Two Harvey Gulf Board Members Resign
HGIM Corp., the parent company to U.S.-based Harvey Gulf International Marine, LLC, announced on Thursday that the holders of over 85% of its common stock, including Gladiator Investments, LLC, an affiliate of Shane J. Guidry, Walker Ridge Capital Management, LLC, an affiliate of The Jordan Company LP, and certain affiliates of Black Diamond Capital Management, L.L.C., have entered into a securityholders agreement. In connection with the agreement, Sherman Edmiston and James Swent have resigned from the board of directors…
Euronav sells Suezmax Cap Romuald
Euronav NV announced that the Company has sold the Suezmax Cap Romuald (1998 – 146,640 dwt) for USD 10.6 million.The vessel was delivered to her new owners on 22 August. The Company will record a capital gain of approximately USD 9 million in the current quarter.The sale of the Cap Romuald is part of a fleet rejuvenation program. Together with the sale Euronav is taking in operation four new Suezmax vessels, of which three (Cap Pembroke, Cap Quebec and Cap Port Arthur) have already been delivered, with the remaining one due for delivery at the end of August.Those 4 vessels will all go under seven year time charter contracts with a leading global refinery player.Euronav's fleet includes FSOs…
New Joint Venture for the Suezmax Market
Euronav NV has formed a commercial joint venture with Diamond S Management LLC and Frontline Ltd. with the aim of creating a single point of contact for cargo owners to access a fleet of 43 Suezmax vessels, including newbuildings, operated on the spot market. The joint venture, which will be named Suezmax Chartering, will commence operation June 2 from the existing offices of Euronav, Diamond S and Frontline Management AS. A larger fleet will provide more flexibility and more options for cargo owners…
Anglo-Eastern Celebrates 40th Anniversary
On September 4th, Anglo-Eastern celebrate it’s 40th Anniversary, in Hong Kong, concluding with an evening of fun, at the Hong Kong Maritime Museum. Among a host of VIPs, both local and international, Mr. & Mrs. Evert Maréchal, The Consul General of Belgium, along with the Consul General of Japan, Mr Hitoshi Noda and the Consul General of India, Mr. Ravi Sinha & Mr Prashant Agrawal together with the Director of the HK Marine Department, Mr Michael W.L. Wong, JP were welcome by Group CEO, Mr Peter Cremers and the Board of Directors of Anglo-Eastern. Benoit Timmermans Managing Director Bocimar Belgium N.V. Andre Goedee CEO Dockwise Shipping B.V.
ABS Recognized for 150 Years of Service
ABS celebrated its 150th anniversary in Washington, DC on 31 January and was recognized by Members of Congress for the classification society’s proud history and unwavering commitment to the American and international maritime community. “I ask my colleagues to join with me in congratulating ABS on its 150th anniversary and in recognizing ABS’ significant service to the American marine and offshore industries and our sea services,” stated Congressman Frank LoBiondo (R-NJ), Chairman of the Subcommittee on Coast Guard and Maritime Transportation, in remarks entered into the Congressional Record. Congressman LoBiondo was joined by Congressman Rick Larsen (D-WA)…
ABS Elects New Council and Committee Members
• Angeliki N. • Michael Wyllie, Offshore Energy Development Corporation/SBM Offshore N.V. • William T. • Capt. • Dr. Bo Cerup-Simonsen, A.P. • Joseph J. • Soli Engineer, Executive Director, Great Offshore Ltd. • RADM Philip H. Greene, Jr., Superintendent, U.S. • Hiroshi Kato, President, Toyo Shipping Line Co., Ltd. • Naresh Kumar, Chairman & Managing Director, Deepwater Drilling & Industries Ltd. • Lee, Jai-Seong, President & CEO, Hyundai Heavy Industries Co., Ltd. • VADM H. S. Malhi, AVSM, VSM, Chairman & Managing Director, Mazagon Dock Ltd. • John “Jack” D. • Ted C. • Capt.
DSS Holdings Shipbuilding Contracts for 10 Vessels
DSS Holdings LP, the parent company of Diamond S Management LLC, announced subsidiaries of it have entered into shipbuilding contracts to purchase 10 ships. The contracts are with two prominent Korean shipyards for the construction of eight Suezmax tankers and two LR2 tankers. Delivery of the tankers is expected to occur in 2011 and 2012. DSS Holdings LP is a partnership formed in October 2007 between First Reserve Fund XII, L.P. and Craig Stevenson. The partnership was formed to create an energy focused shipping company.
