OceanFreight Inc. · Athens Greece ·(NASDAQ (GM): OCNF)
Company Description
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This link will open in a new window Marine transportation company OceanFreight specializes in carrying dry cargo in a wet environment. The company operates a fleet of about a dozen vessels (consisting mainly of dry bulk carriers, but it also includes a few oil tankers), with an overall capacity of about 1.2 million deadweight tons (DWT). Its vessels, acquired second-hand, are deployed on medium- to long-term charters and are managed by third parties. Customers use OceanFreight's dry bulk vessels to carry cargo such as iron ore, coal, and grain. OceanFreight was formed in 2006 and bought its first vessels with proceeds from its 2007 IPO. To read the full description, subscribe now.
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Key OceanFreight Inc. Financials
| Company Type | - NASDAQ (GM): OCNF |
| 2008 Sales (mil.) | $157.4 |
| 2008 Employees | 5 |
OceanFreight Inc. Executives
7 executives listed for OceanFreight Inc.'s Athens, location.
| Title | Name & Bio | Contact |
| Chairman | John Liveris | Network |
| President, CEO, Interim CFO, and Director | Anthonis Kandylidis | Network |
| Chief Accounting Officer and Treasurer | Solon Dracoulis | Network |
Competition
Competitive Landscape for OceanFreight Inc.
Demand is driven by macroeconomic trends in global imports and exports. The profitability of individual companies depends on efficient operations and a good safety record. Large companies have advantages in fleet size and port access. Small companies can compete effectively by chartering services out of smaller ports and transporting unusual cargo. Average annual revenue per worker for a typical company is nearly $500,000. The global shipping industry transports over 90 percent of the world's total commerce, according to the International Shipping Federation (ISF). Deep sea shipping is a highly competitive industry; however, competition from other forms of transportation is limited. To read the full description, subscribe now.Top OceanFreight Inc. Competitors
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