Marine Link
Tuesday, October 17, 2017

Zois Efstathiou Sa News

Derya, Zois Distributors of Caframo Marine

Caframo of Ontario, Canada, a manufacturer of marine fans, cabin heaters and accessories since 1955, has appointed Derya Marine and Zois Efstathiou S.A. as distributors to boat builders and marine dealers in Turkey and Greece, respectively. Caframo 12 and 24-volt fans are designed, built and tested for marine use. Many models feature a patented "Finger-Safe Blade" which does not require a protective grill and has a shock-absorbing leading edge that flexes when it is stopped. These blades also push more air quietly about the cabin. (www.caframo.com/marine)

Tsakos and Trading S.A. Choose Seagull Training System

Tsakos Shipping and Trading S.A. is the Technical Management Company responsible for a number of Principals, including Tsakos Energy Navigation Limited, who operate an international fleet of approximately 90 vessels, comprising of crude and product tankers, dry bulk carriers and containers. The Seagull Training System is designed to meet all its training requirements in a single product. This is a dedicated training computer system, configured to meet its precise needs and installed with the latest/upgraded software, including the acclaimed Seagull Training Administrator to monitor and manage all the training activities.

Second Innings For SA

The Salvage Association is staging a comeback. Having been acquired by British Maritime Technologies in March last year, the SA has now been revamped and relaunched. In an attempt to transform itself from a not-for-profit organisation into one that can survive in a commercial world, the new SA has announced an expansion of its services into all maritime sectors. In addition to traditional hull and machinery surveys, the SA is now offering a whole host of services, including litigation support and expert witness work. The relaunch was announced at a well-attended reception at the Baltic Exchange in London last week. By far the most energetic response to the SA plans came from the legal contingent following the announcement of a new legal fees collection service for lawyers.

Stolt-Nielsen to Release 2Q Results

Stolt-Nielsen S.A. will release its second quarter results on Thursday, July 10th, 2003. A conference call will be held to discuss the earnings and review of business operations on Thursday, July 10th, 2003. The date for release of second quarter 2003 results has been delayed to permit Stolt Offshore S.A., a subsidiary of Stolt-Nielsen S.A., to discuss the major items of the Stolt Offshore S.A. Blueprint for financial recovery during Stolt Offshore S.A. investor conference call.

Friede Goldman Signs $143 Million Contract to Build Millennium SA

Friede Goldman International Inc. (FGI) has signed a $143.2 million contract with Rudgil SA, a subsidiary of Schahin Engenharia e Comercio Ltda. The Millennium SA (South America) is the latest in new, deepwater semisubmersible designs from FGI subsidiary Friede & Goldman, Ltd., (F&G) a New Orleans-based naval architecture and marine engineering company. Equipped as a dynamically positioned semi with a DPS-2 station keeping system, the Millennium SA is capable of drilling in 5,000 ft. of water with a variable deck load of 3,500 long tons. F&G will perform engineering work on the project in conjunction with Friede Goldman Offshore, East in Pascagoula, Miss., where the rig will be constructed.

Stolt Offshore To Settle Share Guarantee

Stolt Offshore S.A. announced that, as expected, Vinci, the owner of the 6.1 million Stolt Offshore Common shares issued as partial compensation in the ETPM acquisition in December 1999, has advised Stolt Offshore of its intention to sell all of its Stolt Offshore shares as permitted by the ETPM acquisition agreement. Stolt Offshore has in turn advised Vinci that Stolt Offshore will organize this sale. release, it is Stolt Offshore's intention to buy back these shares and to do so in the second quarter of this year. The transaction will be funded through the use of existing Stolt Offshore S.A. credit facilities and the sale of Common shares to Stolt Offshore S.A.'s parent company, Stolt-Nielsen. S.A., and/or other interested parties for up to $65 million.

Stolt Offshore Signs Global Contract

SeaSupplier Ltd, the marine e-procurement subsidiary of Stolt-Nielsen S.A, announced today it has signed a multi-year SeaManager ™, e-procurement contract with Stolt Offshore S.A., the world's largest operator of specialty sub sea construction and maintenance ships, pipe laying and heavy lift barges. Together with Stolt Offshore’s annual expenditure of $600 million on products and services and with SNTG, Seabulk International, RCCL, Teekay Shipping and NYK LINE, more than a $1billion of expenditure is anticipated to be transacted through the SeaSupplier Value Added Network™. SeaSupplier will provide Stolt Offshore S.A with its complete procurement solution, SeaManager™, as well as consulting services for database rationalization and business process re-engineering.

Stolt Offshore Announces General Meeting

Stolt Offshore S.A. announced that an Extraordinary General Meeting of shareholders will be held on Thursday, October 17, 2002 at 3:00 p.m. local time at the offices of Services Généraux de Gestion S.A., 23, avenue Monterey, L-2086 Luxembourg. The Board of Directors of Stolt Offshore S.A. (the "Company") has determined that Common Shareholders of record as of the close of business on September 9, 2002 will be entitled to vote. The purpose of this meeting is to consider and approve a recommendation of the Audit Committee and the Board of Directors of the Company to elect Deloitte & Touche S.A. as the Auditors of the company for a term to expire at the next Annual General Meeting of Shareholders.

Phoenix Energy Nav Joins Aframax Pool

PDV Marina, S.A. (PDVM), the marine transportation subsidiary of Petroleos de Venezuela, S.A. (PDVSA), the Venezuelan state oil company, and Overseas Shipholding Group, Inc. announced that Phoenix Energy Navigation SA (Phoenix) has joined the Aframax International Pool. Phoenix has contributed two double-hulled Aframax tankers to the pool (the Phoenix Alpha and the Phoenix Beta both built in 2003), expanding the number of vessels in the Pool to 34, including committed newbuildings.

Golden Ocean Halts Legal Action

Golden Ocean Group announced an end to its legal dispute with S.A. Marine Corp. of South Africa following a successful resolution. The announcement follows a capital injection of $41 million into S.A. Marine.

Repsol/YPF Deal Leaves Few Argentine Owned Oil Companies

Repsol SA has reportedly merged with YPF SA, Argentina's largest company, leaving only a handful of oil firms still in Argentine hands.

Stolt-Nielsen S.A. Names NYK’s Ishiskawa to Board

Stolt-Nielsen S.A. (SNSA) has elected Hiroshi Ishikawa, Senior Adviser of NYK Line, to its Board of Directors. Ishikawa, who previously served as a Director of SNSA from 1995 to 1997, succeeds Kinichi Hirayama of NYK, who has been appointed to new duties at NYK Group. NYK Line acquired 10 percent ownership of SNSA in 1987.

Stolt-Nielsen S.A. Names NYK’s Ishiskawa to Board

Stolt-Nielsen S.A. (SNSA) has elected Hiroshi Ishikawa, Senior Adviser of NYK Line, to its Board of Directors. Ishikawa, who previously served as a Director of SNSA from 1995 to 1997, succeeds Kinichi Hirayama of NYK, who has been appointed to new duties at NYK Group. NYK Line acquired 10 percent ownership of SNSA in 1987.

Kyriakoulis Shows Interest In Stardust Marine

Yacht operator Kyriakoulis has officially expressed its interest in acquiring France-based Stardust Marine SA, which operates 275 yachts and 16 marinas around the world. Kyriakoulis officials said that if the company's acquisition is successful it will become the world's largest company in the yachting business. Stardust Marine SA had sales of $21 million in 1998, officials said.

Massoel S.A. Orders Three Bulk Carriers

Swiss shipowner Massoel S.A. reportedly has ordered three Handymax bulk carriers in cooperation with Norway's B Skaugen shipping group. The 46,000-dwt vessels are scheduled for delivery between March and October 2001 from Mitsui Engineering and Shipbuilding.

Massoel S.A. Orders Three Bulk Carriers

Swiss shipowner Massoel S.A. reportedly has ordered three Handymax bulk carriers in cooperation with Norway's B Skaugen shipping group. The 46,000-dwt vessels are scheduled for delivery between March and October 2001 from Japan's Mitsui Engineering and Shipbuilding. Skaugen has stakes in two of Massoel's existing bulk carriers while Massoel has an interest in the Norwegian company's Handymax bulk carrier Skaustrand.

Panama Canal Requests Proposals For New Locks Construction

The Panama Canal Authority (ACP) released its Request for Proposal (RFP) Friday on the "design-build" contract for the new locks under the Canal's Expansion Program. Four global consortia will now move forward with their bids on what will be the largest and most important project under the $5.25b expansion. The Expansion Program will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, doubling capacity and allowing more traffic and longer, wider ships. The ACP will meet with consortia representatives in February 2008 regarding the content of the RFP for the construction of the new set of locks. Proposals are due August 2008.

Acergy Gets $700m from Total for Angola Offshore Work

Acergy SA received a $700mcontract from Total SA for work on the development of Pazlor oil field offshore from Angola. Acergy said Wednesday it received the contract as part of a $1.8b award to a consortium with French oil services company Technip SA Acergy's portion of the project includes the engineering, procurement, fabrication and installation of 55 kilometers of water-injection lines, gas-injection and gas-exports lines, umbilicals and more than 20 rigid jumpers among others tasks. The company said engineering will begin immediately; offshore installation is scheduled to begin in mid-2010. Acergy, a Sunbury-on-Thames, England, engineering and contruction contractor for the offshore oil and gas industry, had 2006 revenue of $2.12b.

ABB Gets EU Nod For Alstom Venture

ABB Asea Brown Boveri Ltd reportedly received approval from the European Commission to complete a proposed 50-50 joint venture with France's Alstom SA.

Austal Ships To Build World’s Largest High-Speed Multihull

Australian shipbuilder Austal Ships and European ferry operator Fred. Olsen, S.A. have signed a historic contract for the world’s largest high-speed multihull vessel which will be based on a new hullform that will reportedly revolutionize fast sea transportation. When delivered in the second half of 2004, the 416-ft. (126.7-m) cargo-vehicle-passenger fast ferry will also be larger than any existing diesel-powered fast ferry – catamaran or monohull. It is also believed to be the world’s largest all-aluminium ship. For Austal Ships, the new 126-m ferry is a significant, but carefully planned and evaluated, progression in high-speed ship design that is based on the successful performance and stability…

Stolt-Nielsen Purchased 94,400 of its Common Shares

Stolt-Nielsen S.A. announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 94,400 of SNSA Common Shares on the Oslo Børs at an average price of NOK 187.49 per share (approximately $29.21 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares. Including today's purchases, the Company has purchased Common Shares totaling approximately $179.0 million under the $200 million repurchase program announced on August 25, 2005.

Trimaran Christened for Fred. Olsen S.A.

The newest and most significant vessel yet to arrive on the world fast ferry scene was christened Benchijigua Express in a ceremony at the yard of high speed ship builder Austal in Henderson, Western Australia on November 5. Godmother of the vessel Mrs Juana Hernández Cabrera, wife of Fred. Olsen, S.A. Managing Director Mr Guillermo Van de Waal, cut the ribbon to christen the trimaran with a magnum of champagne across her bow. Also in attendance from Fred. Olsen, S.A. were Mr Fred Olsen Jnr, Chairman, the vessel’s senior officers and management from the company’s European offices. Powered by four diesel engines driving three waterjets the Auto Express 127 trimaran will be able to maintain Fred.

Efstathiou New Executive Director at Spectec

Evan Efstathiou, Executive Director of SpecTec Americas.

SpecTec has appointed Evan Efstathiou as Executive Director of SpecTec Americas. Mr. Efstathiou has worked in Veson Nautical as the Director of Client Services for over 3 years, and he has cooperated with SpecTec in many projects, including one that was highly successful signed with Hyproc. Evan has graduated from MIT and Harvard School of management and worked the last 11 years in the Maritime and Oil&Gas worlds.  His role as Executive Director will be primarily to boost the SpecTec business in the whole of the American continent and promote high level businesses.  

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News