7. new Beginning

7.1 Shipping back to Basics

In early 1997 Hermann Rautert rejoins OAM in a new company. Otto A. Müller Schiffahrt GmbH is set up after some 24 years with his own company Delphin Schiffahrt GmbH.

While OAM-Hanno and the Pool become obsolete, the two new companies at Domstraße 11 operate successfully and completely independent of each other with different ownership and interests, OAM it pursuing its commercial ship management and Delphin its operator/brokerage side, thereby avoiding possible conflict of interest, but in the combination able to give its joint customers a broader service.

The first vessel in the new OAM set-up is the M/V "Priwall" - A 1992 built Rhyn type vessel of 3.700 DWAT. Followed in 1998 by two sister vessels from the Kormano Shipyard being the "Eva Maria Müller" and "Monika Müller".

In early 1999 3 further sister vessels are ordered, unfortunately they never get delivered due to the tragic Kossovo war resulting in the Danube river being blocked by bombed bridges.

In the very beginning of the new century and after the end of the war the order is renewed to the shipyard in a still very quiet shipping market, and possible investors on the German capital market are more than hard to come by, hence the shipyard presents OAM with a very competitive offer along with a Hamburg shipfinancier... only to blow up the whole deal a year later, just days prior to the delivery of the first vessel, breaking the contract and leading to a long arbitration battle in Vienna.

As from 1998 till 2006 OAM operates a constant fleet of around 8-11 minibulkers, with the traditional north European bulk business being pursued with its loyal old and growing customer base.

In mid 2006 the world is faced with record high oil prices of US$ 75 per barrel meaning alarming bunker prices of some € 550, this compared with bunker prices in 1997 of say € 161, the extreme influence on the daily running cost becomes a major challenge to cope with in the subsequent years.

Four Newbuilding orders are being placed with Damen Shipyards in 2005 for deliveries between 2006 until 2008. The firs one, the "Blue Bay" starts it's service in 11/2006.

 

7.2 Recycling: With new Ideas for Environment and Energy

In early 2000 Jens Ottmüller joins the OAM trading team. By November 2000 he leads the newly founded Otto A. Müller Recycling GmbH, focussing on new ideas for environment and energy. In picking up the raising demand for biofuels it solved complex sourcing-, trading- and transport-requirements of co-fireing in coal-fired power stations with high flexibility, personal efforts and the backup by OAM's transport expertise.

Nowadays it is expanding internationally and engages in trading with biofuels for industrial and domestic purposes, fertilizers and by-products. Based on an expanding network and mutual trust, individual solutions for the unique needs of different industries are developed in close co-operation with suppliers and customers. Its target: Search for successful niches in the ever changing megamarkets of the energy-, food- and feedindustry.

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