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Commercial Management

Our Commercial Advantage

One of Affar’s key advantages is its close ties with respected Charterers that employ our vessels.
The company has strong established relationships with some of the industries leading groups:

Major grain houses including ADMI, Bunge, Cargill, Dreyfus, ECTP, and COFCO.

Top tier operators including Norden, Oldendorff, Ultrabulk, Cobel fret, Crystal Seas, and others.
These trusted relationship provides Affar with preferential access to off-market cargoes and period contracts.
Commercial focus and expertise on the Panamax segment allows us to select the correct market timing to secure employment.
Sector Analysis

Dry Bulk

Handysize

100,000 dwt and above

Steadier asset values.
Steadier chartering market.
High counterparty risk.
Very flexible trading,
High numbers of players.
Period market more limited.
No FFA market.

Supramax/Ultramax

45,0000-67,000 dwt

Medium volatility asset values.
Medium volatility chartering market.
Medium counterparty risk.
Low liquidity FFA market.

Panamax/Kamsarmax

70,000-95,000 dwt

High asset volatility.
High chartering volatility.
Low counterparty risk.
Period market sufficient.
High FFA liquidity.
Medium trading flexibility.

Capesize/VLOC

100,000 dwt and above

Very high asset volatility.
Very high chartering volatility.
Very low counter party risk.
High FFA liquidity.
Very limited trading flexibility.

Our Historical Performance

Fixtures

Our MD, Francesco Melachrinos, has over 3,000 fixtures concluded in the gearless bulk carriers sector.

Sales

A history of 60 sale and purchase transactions in dry bulk with over $160 million invested.

$
Million

Over $20 million raised in equity for shipping investments in 2025 from the Norwegian and UAE markets.

%
Investments

Our Panamax investments have overperformed the Baltic Kamsmarmax Index by over 30% in the last 8 years.

%
Investment

Our investment in May 2025 (MV Oak Anton 75/05) has already provided an IRR for about 16% for this year, while its asset price has increased by 12%.