Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Vlasov Group News

19 Nov 2008

Giorgi – New InterManager Pres

InterManager, the international trade association for in‐house and third party ship managers, has appointed Roberto Giorgi as its new President with immediate effect. Mr Giorgi, who was elected unopposed at the Nov. 17 InterManager AGM in Singapore, succeeds Ole Stene, Managing Director of Aboitiz Jebsen Bulk Transport Corporation, who has completed his two‐year appointment in the role. The appointment of Mr Giorgi is a significant and positive move in the growth of InterManager.

14 May 2004

V.Investments to Buy Shares in MC Shipping

V.Investments Ltd, part of the V.Ships Group, and it’s investment partner, Navalmar, announces that it has acquired the Vlasov Group’s shareholding in the American Stock Exchange-listed shipping company, MC Shipping Inc. Established in May 1989, via an initial public offering sponsored by Vlasov, Monaco-based MC Shipping Inc currently owns a fleet of 13 vessels. The fleet comprises seven liquefied petroleum gas (LPG) carriers from 3,000 to 72,000 CBM, four container vessels ranging from 2,800 to 3,500 TEU and two small multipurpose/general cargo vessels. These vessels are deployed either on a time or voyage charter basis with technical management provided by V.Ships. The Vlasov Group, which also holds a number of investments in the cruise market, held a 48% shareholding in MC Shipping.

02 Feb 2000

S&P Cuts MC Shipping Outlook To Negative

Standard & Poor's has revised the outlook on MC Shipping Inc. to negative from stable. At the same time, the company's single-'B' long-term corporate credit rating and single-'B'-minus senior unsecured debt rating were affirmed. The rating on MC Shipping reflects the shipping industry's below-average characteristics, and the company's weak financial profile. MC Shipping is part of the Vlasov Group-a major ship-owning and ship-management group. Weak fundamentals and high industry-risk characterize the shipping market in general. To a large extent, MC Shipping is exposed to freight-rate volatility, as only a few of its vessels are on medium- to long-term charter. The current depressed container and small gas carrier markets are having a particularly strong negative effect on MC Shipping.