The Dong-A Glaucos arrived in Halifax November 21 and docked at Autoport. after dark. It remained in port all day today November 22 and is expected to sail late tonight.
The large sized banner on the ship's flank reads "DAT Dong-A Tanker". The ship is quite obviously not a tanker but an auto carrier built in 2011 by Hyundai Samho Heavy Industry Co Ltd in Youngam. It is a 72,408 gt, 26,985 dwt ship with a capacity of 7600 CEU [car equivalent units]. From 2011 to 2014 the ship carried the name A Ladybug.
It is owned by Dong-A Tanker Corp, a South Korean company established in 2006. Its current fleet includes seven bulk carriers, two MidRange chemical/product tankers , one LPG tanker and three Pure Car and Truck Carriers (PCTCs).
Its intriguing name begs explanation. "Dong A" translates from Korean as "East Asia". "Glaucos" was a mythical Greek god of the sea who rescued sailors from distress. He may also have rescued Dong-A Tankers too - it entered creditor protection in 2019. It emerged in 2020 under Pinetree Partners control, but earlier this year reduced capital by dramatically diluting the value of existing shares by about 80%.
Shipfax is neither a financial reporter nor financial advisor, but presumes that since this ship is reported to have a solid charter with Tesla it should be able to pay the bills. Its recent itinerary began in Pyeongtaeck September 20 + 21, then via the Cape of Good Hope to Zeebrugge November 4 to 7, and on to Bremerhaven, sailing from there November 8.
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