While most shipping industry players were scrambling to acquire vessels between 2003 and 2008, Henning Oldendorff was steadily selling off most of his dry cargo fleet.
Oldendorff Carriers disposed of 92 vessels at high prices, building up a warchest that has aided the Lubeck and Hamburg-based owner and operator as it later re-enter the sale-and-purchase market at often bargain prices.
