AJ Rahman, CEO and founder Norvic Shipping and Jiro Nishikawa, firm president, Fujimaru Kaiun
Dry bulk operator Norvic Shipping has entered a long-term period-charter for a newbuild 64,000 dwt ultramax. The constitution deal was signed in Norvic’s New York City workplace with Japanese shipowner Fujimaru Kaiun, represented by its president, Jiro Nishikawa. Norvic was represented by group CEO AJ Rahman and COO and international head of chartering Michael Fenger..
The new 64,000 dwt ultramax, to be named Norvic Copenhagen, will transport dry cargo for patrons around the globe following its supply from Imabari Shipyard, Japan, in second quarter 2023.
“Norvic has decided to take newbuilding’s into our fleet of 125 vessels in response to our growing business and to meet our commitment to new environmental regulations such as the IMO’s Carbon Intensity Indicator (CII),” stated Rahman.
Chartering extra newbuilds from Japan on five- to eight-year phrases is a part of Norvic’s planning. The firm additionally goals to increase its fleet and diversify its service providing with the anticipated supply of two further Japanese handymax vessels on long-term charters by the top of 2023.
“Having rapidly established Norvic Shipping as a leading international dry bulk operator, we’re now focused on deepening our existing capabilities by building our own fleet, providing new services and further extending the company’s global reach,” Rahman added.
Norvic Shipping just lately secured a $42.5 million working capital credit score facility to finance its rising bodily presence in key markets.
