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Ceres Hellenic News

08 Jun 2018

Shipping Tycoon Livanos Tied to New Investment Firm

Former senior Goldman Sachs and HSBC banker Matthew Westerman is launching a private investment firm alongside a former colleague and a Greek shipping tycoon, he said on Friday.Westerman will partner his former Goldman Sachs colleague Julian Metherell and Peter Livanos, who owns Greek shipping company Ceres Hellenic, in a new firm called MW&L Capital Partners.The trio will invest in small-to-medium sized targets based on knowledge built up in their respective careers covering financial services, oil and gas, and shipping, Westerman said."We think there is a gap in the market for long-term capital; ours is not '5 year fund money' so we don't have money burning a hole in our pockets and we can afford to be flexible and supportive of management when we see an opportunity…

18 Sep 2008

Livanos to be Remembered at World Maritime Day Event

The North American Marine Environment Protection Association (NAMEPA) will posthumously honor George P. Livanos; and his protégés will pay tribute to their mentor at the first North American Marine Environment Protection Association (NAMEPA) Awards Dinner being held in conjunction with the 2008 World Maritime Day Observance on October 23rd. George P. Livanos was the founder of the MEPA Movement just over 25 years ago. George P. Livanos (1926-1997) was born in . During World War II, he served in the American army in . In 1946, he received a degree in economics from the of and in 1949 founded his own company, Ceres Hellenic Shipping Enterprises, Ltd. of . George P.

16 Oct 2001

Intertanko Meetings In Athens

INTERTANKO's Executive Committee and Council Autumn Meetings will take place in Athens 24-26 October 2001. In conjunction with the meetings, INTERTANKO will be hosting an Open Market Seminar on Wednesday, 24 October. Consultancy and Research Ltd. will speak on tanker investments. about oil trade developments in the Black Sea and Caspian region and the consequences of the new pipeline from Baku to Ceyhan. Martin Stopford, H. Clarkson & Co. Ltd. will concentrate on strategic issues in the tanker market against the background of recent events. Finn Engelsen jr, Lorentzen & Stemoco will present prospects for the product tanker market and Jarle Hammer, Fearnleys AS will concentrate on trade developments in the tanker market. Erik Ranheim, INTERTANKO, will introduce and moderate the seminar.

01 Mar 2004

Chem Tanker Explodes Off Virginia

On Saturday, February 28, the 570-ft. chemical tanker Bow Mariner apparently caught fire and exploded about 50 miles off the coast off Chincoteague, Virginia. As of Monday, March 1, only nine of the 27 crew have been accounted for; six alive and three dead, while it appears that the search for the remaining 18 crew members will be called off. The tanker was carrying a reported 3.5 million gallons of industrial grade ethanol, and an estimated 193,000 gallons of bunker fuel. It exploded shortly after 6 p.m. and sank at approximately 7:30 p.m. The Singapore-flagged was owned by Odfjell and operated by Ceres Hellenic Shipping Enterprises Ltd. in Greece. It was transiting from New York to Houston with 24 Filipino and three Greek crewmembers.

10 Sep 2004

Methane Arctic Benefits from German Technology

The 768.8 x 111.7 x 32.8 ft. (234.3 x 34 x 10 m), 48,454 dwt LNG tanker Methane Artic visited Blohm + Voss Repair dock in the late spring. Besides general overhaul work to the tanker, the cargo tanks were serviced and checked for consistence, the discharge pump controlled, as well as the mooring winches and capstans overhauled. The ship, operated by BG LNG Services, Houston/USA and managed by Ceres Hellenic Shipping, Piraeus/Greece was built in 1969 at Kockums, Sweden. The 35-year-old ship underwent dry-docking in order to bring it into line with latest rules and recommendations. One modifications was to update the deck machinery to meet OCIMF requirements. The mooring equipment was designed for a nominal pull of 150 kN and a static brake holding load of 600 kN.

29 Oct 2004

ASRY Up 7% in 3Q

Following on from the earlier success of the first half of this year, Bahrain’s ASRY, has turned in a successful third quarter series of results with an increase in business and sales, which were up some 7% on the previous quarter. In all some 28 vessels were in the yard for repairs and refurbishment, with 30 percent being in the tanker class with the majority being ULCCs and VLCCs. The yard was also kept extremely busy with other classes of vessels ranging from lpg carriers, livestock carriers through to RoRos, dredgers and general cargo. During this third quarter over a hundred specifications were received from owners around the world with a contact award success rate of 26%.

08 Mar 2005

European Tanker Alliance Formed

Euronav announced the conclusion of negotiations between the representatives of Tanklog Ltd. and Euronav pursuant to which there will be a merger of the assets of Tanklog Ltd. into Euronav. Tanklog is a major player in the Suezmax sector with a fleet consisting of 14 modern double Hull Suezmax tankers, of which 5 are under construction at Samsung Heavy Industries in Korea with deliveries scheduled in 2006 and 2007 and 2 modern double Hull Aframax tankers. The Tanklog fleet is under the management of Ceres Hellenic Shipping Enterprises Limited in Greece and is under long term contractual arrangements with major independent U.S. refiners. The transaction will take the form of an acquisition by Euronav of the assets of Tanklog valued in excess of USD 1 billion.

10 Jan 2006

Euronav Appoints New Commercial Manager

The executive committee of Euronav NV announced its appointment of Mr. Jonathan Lee as the Commercial Manager of Euronav NV. Lee joined the company in January 3, 2006, and as commercial manager, will be responsible for the company’s commercial transactions including chartering both in and out, as well as sales and purchases. Lee brings over 20 years of shipping experience and expertise to the Euronav. Prior to joining Euronav, Lee worked with Clarksons and was commercial manager of the Ceres Hellenic Shipping Enterprises, Ltd.

03 Jan 2006

Bow Mariner Investigation Completed

The investigation of the Feb. 28, 2004 sinking of a chemical tank ship off the coast of Virginia has been completed. A press conference is scheduled for Tuesday January 3, 2006, at 10 a.m. to be held at Coast Guard Sector Hampton Roads at 200 Granby Street, in Norfolk. The speaker will be Capt. Robert O' Brien, Captain of the Port of Hampton Roads. He will be accompanied by Jerry Crooks, Chief of Investigations at Sector Hampton Roads. The Bow Mariner, a 570-foot, 40,000-ton tanker exploded with 27 people aboard. It was carrying 3.2 million gallons of industrial-grade ethanol, plus 200,000 gallons of No. 6 fuel oil and 53,000 gallons of diesel oil.

03 Nov 2005

New Leadership for INTERTANKO’s Hellenic Forum

INTERTANKO’s Hellenic Forum last week elected its new Chairman and governing team. Emmanuel Vordonis of Thenamaris Ships Management will be the next Chairman, succeeding Ceres Hellenic’s Nicholas G. Fistes who held the position for three years, and is the Hellenic Forum’s third Chairman. Nick Fistes will remain as a Vice Chairman alongside Costis Kertsikoff of Eletson Corporation and Spyros Polemis of Seacrest Shipping. They will work together with the Steering Committee and the members of the Forum to stimulate constructive thinking and generate new ideas out of the hands-on international experience of the Greek shipping community.

21 Jun 2001

Greek Bulk Operator To Merge Capesize, Panamax Fleets

Greek bulk shipping operator Ceres Hellenic said on Thursday it had agreed to merge its Capesize and Panamax fleets with those of Italy's Coeclerici, creating one of the world's largest bulk carrier fleets. The ships will be operated by a new joint venture between the two private companies, Coeclerici Ceres Bulk Carriers (CCBC), which brokers said would be among the top six players in the transport of coal, grain and iron ore. The two fleets have been working alongside each other for 18 months under a pooling alliance, Coeclerici Transport, in which Coeclerici handled commercial management and Ceres dealt with operations, said a Ceres spokesman.

26 Jun 2001

Bulk Shipping Alliance Close To Start-Up

A Capesize bulk shipping alliance involving three of the sector's biggest fleets may be launched within a month, according to one key player, Greece's Angelicoussis Group. "The momentum right now is to get it finished as soon as possible," Angelicoussis CFO Dimitri Stylianou said. Stylianou said the two other key players would be Israel's Zodiac Maritime, which is part of Israel's Ofer Brothers Group, and Bocimar of the Belgian CMB Group. "It'll be a three-way pool, but there will be some smaller players involved too," he added. "It's not so much a reaction as we feel the trade and nature of the Capesize market needs something more organised." Brokers said an alliance between the three would tie up Bocimar's 40-50 Capesizes with Zodiac's 30 and the Angelicoussis Group's six.

18 Feb 2000

Odfjell, Ceres To Merge Chem Tanker Fleets

Norway's Odfjell ASA and Greece's Ceres Hellenic Shipping will merge their chemical transport assets to create the world's largest fleet of clean tanker tonnage. The transaction, a combined $360 million investment, will create a combined fleet of 92 ships, of which 49 would be wholly or partly owned, company officials said. Odfjell will issue 4.9 million shares to Ceres, worth about $121 million, in exchange for nine chemical tankers totaling 335,000 dwt and four ships totaling 160,000 dwt to be delivered in 2001-2002. Odfjell will also purchase all the shares in Ceres' chemical tanker company Seachem and remaining Seachem ships in its 23 vessel fleet would be managed by the combined group.

25 Apr 2003

Coast Guard Responds to Vessel Collision

Investigators from Coast Guard Marine Safety Office New Orleans are responding this morning to a vessel collision at about mile marker 144 of the Lower Mississippi River near Garyville, La. towboat Cooperative Spirit, occurred at about 12:30 a.m. traffic. side. river. transfers of the product which mitigated further discharge. owner, Ceres Hellenic Shipping Ent. air monitoring tests. The Bow Lion is at anchorage at the LaPlace Anchorage in LaPlace, La. Xylene has been compared to paint thinner. drowsiness. the casualty.

14 Jun 1999

QEII Again Stirs Repair Interests

Interest in the European cruise ship repair market is currently focused on which shipyard will win the $31.3 million contract to repair the 1968-built, 70,327-grt cruiseship Queen Elizabeth II, owned by Cunard Line. There are currently three shipyards shortlisted for the work — Bremerhaven’s Lloyd Werft, Hamburg’s Blohm + Voss Repair and the U.K.’s A&P Southampton. The contract is expected to be awarded soon, with the drydocking dates scheduled for between November 12 and December 11. Now part of the Carnival Cruise Lines (CCL) group, Cunard has also announced the drydocking programs for two other cruiseships in its fleet — the 1973-built…