OceanFreight Company Description
Marine transportation company OceanFreight specializes in carrying dry cargo in a wet environment. The company operates a fleet of more than 10 vessels, consisting mainly of dry bulk carriers but also including oil tankers, with an overall capacity of about 1 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 September 2006; it bought its first vessels with proceeds from its 2007 IPO.
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The Company Description provides a historical perspective of OceanFreight's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of OceanFreight's evolution in the marketplace.
