CHARTERING OFFICER/MANAGER GAS CARRIERS/TANKERS, Panamax Chartering Manager, Chartering Broker. These cookies are not loaded onto your machine until you a) create an account with us, or b) engage with this cookie banner to make your preferences known. One area Oldendorff is reluctant to discuss is succession. People 75 and older have a slightly lower average net worth of $977,600. Author Blessed Antwi. Cleo Anthony has a net worth of over 3-4m USD as of 2023. But it is Peter Twiss a Canadian who joined in the late 1990s whom Oldendorff attributes with introducing a bottom-up style of management. Another purchase in 1936 was a steamer built back in 1893 as George Mahn of 1,101 grt and renamed after his son Klaus, born in 1933. Hint: Try searching for a relative alive in 1940. By the end of the war, his small fleet of a dozen steamers had been reduced to only two by war losses. Transshipment, employing 800 people and involving eight projects around the world, has become an important division and one in which investment continues. TradeWinds is part of DN Media Group AS. His primary sources of earnings are acting, movies, Tv shows, commercials, endorsements, brand promotions, and other business ventures. In 2020, roughly 15,298,070 households about 11.8% of American households was a millionaire household. The family also dabbles very successfully in real estate, telecommunications and retail. The number of new jobs and the unemployment rate are regularly cited in the news, but theyre just part of the picture. He joined the shipping industry in the sixties when he started trading oil in Beirut, and bought his first tankers in the nineties. Oldendorff is owner and investor in Amplifier, which describes itself as a visionary company that supports creative entrepreneurs and applies contemporary technology in the shipping space. KNSM charters to the Caribbean saw them loading in 25 ports in the Caribbean, with other NDL charters for bagged coffee beans from Cabedelo near Pernambuco in Brazil. There are 24 military records available for the last name Oldendorff. Oldendorff is able to focus on those ventures while a professional management team in Hamburg and Amsterdam handles a fleet or more than 50 vessels. List of countries by the number of billionaires, https://en.wikipedia.org/w/index.php?title=List_of_Germans_by_net_worth&oldid=1124548484, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 29 November 2022, at 07:48. [13] The company planned to receive four new ships from Japan's Oshima Shipbuilding in March 2020.[14][15]. [3], Oldendorff Carriers is a wholly owned subsidiary of a family holding company, Egon Oldendorff. What is the top 1% household net worth? Within census records, you can often find information like name of household members, ages, birthplaces, residences, and occupations. any one time. They were laid up at Geltinger Bucht in the Baltic or Dubai in the Persian Gulf for many years until they were sold off in 1984 for a fraction of their enormous building costs. Oldendorff is owner and investor in Amplifier, which describes itself as a visionary company that supports creative entrepreneurs and applies contemporary technology in the shipping space. The Oldendorff Carriers network today is massive, spanning 18 locations worldwide and embracing including transshipment tonnage almost 700 owned and operated vessels. These days he is retired from the shipping world, but retains a whopping 53 percent of the company which specialises in sea and air freight as well as IT-based logistics. Net worth Source of wealth 288: Ernesto Bertarelli Switzerland: 8.6 billion: biotech, investments 358: Rahel Blocher Switzerland: 7.1 billion: chemicals 358: Magdalena Martullo-Blocher Switzerland: 7.1 billion: chemicals 451: Hansjoerg Wyss Switzerland: 6 billion: medical devices 502: Ivan Glasenberg Switzerland Australia South Africa: 5.5 . The 70 bulkers that the company ordered or purchased as resales with delivery dates between 2013 and 2020 are divided roughly equally between capesize (including newcastlemaxes and baby capesizes), panamaxes (including post-panamax and kamsarmax), ultramaxes and supramaxes, in addition to handysizes. [3], The Oldendorff fleet makes some 14,000 port calls in 60 countries, carrying about 320 million tons of bulk cargo and bulk goods a year. The original funnel colours of the fleet were black with a white EO on a blue band. Growth has been rapid since 2005, when 50 million tons was carried. Industry participants say chairman Henning Oldendorff was smart when he sold off most of his owned ships during the boom years up to 2008 while growing his chartered fleet to compensate by retaining his technical department to develop opportunities as they arose. We transship iron ore for steel clients in the Arabian Gulf, coal for power stations in Turkey, Bangladesh There are 112 immigration records available for the last name Oldendorff. It was $692,100 in 2017. Heres how the number of Black Americans in Congress has tripled over 30 years. Images reflecting an old rumor about the Rothschild Family's unimaginable accumulated global wealth hold . Climate change is the biggest challenge of our generation, Oldendorff wrote in the introduction to the report, published by the Sustainability in Business Lab at Swiss science and technology university ETH Zurich. Our 4,500 people are empowered to lead and provide the best possible service to our clients and partners. This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages. The couple's financial disclosure forms, which list their assets jointly, peg their net worth between $52 million and $759 millionnearly all of it in Kushner-related holdings. In 2013, Eyal donated 10m to the Tate Modern in London, for refurbishment purposes. Two engines aft North Sea traders were completed by the Unterweser yard at Bremerhaven in Imme Oldendorff of 2,712 dwt in 1953 and Hille Oldendorff of 3,200 dwt in 1956. While working with three shipyards in China, the focus was on designing a newcastlemax with similar fuel consumption as a regular capesize of 180,000 dwt, but that could carry 208,000 tonnes. Christians strong shipping pedigree saw him work at Nord in Hamburg and Cyprus, as well as with Teekay, Morgan Stanley, Maersk Broker, Bocimar and Deutsche Bank. Christian Oldendorff maps out routes to emissions-free shipping, Golden Generation is rewriting the rules of German shipowning, German shipping royalty rallies to back digital start-up ShipStock, Exposure to tech start-ups benefits shipping business, says Christian Oldendorff. And here's the median net worth of U.S. families based on the age of the head of household: Age 35 or younger: $11,100Age 35-44: $59,800Age 45-54: $124,200Age 55-64: $187,300Age 65-74: $224,100Age 75 or older: $264,800, Don't miss: How much money Americans think you need to be considered 'wealthy'. Google analytics cookies have a maximum lifetime of 2 years on your machine. Around 4,000[1] employees work for the company, including 210 at the company headquarters, nicknamed "The Dorff", and more than 100 in 17 branch offices in Copenhagen, Hamburg, London, Stamford, Singapore, Mumbai, Melbourne, Shanghai, Tokyo, Vancouver, Cape Town, Santiago, New Amsterdam, Trinidad, Hong Kong, Iskenderun and Dubai. The Depression years were just as severe in Germany as in England, with most of the six strong fleet laid up for long periods, particularly in the bad winter of 1932. Trade is an important part of the American economy and a key driver of many industries. His father Ludolf Oldendorff had been a banker and auctioneer, and at the age of 16 years Egon went to work on the farm of his uncle Gustav Schmidt-mann in the small village of Alsum. By Topic Get interesting facts related to Hisham Suliman, a theater artist, and actor. Please enable Strictly Necessary Cookies first so that we can save your preferences! Tell us where you're moving to and compare prices from up to 6 trusted removal companies to see how much you could save today. It is likely the twins drew inspiration from their 63-year-old uncle, Henning, who in the past two decades implemented ideas that built Oldendorff Carriers into Germanys biggest dry bulk company. Irene Oldendorff sank three miles off Borkum island on 31st December 1951 while carrying coke, and unfortunately all of her crew were lost. Wealth Profile. The net worth of a family is the total value of all goods and financial assets owned, including stocks, retirement savings, and physical assets such as homes and cars, minus debts owed, such as mortgages and student loans.The average family net worth in the US in 2019 was $748,800, an increase of 8.21% or $56,793 from 2016. Our site is reader-supported by clicking our links, we can match you with a potential supplier, and we may earn a small commission for this referral. They both were frequently sent up the St. Lawrence Seaway after its opening in April 1959, Dora Oldendorff making 33 voyages and Ludolf Oldendorff making 37 voyages on charter to Canadian Pacific. The top 20 percent of families have a wealth . This means that every time you visit this website you will need to enable or disable cookies again. The average life expectancy for Oldendorff in 1986 was 81, and 71 in 1992. Aside from his shipping interests he is also involved in mining, trading, real estate, hotels and publishing across much of South East Asia and Australasia. Of those 165 were Capesize, 206 Panamax, 178 Supramax, 111 Handysize and 56 used for transhipment. Although there is a perception that asset play is a big motivator, Jones says most ships are acquired to fit the companys trades and customers requirements. The yard was later sold. The veterans Nordstern, Nordland, Nordlicht, Nordmark, Nordkap and Nordfels had an average age of 34 years, with Nordfels being the former Burnett Steamship Company of Newcastle collier Towneley built in 1904 by Wood, Skinner of Gateshead. The 9 Countries With the Best Healthcare 2023. The technology is absolutely state of the art.. $294,000 (Assets) - $233,000 (Liabilities) $61,000 (Net Worth) Why You Need to Know Your Net Worth. Roux Lopez came into the limelight right after birth since her parents were WWE stars. Oldendorff Carriers has raised $220m over the past three years with long-term bonds in the US private placement market. Passenger lists are your ticket to knowing when your ancestors arrived in the USA, and how they made the journey - from the ship name to ports of arrival and departure. Government data from over 70 sources organized to show how the money flows, the impact, and who "the people" are. A veteran Dutch tramp of 6,320 dwt was purchased in 1951 and renamed Henning Oldendorff, having been built back in 1920 as Stad Arnhem at Dordrecht for Halcyon Lijn. Manoj Gadtaula. OLDENDORFF CARRIERS offers a wide range of positions on our bulk carriers trading around the world. Do not sell or share my personal information. The fall of a litigation dynasty. He is also the principal shareholder of Pacific Drilling, which went public on the New York Stock Exchange two years ago. Her sun sign is Sagittarius. A combined federal, state, local view of how funds flow in and out. The remaining 10 or so are outsourced, primarily for crewing, as a competitive benchmark. Owned ships currently total around 110 vessels, including around 50 transshipment units, some of which are tugs and barges. But he also has a good management team that he relies on heavily. In the late 1990s and early 2000s, operating and ownership came together. On this Wikipedia the language links are at the top of the page across from the article title. Jones estimates that typically 100 to 150 ships of all sizes are on index-linked charters, both time charters and bareboat, including newbuildings still to be delivered. We have built a "self-propelled" global network of commercially-driven managers and seagoing personnel, who support each other and share knowledge and resources. According to All Famous Birthdays, Paul Vallas has a staggering net worth of $5 million. The median net worth is $266,400. These cookies enable extended functionality on our websites which allow you to sign up for, and manage your account with Warships IFR as well as save your cookie preferences. The family has built its vast fortune on owning and operating container ships and ports, as well as being heavily involved in logistics, oil and gas. OLDENDORFF CARRIERS continues to deliver positive financial results and excellent operational performance. The Shluv family has an estimated net worth of $1.5 million. The 17 mainly aframax tankers, 11 handysize bulkers and 26 feeder boxships are owned by the Oldendorff family or by private individuals from Europe and the US. Like this story? The SSDI is a searchable database of more than 70 million names. On 10th January 1961 she arrived at La Spezia to be broken up. Increasing sizes of bulkers by 1967 with higher service speeds of 16 knots included Helena Oldendorff, Regina Oldendorff, Dietrich Oldendorff, Tete Oldendorff, Rixta Oldendorff and Bernhard Oldendorff of 54,110 dwt. She joined Oldendorff in 1950. The last three of nine SD14s built at Sunderland were also flagged out as Good Faith, Future Hope and Globe Trader, with Future Hope wrecked at Tomakonai in Japan on 26th January 1993 in a seriously bad position on rocks. Another veteran Dutch tramp, Winsum of 5,255 dwt, built in 1921 by the Antwerp Engineering Company at Hoboken with a triple expansion steam engine built at Sunderland for Vinke & Company, was purchased in 1953 and renamed Dietrich Oldendorff. The 3,720grt Klaus Oldendorff was built in 1920 by Vuijk at Capelle as the Hilversum for NV Stoomvaart Mij Oostzee. Occupation can tell you about your ancestor's social and economic status. Oldendorff Carriers' multibillion-dollar investment in ships will give it a 90% eco-friendly fleet and the benefits that flow from that environmental and fuel savings. Don't miss: The best credit cards for building credit, The Federal Reserve also looked at the mean and median net worth of U.S. families at different ages and found that "median and mean family net worth generally increase with age, with a plateau or modest decreases for the oldest age groups relative to the near-retirement age groups.". (See our one percent in America article if you'd prefer seeing all the ways you can break down the top 1%.). We are using cookies to give you the best experience on our website. The family stake is worth 630 million and the rest of his wealth derives from dividends and property in London and the south-west of England. We cannot run this network anymore with top-down management, says Oldendorff, who arrives at work casually dressed in smart jeans and open-neck shirt and, like others, enjoys panoramic views of Germanys maritime capital from one of the citys highest buildings. The most Oldendorff families were found in USA in 1880. Enter a total net worth to compare it to the net worth distribution in the United States. Age 75+. As a specialist in spot business, industrial contracts and offshore transshipment, we focus fully on drybulk logistics. Helena Oldendorff sailed from Emden with coal for Japan in April 1967 on a seven month world voyage. Like a window into their day-to-day life, Oldendorff census records can tell you where and how your ancestors worked, their level of education, veteran status, and more. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. Historically, surnames evolved as a way to sort people into groups - by occupation, place of origin, clan affiliation, patronage, parentage, adoption, and even physical characteristics (like red hair). Today, its fleet handles around 320 million metric tonnes of bulk and unitised cargo. Though your net worth will fluctuate over time, there are a number of tried-and-true methods for increasing your net worth, including: Pay off debt. [4] The fleet employs well over 2,000 sailors. Let us introduce you to the top ten richest shipping magnates today. By 1984, the fleet was composed of equal numbers of bulkers up to Panamax size, and break bulk ships, with also two VLCCs of 240,800 dwt completed in 1975 as Niedersachsen and Schleswig-Holstein that had disastrous trading results. On this Wikipedia the language links are at the top of the page across from the article title. Try one of the past calculators: DQYDJ may be compensated by our partners if you make purchases through links. They inherited Nord in 2013, a decade after their father, Klaus E Oldendorff, who ran the company from Cyprus, died aged 69. Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Data What is carbon capture and storage? Next Post. But by 2022, it had risen again to US$3 billion with his new social media network Truth Social contributing to the figure by US$430 . Our longer writeup is in the net worth average, median, and percentile post. Described as the perfect businessman, Kuok bought the rights to bottle Coca-Cola in China in 1993, so his staggering fortunes isnt purely down to shipping by any means. In 2020, average household net worth in the United States was $746,821. counter-cyclical strategy. With 4,500 employees from 60 countries, 21 offices and 11 transshipment projects, we can cater for your bulk He says the company has relationships with a combination of German and international banks, and has not been noticeably affected by some banks in its home country withdrawing from ship finance. The Oldendorff family name was found in the USA, and the UK between 1880 and 1920. [5], The fleet grew rapidly in the early 1950s due to the Korean War. Robert Miller and. March 1, 2023 1 Min Read. Oldendorff Carriers is a family owned shipping company with headquarters in Lbeck. On 27th January 2021 she arrived at Chittagong to be broken up. As well as derivatives to hedge risk, Jones says Oldendorff Carriers uses index-linked chartered vessels to meet its cargo obligations, "ensuring a critical fleet mass without taking price risk [on the markets]". Clop3z C-Lo Net Worth. Whatever the case, the current investment programme of around $2bn in environmentally friendly vessels is funded primarily from operational cashflow, says Jones, who is the brother of BRS Group chairman Tim Jones and former CSL Group boss Rod Jones - as reported in TW+. The company operates 4 transloaders, 4 floating cranes and 2 transhipment platforms. Paul Vallas' Net Worth In 2023 Explored. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Having a strong financial position and low leverage with long debt maturities and fixed interest An unusually short lifespan might indicate that your Oldendorff ancestors lived in harsh conditions. Many of the modern surnames in the dictionary can be traced back to Britain and Ireland. One of its more recent venture is WindWings, a patented wind-assisted propulsion concept that Reederei Nord plans to help develop and ultimately install on one of its bulkers. He. More like a hobby than a job is how director of communications Scott Jones describes his boss enthusiasm for dry cargo. Six baby capesizes of between 114,000 dwt and 119,000 dwt and six post-panamaxes (93,000 dwt to 96,000 dwt) bought in 2016 cost only $4m to $5m above scrap value despite being on average five years old. Our dedicated people and financial standing enable us to assure the quality of service and the fast and flexible responsiveness that our clients have come to expect from us. Around 70 of Oldendorff Carriers 80 owned ships are managed internally. Idan Ofer recently donated 25 million to refurbish the London Business School, where once studied. [10], Since starting at Iskenderun in 2001,[11] then Musaffah Port's Emirates Steel from 2007,[12] the company has developed schemes to transfer 30 million tons a year of its cargoes out at sea between large ships and barges at eight ports. and North Vietnam, bauxite from a river in Guyana and coal and other commodities at our transshipment hubs in Trinidad and South Vietnam. One hundred years ago on 19th February 1921, Egon Oldendorff (1900-1984) was made a partner in the shipping company of Lilienfeld & Holmuth in Hamburg two days after his 21st birthday. Our significant net worth gives confidence to our clients, who entrust us with long-term industrial CoAs and repeat spot business. How Many Millionaires Are There in America? From November 1st DN Media Group is responsible for controlling your data on TradeWinds. Household Income Percentile Calculator for the United States, Height Percentile Calculator for Men and Women in the United States, S&P 500 Return Calculator, with Dividend Reinvestment, Age Difference Calculator: Compute the Age Gap, Average, Median, Top 1%, and all United States Household Income Percentiles, Net Worth by Age Calculator for the United States, Average Income by Age plus Median, Top 1%, and All Income Percentiles, Stock Total Return and Dividend Reinvestment Calculator (US), Average, Median, Top 1%, and Income Percentile by City. One hundred years ago on 19th
He set about introducing a cargo-operator mentality into the business, starting with the acquisition of Swiss trading company Concept Carriers and recruiting cargo as opposed to tonnage specialists. Since then, the chartered fleet has grown faster. Jones says there are probably few people in the world with Oldendorffs knowledge of the global orderbook, what is being paid, and the good and bad characteristics of individual yards. The Panamax bulkers Emma Oldendorff and Eckert Oldendorff were completed in 1969/70 by the Bremer Vulkan yard, and a further quartet was completed by the 3 Maj yard at Rijeka in Jugoslavia in1974/75 as Birte Oldendorff, Dora Oldendorff, Helga Oldendorff and Ludolf Oldendorff. The average net worth for U.S. families is $748,800. The 77,499dwt bulk carrier Bernhard Oldendorff, seen here at Jacksonville in 2016, was built in 1991 by Daewoo at Okpo as the Yeoman Burn for Fearnley & Eger. How does that compare to the net worth of the typical American family? We pride ourselves in hiring the best seafarers and being a great place for them to develop and progress their career. This was about 53% of all the recorded Oldendorff's in USA. Oldendorff took over from his 80-year-old father after returning from training abroad in New York, London and San Francisco. Roux Lopez is the daughter of WWE stars Seth Rollins and Becky Lynch. Egon Oldendorff had been born on 17th February 1900 as the youngest of three children at Dorum near Bremerhaven and went to school in Dorum and Lehe. No new ships, except coasters, could be ordered or built in German yards until 1950 under the terms of surrender, when four new Oldendorff vessels came into service. The outfit also has added a transshipment platform. The headquarters in Lbeck have been on the top floor of the Radisson Blu Senator Hotel since 1999. By 1962, a fleet of 26 ships was being traded, including ten coasters in the North Sea and Baltic coal and timber trades. Writing in the companys Waterline magazine, chairman Henning Oldendorff notes that Oldendorff Carriers acquisition and ordering of ships made it the second-biggest dry bulk investor during the previous five years. Commercial Register: Amtsgericht Lbeck HRA 3716 HL. Top 500 German Family Businesses - the economy most dependent on family enterprises Germany's top 500 family businesses contribute nearly 43% of the country's GDP, which underlines just how vital family enterprises are to the fourth biggest economy in the world. Chairman Henning Oldendorff, and the company he inherited from his father, Egon Oldendorff, at the age of 23, has flourished by taking a counter-cyclical approach to the market. He was called up for Army service towards the end of World War I, and was discharged from the Army on 31st December 1918. German shipyards got into their stride in 1956/57 with five new ships of between 10,780 dwt and 15,265 dwt, completed as the five hold engines midships Eibe Oldendorff, Hinrich Oldendorff, Catharina Oldendorff, Helga Oldendorff and Johanna Oldendorff, and were joined by a purchased second hand tramp renamed as Christoffer Oldendorff, but built back in 1937 at Burntisland as Ginnheim. Where is it happening in the US? These were the engines midships Birte Oldendorff, Dorthe Oldendorff and Irene Oldendorff of around 3,000 dwt for the North Sea and Baltic trades, and Klaus Oldendorff of 5,500 dwt for tramping. It is here that he ponders putting his own money into ventures that could shape the future of shipping. This general cargo Liberty replacement type was equally happy with bulk cargoes or breakbulk cargoes e.g. Entry into baby capesizes otherwise known as mini-capes followed a request from clients. Week Calculator: How Many Weeks Between Dates? Knowing your net worth is all about figuring out where you stand financially. Images reflecting an old rumor about the Rothschild . We perform 15,000 port calls in 118 countries. Family And net Worth. There is a core fleet of owned ships in each segment, part of that being to give our clients and customers confidence that we can supply vessels, have flexibility, as well as keeping us on top of each market, Jones says. But central bank policies have created a lot of artificial bubbles and inequalities around the world so we have to remain vigilant.. We have invested in our future at historically low prices, Oldendorff says. What is the top .5% net worth? Net Worth. Christian Oldendorff delivers his radical and visionary message. This number includes (where possible) the value of a primary home. The steamer Peter Benoit of 1,359 grt built in 1902 was purchased in 1932 and was the first ship to be named after a family member as Gisela Oldendorff. Wealth & Savings Careers at Sea. If you disable this cookie, we will not be able to save your preferences. Li Ka Shing owns the Fortune 500 Company Hutchison Wampoa Limited, and through Hutchison Port Holdings they control a staggering 52 terminals in 26 different territories across the globe. Our 4,500 people originate from 60 countries, we are all proud to be equal members of the family of OLDENDORFF CARRIERS. Oregon had the highest population of Oldendorff families in 1880. The shipping company was renamed Lilienfeld & Oldendorff and taken over by Oldendorff at the end of the year. At the time of the third placement, the company said the US private placement market continued to be an attractive funding source and strong relationships had been forged with both existing and new bond investors. In 2021, Forbes estimated Harry and Meghan's net worth at $10 million, including the remains of Harry's inheritance from his late mother, Princess Diana, and the equity the pair have in their . The last ship with a Nord prefix to her name, Nordheim, was sold off shortly afterwards. But Oldendorff says asset play is more about tailoring the fleet to customers requirements than turning a quick buck. For the veterans among your Oldendorff ancestors, military collections provide insights into where and when they served, and even physical descriptions. Deploying nearly 700 vessels in a global network of trades can only work if we delegate a lot of authority to our people, which at the same time motivates them to work like a big family with shared responsibilities, says the chairman, who met TradeWinds at the companys Hamburg offices in the Emporio Towers. She joined Oldendorff in 1932. I dont think we are Greek at heart, Oldendorff responds. Here's the mean net worth of U.S. families based on the age of the head of household: Age 35 or younger: $76,200Age 35-44: $288,700Age 45-54: $727,500Age 55-64: $1.17 millionAge 65-74: $1.07 millionAge 75 or older: $1.07 million. click here. Your cargo and your business are safe with Two of the smaller trio had been repossessed by banks shortly after their completion, and thus Egon was able to buy them at competitive lower prices. At the end of 2019, Amplifier published the Towards Net-Zero report to show pathways to eliminate greenhouse gas emissions in the North Sea and Baltic Sea. We retain and invest the profits, Oldendorff says. How Much Does it Cost to Move House in the UK? The remaining pair were chartered out to Norddeutscher Lloyd, KNSM of Holland or Canadian Pacific on liner routes. Want to see how net worth brackets have evolved? The Oldendorff family name was found in the USA, and the UK between 1880 and 1920. On 6th January 1962 she arrived at Split to be broken up by Brodospas. Hopefully, the politician is leading a comfortable . transportation needs. In 1939, Egon expanded from the North Sea and Baltic coal and timber trades into tramping with the purchase of the Dutch ship Leersum of 3,986 grt, completed in 1918 as Leersum at Capelle in Holland for the Oostzee N.V. Mij and renamed Henning Oldendorff. The owners seem to like it because they can participate in the market upside as well, he says. It has enabled the outfit subsequently to invest a net $2.5bn in 97 ships a mixture of newbuildings (around 50), resales and typically five-year-old secondhand vessels covering the period 2013 up to 2020. Regina Oldendorff was flagged out as Bold Challenger and Tete Oldendorff was flagged out as Nautic Pioneer for use as floating grain stores at Hamburg during 1984/85. [8] In 1980, 23-year-old Henning Oldendorff took over as CEO from his 80-year-old father, who died on May 9, 1984, leaving Henning as the majority shareholder. Worth average, median, and the unemployment rate are regularly cited in the USA, and bought first... 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