Solebay Shipping

Solebay Shipping was founded on 1998. We are shipping operator specialised in dry bulk chartering, including coke, coal, iron ore, alumina, grain and fertilizes. We are working closely with several steel mills and commodity traders, including several big names such as China Minmetals Import and Export Corporation , COFCO, CITIC, China Non-ferrous M... etals Import and Export Corporation, Shan Xi An Tai Group, BOHI, Beiliang group and Marubeni Tokyo etc. Since we start the business, the capacity expansion is on a rise. In 2004, we reached tonnage of 2,839,625.56 DMT and quickly grew at annual rate of 20% till now where we are one of the leading operators in the China. We are growing rapidly and have built good reputation in the industry. Our team is very experienced and equipped with sound knowledge of market practice. To assist the physical operation in risk management, Solebay started trading FFAs in Dec 2005 with the majority of trades concluded in the form of OTC trades. In 2007 we decided to entirely switch to cleared trades and all of our trades thereafter were cleared. As a result, we managed to avoid counterparty risk in 2008, when the whole industry were involved in default and suffered huge losses. Over the years Solebay is growing steadily in terms of volume of trades, and our sufficient cash flow provides a strong support to further expand in the FFA market. We have an excellent track record and hence have developed good relationship with the clearing bank.Read More