Noble Chartering’s core focus is to manage Noble’s seagoing transportation requirements, freight market exposure and pricing forward business.
Two-thirds of our business comes from third-party customers in the iron ore, grain, bauxite, coal and alumina sectors. This is in addition to Noble’s business which is one-third of Noble Chartering’s business.
Our Chartering business operates a fleet of 40-50 bulk carriers at any given time.
Cargo is transported in Capesize, Post Panamax, Kamsarmax / Supramax bulk carriers trading globally, which in combination with freight derivatives and physical cargo contracts are used to manage our freight exposure.
The shipping business is all about relationships. Two-thirds of our business is third-party external business where we have built a strong network of long-term business partners with whom we have enjoyed a mutually fruitful relationship for many years.Michael NaglerHead of Chartering