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The Simple and Often Forgotten Lessons of Shipping – How to survive and prosper since 1893.

Louis Dreyfus Armateurs (“LDA”) understands that while operating a ship is, in many respects, complex, success in shipping can be achieved by following a few simple rules and avoiding the hype. With its roots dating back to 1893, LDA today operates a fleet of drybulk vessels, consisting of 7 Capesize, 1 Panamax and 14 Handysize/Supramax vessels, through its wholly owned subsidiary, Cetragpa SNC. The fleet is smaller today as the company, consistent with its counter-cyclical strategy, sold 11 bulkcarriers over the 2005/2008 period, when the market was moving towards the peak. But, while they sold their ships, Cetragpa, nevertheless, enjoyed this prosperous period by taking ships in on long time charter and fixing them out again just prior to the crisis . Where you are in the cycle has to be in the forefront of one’s thinking in shipping. A simple look at the orderbook was the only clue that the company needed to execute a perfectly timed transaction.

This is only an excerpt of The Simple and Often Forgotten Lessons of Shipping – How to survive and prosper since 1893.

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