SSG No 4 - Shipgaz
SSG No 4 - Shipgaz
SSG No 4 - Shipgaz
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D/S “<strong>No</strong>rden” sells ships<br />
and gives shares to the staff<br />
ssg-ringkøbing. D/S “<strong>No</strong>rden” has<br />
reported a profit of USD 64.4 million after<br />
the sale of five vessels over a couple of<br />
months. The nice profit has made the<br />
company decide to give all the employees<br />
with more than one year of employment<br />
four shares in the company, which means<br />
a total of 668 shares with a quoted value of<br />
DKK 3.23 million.<br />
The sale of vessels is two handymax bulk<br />
carriers currently under construction in<br />
China for delivery in late 2007 and early<br />
2008. The first is 50 per cent owned by<br />
“<strong>No</strong>rden”. Both are sold with a nice profit<br />
and taken back on charter for periods that<br />
could go up to five years.<br />
Furthermore, the bulkcarriers <strong>No</strong>rd-Spirit<br />
and the <strong>No</strong>rd-Phoenix and the product<br />
tanker <strong>No</strong>rdeuropa is sold off. The tanker<br />
continues sailing in the <strong>No</strong>rient Pool.<br />
TWO APM PORTS IN BOMB-SCANNING TEST Two of Maersk Line’s ports are being used<br />
in a bomb scanning test of containers bound for American ports. Container operators are<br />
expecting delays and bottlenecks in conjunction with the scanning. Eight ports worldwide<br />
have been set up to work with a container scanner. They are Port Qasim, Pakistan, which<br />
along with Salalah, Oman, is run by APM Terminals, and Southampton, UK, Puerto<br />
Cordes, Honduras, the Gamman terminal in Busan, South Korea, and Singapore.<br />
Trafigura made settlement with Ivory<br />
Coast after Probo Koala scandal<br />
ssg-tallinn. The three men imprisoned in<br />
Abidjan, Ivory Coast, since last September<br />
– following the hazardous waste scandal<br />
involving the Probo Koala – have been<br />
released.<br />
The men were released after an agreement<br />
had been reached between the Ivory<br />
Coast President’s office and the shipping<br />
company Trafigura, where the men were<br />
employed.<br />
The size of the settlement is EUR 152<br />
million and will cover the cost of cleaning<br />
up as well as, according to information, the<br />
cost of a new hospital. The Ivory Coast will<br />
also pay compensation to the victims and<br />
waive all claims, both now and in the<br />
future. Trafigura says that long-term collab-<br />
oration with the Ivory Coast will be established.<br />
Trafigura and Prime Marine Management,<br />
owner of the Probo Koala, both<br />
deny responsibility for the scandal and say<br />
that the agreement, in relation to the circumstances<br />
of the accident, is very fair. The<br />
agreement states that both companies are<br />
innocent.<br />
Greenpeace, which saw to it that the vessel<br />
was detained in Estonia so that an<br />
investigation into the scandal could be initiated,<br />
criticises the agreement. The organisation<br />
says that the victims will not receive<br />
any help from their government, which has<br />
promised to renounce all future claims<br />
against Trafigura.<br />
ADVOKATFIRMAN<br />
MORSSING & NYCANDER<br />
Est. 1880<br />
MARITIME LAW • LOGISTICS & MULTIMODAL • MARINE INSURANCE<br />
ADMIRALTY & CASUALTY • PURCHASE & SALE • SHIP FINANCING<br />
Box 3299, 103 66, STOCKHOLM, Sweden, Tel: +46 8 58705100 (24-hour service), E-mail: info@mna.se, Fax: +46 8 58705120<br />
www.morssingnycander.se<br />
NEWS REVIEW<br />
BOLIN BUYS UGELSTADS REDERI The<br />
Swede Mons Bolin and his Greek business<br />
partner Gabriel Petridis have<br />
bought S. Ugelstads Rederi in Ålesund<br />
for NOK 730 million through their<br />
Greek-British holding company Aries<br />
Energy Corporation. The shipping company<br />
has a fleet of five platform supply<br />
vessels (PSV) and had been owned by<br />
Peter Lorange for the past 19 years. Aries<br />
Energy now plans to order more PSVs<br />
to be marketed by S. Ugelstads Rederi.<br />
GO-AHEAD FOR ADSTEAM PURCHASE<br />
SvitzerWijsmuller has been given the<br />
final approval for the takeover of<br />
Adsteam. The last hurdle was the<br />
British Competition Commission,<br />
which made its last request on February<br />
9 before giving approval. SvitzerWijsmuller<br />
will have to sell off its towing<br />
activities in Liverpool, where Svitzer-<br />
Wijsmuller is already competing with<br />
Adsteam. The demand from the Competition<br />
Commission does not change<br />
the Adsteam board’s recommendation<br />
to sell the company to SvitzerWijsmuller,<br />
which after the takeover will<br />
have a market of 12 per cent, with nearly<br />
500 tugs on most continents.<br />
ATTICA LEAVES THE BALTIC Attica<br />
Group has discontinued its Nystad–<br />
Rostock ro-ro service. The ro-ro carrier<br />
<strong>No</strong>rdia was withdrawn from the service<br />
at the end of last year and the other vessel,<br />
the Marin, sailed on her last voyage<br />
in the service at the end of January. This<br />
means that the Greek shipping group<br />
has no shipping operations left in the<br />
Baltic. The Marin is now sailing between<br />
Patras and Venice, complementing the<br />
four Superfast ferries and the Blue Star<br />
ferry, all deployed in the Adriatic.<br />
SCANDINAVIAN SHIPPING GAZETTE • FEBRUARY 23, 2007 5
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