cargo and break bulk operator, announced today that they have retained the specialist skills of John O. Bomer IV to assist Chief Executive Al Stanley in the expansion of Intermarine’s Africa service. Prior to his arrival at Intermarine, John held the position of President and Partner for Consolidated Steamship Agency in Houston, … [Read more...]

Released From Venezuela, the MV Ocean Atlas Incident Highlights Disturbing Trend

After weeks of detention, the U.S.-flagged heavy-lift carrier MV Ocean Atlas has been released by Venezuelan authorities. The Ocean Atlas was boarded by local police, members of Venezuelas’ drug enforcement agency, and individuals claiming to be INTERPOL agents shortly after tying up in Maracaibo, Venezuela on Wednesday, August 29. The officials claimed that they had … [Read more...]