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Stelmar Tankers News

10 Jun 2004

Stelmar Comments on Pearlmar

The M/T Pearlmar, operated by Stelmar Tankers was inspected by US customs authorities on June 9, 2004 after arriving from Esmeraldas, Ecuador. Between 70 and 100 pounds of cocaine were found in the transom space above the rudder, which is located below the water line outside the hull of the ship. Following the inspection, the vessel was not detained and no arrests were made. Pearlmar is discharging its cargo as planned and authorities have not advised us of any delays. Stelmar is a signatory to the voluntary U.S. Customs Sea Carrier Initiative Agreement and are cooperating fully in the ongoing investigation.

06 Aug 2002

Stelmar Shipping Announces New Managing Director

Stelmar Shipping Ltd. announced that Adrian McMahon will join Stelmar Tankers (UK) Ltd. as Managing Director, to replace Bruce Ogilvy, who has elected to retire by the end of 2002. Adrian will join the Company in September of 2002. McMahon joins Stelmar after an impressive chartering career with BP Shipping, BP Oil USA and BP Amoco Shipping, culminating in the position of Manager of Chartering and Operations. He has had a wide range of commercial shipping experience, including organizational restructuring and emergency response management. He is regularly involved with prominent shipping industry organizations and has lectured at academic institutions in the United Kingdom and the Netherlands.

21 Jan 2003

Stelmar Announces Charters For Newbuildings

Stelmar Shipping Ltd. has announced that it has signed two year time charter contracts for two double-hull Panamax newbuildings expected to be delivered in late 2003 and early 2004. The two Panamax tankers, which were signed at profitable rates, are part of the Stelmar's 2003 and 2004 newbuilding program for five Panamax tankers. The newbuilding program will make Stelmar the largest owner of modern Panamax tankers and position the Company for future growth in 2004 and 2005. Stelmar also announced that it has renewed the profitable time charter contract for the Fulmar, a 1989 double hull product tanker, for an additional year at a higher rate.

07 Jan 2003

Haji-Ioannou Named CMA Commodore

The Connecticut Maritime Association (CMA) announced that Stelios Haji-Ioannou has been named the 2003 recipient of the Association’s prestigious Commodore Award. Stelios Haji-Ioannou, Chairman of easyGroup, joins a distinguished list of maritime executives who have received the Award, which is given each year to a member of the international maritime community who has demonstrated leadership, vision and commitment to the business. Donald Frost, President of the Association, commenting on the selection stated, “Mr. Haji-Ioannou has provided the international maritime community with enthusiastic leadership since he entered it. . Haji…

12 Nov 1999

Rydex Selects Keysystems As Greek Distributor

Rydex has appointed KeySystems as its exclusive distributor for the Greek and Cyprus markets. The Athens-based company has achieved major sales success in the Greek shipping market with the MarineKey document management system. KeySystems belongs to the Hadji-Ioannou Group of companies that include Stelmar Tankers and the EasyJet airline company.

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