Exen Global Charts Bold Course for 2025

Amid market volatility and shifting global dynamics, integrated shipping company Exen Global is steering steady with over three decades of maritime expertise. In this Q&A, general manager Cengizhan Naiboğlu talks market trends, regional opportunities and how Exen’s new fleet-based strategy is setting the course for a big year in 2025.

Q: How would you assess the current state of the maritime transportation market, particularly for breakbulk and project cargo?

CN: The current market remains fragile, with fluctuations influenced by geopolitical and economic uncertainties. While short-term volatility is expected, we foresee a period of adaptation and stabilization in the medium to long term. With over 30 years of experience in commercial and technical ship management, Exen Global continuously refines its strategies to navigate these shifts effectively.

Q: What is your outlook for project opportunities in the coming months? Are there specific industries or regions driving demand for your services?

CN: Market experts predict a year focused on fleet renewal and strategic investments rather than aggressive expansion. However, certain sectors, such as bulk shipping, defense, and infrastructure, are expected to remain active. We see promising opportunities in Europe, the Middle East, and Africa, where ongoing energy transition projects and large-scale infrastructure investments continue to drive demand. Political developments – such as stability in the Black Sea region and U.S. policy shifts – will also play a crucial role in shaping project flows.

Q: How do supply chain disruptions, such as geopolitical tensions or economic downturns, affect your business?

CN: While global disruptions present challenges, they also open doors for agile and resilient operators. At Exen, we view these moments as opportunities to develop innovative solutions and strengthen our position in the market. Our experience in coaster and handy-size operations, combined with a strategic fleet renewal approach, enables us to adapt quickly. Just as a captain navigates changing sea conditions, we use our deep industry knowledge to make real-time strategic adjustments, ensuring sustainability and efficiency.

Q: Can you share any plans for fleet expansion or strategic partnerships in the coming months? Are there any planned investments in new vessels, technology, or infrastructure?

CN: 2025 marks a pivotal year for Exen Global as we transition from planning to execution in our long-term investment strategies. To provide our investors with more effective and efficient services, we have shifted from a vessel-based management approach to a fleet-based management model under our Financial Unity framework. This transition ensures better risk distribution, strengthens financial resilience, maximizes operational efficiency and profitability, and creates added value through fleet strength. Our Financial Unity-based asset management model, launched as a pilot project this year, is evolving toward an expanded fund management structure, reinforcing our commitment to strategic growth and investment optimization.

Q: Exen Global is exhibiting at Breakbulk Europe for the first time. Which companies are you most eager to connect with, and what key discussions are you looking forward to having at the event?

CN: As an active member of the Dutch shipping community, including KVNR, RMSC, and NZS, Exen Global is also proud to be part of Breakbulk Europe 2025. This event is a key platform within our core industry, and we look forward to welcoming our existing partners and new connections to our stand. We aim to strengthen our relationships with key charterers, brokers, and industry stakeholders, fostering long-term collaborations. We also aim to engage with shipowners and other maritime professionals to explore opportunities that align with our expansion and sustainability goals.

Exen Global will be exhibiting at Breakbulk Europe 2025.