Houthis target ships in Red Sea, Mediterranean, and Arabian Seas Houthis target ships in Red Sea, Mediterranean, and Arabian Seas

Reports have been rife regarding Ince Shipping's quest for contemporary ships, with recent attention drawn to its failed attempt to secure a 2017-built Japanese ultramax vessel. Undeterred by setbacks, the active owner has now successfully finalized the acquisition of another ultramax vessel of the same vintage. The newly acquired ship, named Florentine Oetker and built in Imbari, Japan, stands as the company's most modern addition to date.

Valued just shy of $33 million, the purchase of Florentine Oetker underscores Ince Shipping's commitment to enhancing its fleet with state-of-the-art vessels. The ultramax vessel was previously owned by AO Schifffahrt, and its acquisition represents a strategic maneuver for Ince Shipping amidst its expansion plans

According to data sourced from VesselsValue, Ince Shipping's fleet comprises 10 bulkers on average, with an age averaging around 13 years. Established as a family-owned and managed enterprise in Istanbul back in 1967, Ince Shipping continues to make strides in the maritime industry, solidifying its position as a key player in the global shipping landscape.