Sagitta Marine SA

What Sagitta Marine SA does

Sagitta Marine SA is a privately held dry bulk ocean freight services provider that matches industrial cargoes with appropriate vessels across key global trade routes. Founded in 2015 or 2016 (sources disagree) and headquartered in Panama City, the company operates from three offices in Panama, Oslo, and Athens, serving global producers, traders, and industrial companies across five core verticals: agricultural products (grains, oilseeds, sugar), metals and minerals (iron ore, steel, bauxite, alumina), energy and industrial materials (coal, petcoke, biomass), fertilizers and chemicals (phosphates, potash, urea), and building materials (cement, clinker). The company reports moving more than 5 million tonnes of cargo annually, primarily across the Atlantic Basin including the U.S. Gulf, East Coast South America, the European Continent, the Mediterranean, and the Black Sea, with stated expansion into Pacific and Indian Ocean trade.

The underlying technology is a conventional dry bulk shipping and freight chartering operation rather than a software platform: Sagitta Marine does not list any proprietary technology stack, AI features, APIs, or app, and instead relies on deep market expertise, long-standing industry relationships, and human-driven cargo-to-vessel matching. The company earns revenue on a transaction-fee model, charging freight rates negotiated per cargo, route, and vessel availability; pricing is not publicly disclosed. Go-to-market is sales-led and direct, with the sales team engaging enterprise clients from the Panama, Oslo, and Athens offices without intermediaries. The operating team of approximately 9 employees is led by CEO and Co-Founder Thomas Zaidman (formerly Chartering Director at Luzar Trading and a Cargill Ocean Transportation alumnus) and Finance Director and Co-Founder Ricardo Azpurua, supported by senior traders covering Atlantic and Pacific/Indian Ocean regions and a Legal Director handling post-fixture claims and arbitration in Athens.

Name

Sagitta Marine SA

Legal name

SAGITTA MARINE S.A.

Website

https://sagittamar.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Sagitta Marine SA is a privately held, Panama-headquartered dry bulk ocean freight chartering intermediary that matches industrial cargoes to vessels across the Atlantic, Pacific, and Indian Ocean basins, serving global producers and traders in agriculture, metals, energy, fertilizers, and construction materials and moving over 5 million tonnes annually.

Ownership category

akta.pro rank

Product category

Dry Bulk Ocean Freight Services

NAICS

Deep Sea Freight Transportation (483111)

SIC

Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Dry Bulk Ocean Shipping (Capesize/Panamax/Handysize) (TLADAKAA)

akta.pro secondary industry

Bulk Dry Cargo Carriers (Capesize/Panamax/Supramax/Handysize) (TLADABAC)

Keywords

• Dry bulk shipping
• Ocean freight services
• Maritime freight chartering
• Bulk commodity transport
• Vessel cargo matching

Headquarters

HQ city

Panama City

HQ country

Panama

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others, Marketing or Sales

Revenue model

1. Dry Bulk Ocean Freight Services: Sagitta Marine generates revenue by providing flexible, competitive, and reliable dry bulk ocean freight solutions. The company matches cargo with appropriate vessels and earns freight charges for transporting raw materials across key trade routes. They operate with precision and agility, managing both spot shipments and long-term freight commitments, moving over 5 million tonnes of cargo annually.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Sagitta Marine provides dry bulk ocean freight solutions, matching cargo with appropriate vessels to transport raw materials and commodities for industrial partners worldwide. The company operates primarily within the Atlantic Basin, covering key trade routes across the U.S. Gulf, East Coast South America, the European Continent, the Mediterranean, and the Black Sea, moving over 5 million tonnes of cargo annually. Services span spot shipments and long-term freight commitments across agricultural products, metals and minerals, iron ore, fertilizers, energy cargoes, and construction materials.

Product overview

Sagitta Marine SA is a dry bulk freight solutions provider offering a single integrated service portfolio centered on dry bulk ocean freight transportation. Founded in 2016 and headquartered in Panama City with commercial offices in Mexico and Oslo, the company provides tailored freight solutions for agricultural products (grains, oilseeds, sugar), metals and minerals (steel, alumina, bauxite), ores (iron ore), fertilizers (phosphates, potash, urea), and energy cargoes (coal, petcoke, biomass). Operating primarily within the Atlantic Basin, the company moves over 5 million tonnes of cargo annually across key trade routes including the U.S. Gulf, East Coast South America, the Continent, Mediterranean, and Black Sea regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Dry Bulk Ocean Freight Solutions Flexible, competitive, and reliable dry bulk ocean freight solutions for industrial partners worldwide, matching cargo with appropriate vessels across key Atlantic Basin trade routes spanning the U.S. Gulf, East Coast South America, the European Continent, the Mediterranean, and the Black Sea. The service moves over 5 million tonnes of cargo annually, handling agricultural products, metals and minerals, iron ore, fertilizers, energy cargoes, and construction materials via both spot shipments and long-term freight commitments.

Quantifiable outcome

• Over 5 million tonnes of cargo moved annually across the Atlantic Basin
• +1 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Gard AScoreOthersGard AS is the Protection & Indemnity (P&I) Club for Sagitta Marine, providing maritime insurance coverage. Gard AS is located at 7 Bishopsgate, London EC2N 3AR, United Kingdom. This partnership ensures Sagitta Marine has appropriate P&I insurance coverage required for maritime operations.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Diana Shipping: Greece-based dry bulk shipowner with a fleet of Capesize, Kamsarmax, Panamax and Ultramax vessels; comparable as a global dry bulk operator with similar commodity exposure.
• Safe Bulkers: International dry bulk shipping company with a fleet of Panamax, Kamsarmax and Capesize vessels; comparable as a dry bulk operator competing in similar industrial commodity flows.
• Genco Shipping & Trading: New York-listed dry bulk shipowner operating a diversified fleet; comparable as a mid-to-large dry bulk operator serving similar industrial commodity clients globally.
• Western Bulk: Norway-based dry bulk ship operator and owner; directly comparable to Sagitta as a similarly sized Atlantic-focused dry bulk charterer/trader, and a former employer of Sagitta's Head of Atlantic Trading.
• Norvic Shipping: Norway-based dry bulk operator with global presence; directly comparable as a mid-sized dry bulk charterer serving industrial clients across multiple commodities and trade routes, and a former employer of Sagitta's Head of Atlantic Trading.
• Golden Ocean Group: John Fredriksen-controlled dry bulk shipowner with a large Capesize/Newcastlemax fleet; competes for similar dry bulk cargo flows and industrial clients, especially across Atlantic and Pacific basins.
• Eagle Bulk Shipping: US-listed Supramax/Ultramax-focused dry bulk operator; comparable as a similarly sized dry bulk commercial operator serving similar Atlantic and global commodity flows.
• Star Bulk Carriers: Global dry bulk shipowner operating a large fleet of Newcastlemax/Capesize vessels; comparable as a major dry bulk operator competing for similar industrial cargo flows, though more asset-heavy than Sagitta.

Broad incumbents

• Louis Dreyfus Company: Global merchant and processor of agricultural goods with significant in-house ocean freight and dry bulk chartering capability; comparable as a broad incumbent competitor in dry bulk commodity logistics.
• Cargill Ocean Transportation: The in-house ocean transportation arm of Cargill, one of the world's largest agricultural commodity traders; comparable as a major charterer and dry bulk service provider and a former employer of Sagitta's CEO.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sagitta-marine-sa

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sagitta Marine SA