Denmark’s Alpina Chartering has taken a blow to its operated fleet by the decision of Dubai-based bulker owner Tomini Group to take commercial management of its fleet in-house.
Tomini owns almost all of the bulkers in Alpina’s 29-vessel operated fleet, spanning handysizes, kamsarmaxes and capesize bulkers.
This leaves a final vessel — the 37,394-dwt handysize Jessica B (built 2003) — which is ostensibly controlled by Alpina and technically managed by V. Ships.
The transition will happen over the next 12 months.
“As part of this transition, Tomini Group will assume full responsibility for all aspects of commercial management, including chartering, freight operations and client relationships,” Alpina said in a LinkedIn update on Tuesday.
“This decision reflects Tomini Group’s commitment to further enhancing its operational efficiency in line with its long-term strategic goals.”
Alpina said the transition will mark a new period of “growth and innovation” for both companies.
Roskilde-based Alpina employed 21 people as of April this year and is owned by members of the Kampmann family. Its CEO is Ken Kampmann.
The operator booked $25.5m in profit before tax for its financial year to 30 March 2023, down from $28.3m in the previous 12 months, according to the most recent documents available.
Tomini, which is owned by the Shaikh family, also has a fleet of over 100 post-war classic sports cars.
Alpina declined to comment when contacted by TradeWinds.
