Eco-Tankship Opposes Enron Auction

Monday, December 31, 2001
South Carolina based Eco-Tankship, Inc. is contemplating a bid to oppose the auction of Enron Corp's "enrononline" trading division. The auction, approved last week by Southern District of New York bankruptcy court judge Arthur Gonzales, has been scheduled for January 10, 2002. Alexander Schizas President and CEO of Eco-Tankship has notified counsel for the creditors committee, the debtors in possession and the US trustees of Eco's interest in moving to oppose the sale. The particulars of the opposition surround Schizas' request for full disclosure by Enron regarding the auction. Schizas' group contends that Enron must disclose that they do not have proprietary rights to the Internet based trading of Liquefied Natural Gas in its physical form and as futures and options on futures. Schizas' group owns the LNGHUB.COM website which was established in March for the purpose of trading LNG. With the increased interest in the utilization of this clean burning fuel for power generation the world over, Schizas is seeking to ensure that "if and when" the Enron trading division resumes operations, that he and Eco-Tankship will not find themselves in a protracted legal battle over who has rights to trade this commodity and the financial contracts. Schizas claims that he individually filed a utility patent application covering the trading of LNG in June of 2001.
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

HMAS Success Deploys to Middle East

After months of preparation, HMAS Success departed Garden Island in Sydney today for a six-month deployment to the Middle East Region to provide logistic support

USS Oscar Austin Deploys to 6th fleet

Arleigh Burke-class guided-missile destroyer USS Oscar Austin (DDG 79) departed Naval Station Norfolk Nov. 21 for a deployment to the U.S. 6th Fleet area of responsibility (AOR).

Steven Palazzo Visits HII, Newport

Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi,

Energy

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Kemp Succeeds Semple at Wood Group

Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to

Baker Hughes to Present at Wells Fargo's 2014 Energy Symposium

Baker Hughes Incorporated announced today that the Company's Vice President and Chief Strategy Officer, Derek Mathieson, will present at Wells Fargo's 2014 Energy Symposium on Wednesday,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0976 sec (10 req/sec)