TradeWinds – Newport targets new handysize pool model

Chief executive Harald Lone is teaming up with long-time broker pal David Harvey on a new project that aims to consolidate owners in a ‘very fragmented market’

Andy Pierce London

Newport Shipping is drawing on an owner and broker relationship dating back three decades as it looks to launch what it claims to be the first global handysize bulker pool.

Newport chief executive Harald Lone is leading the new initiative for 25,000-dwt to 35,000-dwt vessels alongside experienced dry cargo broker David Harvey, now of Helm.

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All About Shipping – Newport Shipping introduces a new revenue sharing concept to the Handysize sector

ALL ABOUT SHIPPING, October 24, 2014 – London-based ship manager Newport Shipping has introduced a new revenue sharing agreement (RSA) conceptto the Handysize bulk carrier sector and will now market the scheme under Newport Handy Bulkcarriers.

The RSA concept, proven in the larger Supramax, Panamax and Kamsarmax bulk trades, has been introduced to satisfy a growing need for consolidation in what is an extremely fragmented Handysize market.

Speaking yesterday at a press event marking the scheme’s official introduction, Newport Shipping Chairman and CEO Harald Lone said: “We aim to build up a fleet of Handysize vessels which, through our operational expertise, will deliver greater freight yields to the participants.

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Ship Management International – “Purchase of supplies is long-term driven, rather than transactional”

With clients demanding extremely low costs yet a flexible approach at all times, ship suppliers face one of the most pressurized jobs in or industry and expansion and diversification are a must in order to keep afloat.

It’s easy to see how such pressures get passed down the chain and can be felt acutely by managers and their suppliers. Harald Lone, Chairman and CEO of Newport Shipping, a ship management company headquartered in London, said:

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Shipping and Marine – Getting Smart

The fusion of commercial and technical could make shipping more cost-effective, and the creation of a handysize pool could give owners a competitive edge.

With a shipping industry now just beginning to emerge from its longest ever recession, together with an increasing trend towards energy and environmentally-efficient ship operation, the time could be considered ideal for the launch of a new offering in green shipping.

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