Oldendorff Centenary Book - Flipbook - Page 9
OLDENDORFF CARRIERS
PROFILE IN 2021
This book tells the story of our people and is dedicated to them.
From our roots as a small German ship owner 100 years ago, they
have created and developed OLDENDORFF CARRIERS, one of the
world’s leading dry bulk operators.
Each year, our fleet of more than 700 owned and chartered
vessels carries around 330 million tonnes of bulk and
unitised cargo across the oceans. As a specialist in spot
business, industrial contracts and offshore transshipment,
we focus exclusively on dry bulk logistics.
The company has about 4,500 dedicated employees from
60 countries, comprising over 900 office employees and
over 3,000 seafarers. Our customers often have very
particular shipping requirements; our bulk logistics
experts take pride in understanding their requirements,
in order to provide an optimised shipping service. In order
to achieve that, we have office employees based in 20
locations around the world. Our vessels trade globally
and make over 14,000 port calls in 118 countries each year.
The owned and bareboat chartered fleet usually fluctuates
between 100 and 150 vessels (including transshipment
assets); the balance is chartered in from other owners.
Our fleet transports about 330 million tonnes of bulk
cargo each year; primary cargoes are: iron ore, coal
and agriproducts. As of end 2020, the fleet of 730 ships
was roughly made up of 160 Capes and Babycapes,
220 Panamax and Post-panamax, 300 Ultramaxes to
Handies and around 50 transshipment units.
We have an excellent programme to encourage seafarers
to join as cadets with a clear path to becoming Captain
or Chief Engineer. Our seafarers and technical teams are
working diligently to maintain our very good record of
marine compliance and vetting.
Oldendorff Carriers maintains a conservative financial
position and low leverage. Our annual turnover typically
exceeds $5 billion and we have been profitable for the
past 13 consecutive years. Profits are not paid out as
dividends, but retained for future investments, so we can
pursue a long-term counter-cyclical strategy.
We recognise that clean oceans and clean air are vital
for our survival, both as a company and as individuals.
Since 2013, Oldendorff has invested $3 billion in 90 new
“eco vessels”, which have fuel-efficient and reduced
greenhouse gas emission engines and a number of
fuel-saving devices to reduce consumption and carbon
emissions. Today over 95% of the Oldendorff fleet, and
most of our chartered vessels, are “eco” type vessels.
We have a dedicated team working on ways to meet and
exceed new environmental regulations in shipping.
Oldendorff Carriers also offers its customers tailor-made
offshore bulk transshipment solutions in 10 locations.
This enables our clients to reduce transportation costs
by using larger and more efficient vessels to load and
unload at ports where restrictions would normally
prohibit large vessels. Since 2002, the company has
invested about $600 million in transshipment equipment
and has transhipped over 200 million tonnes of bulk cargo.
As the company has grown tenfold over the last 25 years,
we have reorganised multiple times to accommodate the
growth. Our people are our greatest assets, our teams are
set up to maximise support for our commercial activities.
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