The PROPELLER CLUB

January 2007 Volume 4, Number 17The new bridgeconnecting the RailwayStation with the Quayof PiraeusNewsletterThe PROPELLER CLUBTHE INTERNATIONAL PROPELLER CLUB OF THE UNITED STATES PORT OF PIRAEUS, FOUNDED IN 1935To promote Maritime Relations, Commerce,Goodwill and cultural Relationsbetween Citizens of Greece and the United Statesas well as all other Countries Represented by their Members

the Propeller Club NewsletterAmver AwardsDinnerCaptain Mike Rand, Representative of the U.S. Coast Guard,Mr. Nicholaos Pappadakis, 1st Vice President of the of thePropeller Club, Mr. Ioannis Tzoanos, General Secretary of theMinistry of Merchant Marine, Mr. George Vlachos, Secretaryof the same Ministry responsible of Ports and Port Policy.Once again the Propeller Club of the UnitedStates in cooperation with the U.S Coast Guardand the American Embassy organized theAMVER Awards Dinner, on the 24th of October2006 at the Intercontinental Hotel.The President of the Propeller Club, Mr. VlassisKatrantzos extended his special greetings to allshipping companies who receive awards andreferring to the importance of the AMVERprogram noted that according to the AMVERrecords, during 2005 670 vessels belonging to140 Greek Shipping companies participated inthe AMVER system (Automated MutualAssistance Vessel Rescue) and that 962additional vessels were recruited into AMVERsystem in 2005 thus increased the awardrecipients 11% from 2004. He also noted that122 vessels belonging to AMVER system, rescued177 lives.After that the Minister of Aegean and IslandPolicy Mr. Aristotelis Pavlides and AmbassadorMr. Charles Parker Ries, after they extendedtheir greetings to the audience and theypresented the AMVER Awards helped by theGeneral Secretaries of the Ministry of MerchantMarine Messrs. Ioannis Tzoanos, GeorgeVlachos, and captain Mike Rand, representativeof the U.S. Coast Guard.During the dinner, Mr. Vlassis Katrantzospresented a special award to lieutenantcommander G. Leventis, commander of frigateAEGEON for the efforts made by the crew tosave the lives of 14 crew members of the Turkishvessel A.AKIF in January 2006.Captain Michael Rand, representative of USCG,presented a special award to the representativeof shipping company STEALTHGAS for the rescueοf a couple whose yacht burst in flames, by thecrew of vessel Gas Shangai, on May 16, 2005.Present after dinner were the Minister of Aegeanand Island Policy, Mr. Aristotelis Pavlides, U.S.Ambassador, Mr. Charles Parker Ries, GeneralSecretaries of the Ministry of Merchant MarineMr. Ioannis Tzoanos and Mr. George Vlachos, theEconomic Counselor and Commercial Attaché ofthe U.S. Embassy, Mr. Woodward Clark Price andMr. Steve Alley, the President and the GeneralSecretary of the Propeller Club Mr. VlassisKatrantzos and Mrs. Marianna Moschou andmembers of the Board of Governors. Alsoshipowners Messrs. Panagiotis Tsakos, Mr.Ioannis Koustas, Mr. Constantinos and AlexisArnokouros, Mr. Karydopoulos and manageriallevel people from the shipping community andbanks. Also present were representatives of oursponsors, Mr. Skev Theodorou of the IFCHORS.A., Mr. Krassaris of the OLYMPIC SHIPPINGAND MANAGEMENT, Mr. Ugo Salerno of RINO(Registro Italiano Navale).Golden Sponsors:A.G. PAPPADAKIS AND CO LTD.IFCHOR S.A.OLYMPIC SHIPPING & MANAGEMENT S.A.RINABronze Sponsors:ANANGEL MARITIME SERVICES INC.EUROPEAN PRODUCT CARRIERS LTD.KOUROS MARITIME ENTREPRISES LTD.Silver Sponsors:QUINTANA MARITIME LTD.SEAWORLD MANAGEMENT & TRADING INC.STEALTH MARITIME CORPORATION S.A.TEO SHIPPING CORPORATION

4International Propeller Clubof the United StatesPort of Piraeus81st Annual ConventionFriendships Across the OceansThe Greek Maritime TraditionDear Member,The Propeller Club of the United States Port ofPireaus, is honored to host the 81st AnnualInternational Convention at Athens, Greece tobe held October 2 to October 5, 2007.The selection of our country is a great honorfor us, it being only the second time in the Club’shistory that the Convention will be held outsidethe United States.However, in order to make such an eventsuccessful, it requires strong support from ourmaritime members. Sponsorship offers a uniqueopportunity to spotlight your company to manyshipping industry leaders.We hope you will take this opportunity to becomesponsor of the 2007 convention.Apostolos DoucasChairman of the Convention CommitteeIncentivesfor the Sponsors• Sponsors’ names will appear on all thequarterly Newsletter Magazines of theInternational Propeller Club up to the 2007Convention date. Such Newsletters are beensent to 8,000 Propeller members worldwideand International Maritime Authorities.• Sponsors’ list will be also published in theSemiannual Newsletter of the Propeller ClubPort of Piraeus distributed to 400 Propellermembers and Greek Maritime Authorities.• Sponsors will be entitled to free participationfor the convention as follows:The Golden sponsor 4 participationsThe Silver sponsor 2 participationsThe Bronze sponsor 4 participation• Banner with the sponsor’s logo in the areaof the event.• All press releases will refer to sponsors.OUR SPONSORS FOR THE 2007INTERNATIONAL CONVENTIONGold Sponsors:BAYERISCHE HYPO-UND VEREINSBANK AGING WHOLESALE BANKINGOLYMPIC SHIPPING & MANAGEMENT S.A.TOYOTA HELLAS S.A.Silver Sponsors:MINISTRY OF TOURISMNATIONAL BANK OF GREECEBronze Sponsors:CELEBRITY CRUISES /S.E.EN.GREEK CHAMBER OF SHIPPINGLLOYD’S REGISTER OF SHIPSOSG SHIP MANAGEMENT (GR) LTD

the Propeller Club Newsletter3.Propeller ClubAnnual Charity BallTo celebrate the U.S. Independence Day 2006As every year, the Propeller Club of the UnitedStates, Port of Piraeus organized its AnnualCharity ball to celebrate the U.S. IndependenceDay 2006, on July 6, 2006 at the Ekali Club.All proceeds of the ball were offered to “HARA”a Center of Special Individuals, a non-profit nongovernmentorganization which was founded in1983 to offer comfortable living and quality oflife to children with special needs.During the Ball the president of the PropellerClub, Mr. Vlassis N. Katrantzos extendedgreetings to our members, and after he calledthe Ambassador of the United States, Mr.Charles Parker Ries who referred to the historyand the meaning of the 4th of July. He thenpresented a check in the amount of 20,000 € tothe representative of the “HARA”, Mrs. NinettaVafia, to support the activities of thisorganization. Mrs. Vafia thanked the PropellerClub for this donation and referred in brief tothe activities of the “HARA” Center.Present were the General Secretary of theMinistry of Merchant Marine Mr. George Vlachos,the President of the Greek Shipping Chamber,Mr. George Gratsos, Mr. Alexandros Tourkolias,Shipping Head of National Bank of Greece, Mr.Nicholaos Vouyoukas, Director General of theFirst Business Bank, Mr. Christos Kokkinis,Director of the Shipping Division of Alpha Bankand Vice President of the Propeller Club, Mrs.Christina Costaridi-Crosby from the GoldmanSachs, Mrs. Alexandra Dodge, of Merril Lynch-London, Mrs. Marianna Moschou, GeneralSecretary of the Club and the Board membersMessrs. Antonios-Stamos Faraklas, ApostolosDoucas, Yanos Gramatidis, Theodore Kontes,Costas Koutsoubelis and our Regional VicePresident for Europe and South Africa Mr. SavasKalafatides.1. The President of the Propeller Club Mr. Vlassis N. Katrantzospresenting the check to “HARA” representative.2. Snapshot from the annual Ball held on July 6th at the Ekali Club.1.2.SPONSORSALPHA BANKHEMPEL MARINE PAINTSABS EUROPEBUREAU VERITASANGELICOUSSIS SHIPPING GROUP LIMITEDAEGEAN PROTECTIVE COATINGS S.A.AMERON COATINGS

6Thanks Giving DinnerAs every year the Propeller Club, Port of Piraeus in cooperation with the AmericanHellenic Chamber of Commerce organized a membership dinner to celebrate theThanksgiving Day.During the dinner our President Mr. Vlassis N. Katrantzos offered the followingThanksgiving prayer for all of us.1. 2.3.Your Excellency, Honourable guests, Ladies andGentlemen, could you please rise.Oh, Heavenly Father,We thank thee for food and remember thehungry.We thank thee for health and remember thesick.We thank thee for friends and remember thefriendless.We thank thee for freedom and remember theenslaved.May the spirit of Thanksgiving be shared by oneand all!!Have a wonderful Thanksgiving,and may God Bless you this Thanksgiving dayand always.Mr. Ambassador, please be kind enough andjoin me at the podium, to address your Greekfriends.1. The U.S. Ambassador Mr. Charles Parker Ries refering tothe backround of the Thanksgiving Day.2. The President of the Propeller Club Mr. Vlassis N.Katrantzos extending greetings to our members.3. Snapshot from the Thanksgiving Dinner.Thank you. Vlassis and Stefanos, SecretaryGeneral Skondras, ladies and gentlemen, HappyThanksgiving.It is my pleasure to join the Propeller Club andHellenic American Chamber of Commerce againthis year for your annual Thanksgiving Dinner.Last year’s dinner was my first and I recall sayingthat I felt like I was in Pilgrim, welcomed herein the “New World” of Greece, with the hospitality,great food and useful survival tips.As I stand before you tonight, I’m still amazedby this country’s wonderful hospitality, but afterdealing with the press for a year it suffices tosay that I occasionally feel less like the Pilgrimand more like the turkey.

the Propeller Club NewsletterI’d also like to be thankful for those who, as thePresident’s Thanksgiving message put it,“answer the universal call to serve somethinggreater than ourselves”. The President notedthat “we see this spirit every day in the millionsof volunteers” who bring “hope and healing tothose in need”. In that spirit I’d like to thank themembers of my Embassy staff and others in thecommunity who gave up part of last weekend tomake a Thanksgiving dinner for the lessprivilegedat “the Ark” shelter.Now we all know the basic outline of the storyof the first Thanksgiving. It usually goessomething like this: a group of religiousseparatists set out from England on a ship calledMayflower to find a place in the New Worldwhere they could practice Religion freely. Theylanded at Plymouth Rock in Massachusetts. Theywere welcomed warmly by Native Americanswho helped the pilgrims build a settlement, plantcorn, and make it through a tough first winter.One fine fall morning, they gathered their harvest,invited the Indians over, shot wild turkeys, ateand drank merrily, and then spent the day layingon a couch watching parades and Americanfootball on TV.While mostly true, that is not exactly how ithappened.For one thing, the parades came much later.For another thing, while it is true that many ofthe Pilgrims were religious separatists, severalof them were only traders with no connection to,or interest in, their religious counterparts.It’s hard to say for sure, but it’s possible that the onlything that kept the peace between the two groupswas that they were all subject to English law.However, when the Mayflower arrived in the NewWorld, the Pilgrims quickly realized the ship theyhad strayed off course and they were in unsettledterritory. This meant that they didn’t necessarilyhave to choose English law or meet their otherobligations any longer.This presented the Pilgrims with a difficult choice.Each group could risk facing the new world alone,or they could work together.Fortunately for America’s history, they decidedto work together. To guide them, they came upwith an agreement we call the MayflowerCompact. In this document, each of the settlersrenewed their allegiance to the King, but alsoagreed to be governed in the New World by aleader elected by the group.It is hard to overstate the importance of thismoment in history. In just one paragraph, thesettlers affirmed the ancient Greek ideal ofdemocracy and they also chose civil society overcivil strife, in effect, they founded a city-state.We can all be thankful that in the four centuriessince that time, individuals in the United States,Greece, and around the world, have made thesame choices.Indeed, this year voters in Greece and the UnitedStates demonstrated that our democracies arevibrant and healthy through free and fairelections. These peaceful elections were anexample for the world around us.Another result of the Mayflower straying offcourse was that the Pilgrims found themselvesfar outnumbered by Native Americans andchallenged by the harsh New Englandenvironment.It quickly became clear to their leaders that theywould not survive without the friendship of thenearby tribes.Thus, after some initial stumbles, the Pilgrimsreached out to the Native Americans throughdiplomacy. They established trade ties. They paidfor corn that they had taken earlier. Finally, andperhaps most importantly, when an allied chiefwas unfair siege, they slowed their royalty bysending as much support as they could. In short,their diplomacy provided the security that theirnumbers could not.So when a bountiful harvest was collected nearlya year after their arrival, the settlers and theNative Americans did indeed join each other fora harvest feast, as we have tonight.I would guess that as the Pilgrims thought aboutthe year past and looked towards the future, theyknew there were many things to be thankful for,but their decisions to choose democracy anddiplomacy over other alternatives probablytopped the list.Tonight, as I reflect on the year past and yearahead, I would say no less.Now we home you’ll all join me in that other greatAmerican Thanksgiving tradition-eating untilsomeone has to roll you away from the table.Thank you very much. Stin iyea sas!

8PROPELLER CLUB80th International Conventionat NorfolkThe 80th International Conventionat Norfolk, VA October 10th-13th2006 has passed but thememories linger on.Convention Chairman Mr. DONALD R, NORMAN and Mr. APOSTOLOSDOUKAS Chairman of the 2007 Convention Committee dancing a Greekdance during the Gala dinnerWhat characterized this convention was itswarmth and hospitality which we hope willsurpass at next year’s Convention in AthensOctober 2nd-5th 2007 in the Greek MaritimeTradition.Our stand at the Norfolk advertising ourConvention was a big success.It was nicely decorated with Greek posters, withlittle presents donated by the Minister ofTourism Mrs. Fani Palli – Petralia, to whom wewould like to express our sincere thanks.We were also cosponsors of the Gala Dinner onFriday October 13th during which the American-Greek boys and girls of Norfolk danced ourtraditional dances to the delight of allattendances.Our special thanks go to the Greek Americanattorney Mr. Andrea Protogyrou a civic leaderin Norfolk for all his invaluable help andenthusiasm.Representatives of 32 Propeller Clubs from USAand Europe attended. During the various meetingsit was agreed to internationalize the Propeller Cluband as first step the Club will now be known as“The International Propeller Club of the UnitedStates”.Former Clubs presidents will form a presidentsCommittee to assist the President.Rockney Nigretto was elected the new InternationalPresident.Apostolos Doucas was elected as International 3rdVice President, being the third Greek to be electedmember of the Executive committee.By Mr. Apostolos Doucas,Chairman of the 2007 Convention CommitteeThe new officers of the International PropellerClub of the United StatesDuring the 80th International Convention, which was held at Norfolk Virginiafrom the 10th-13th of October, 2006 the new International Board was elected as follow:INTERNATIONAL PRESIDENTROCKNEY A. NIGRETTONorthwest Wire Rope & Equipement Co.2301 Lincoln Avenue, Tacoma, WA 98421Email: rnigretto@nwwirwrope.comFIRST VICE PRESIDENTROLF MARSHALLPreston, Gates, Ellis et. al.1735 New York Avenue, #500Washington, DC 20006Email: rolfm@prestongates.comSECOND VICE PRESIDENTERNEST KAUFMANLes ProteasRoute de Givrins 18CH 1276 GinginsEmail: ernest.kaufman@gmail.comTHIRD VICE PRESIDENTAPOSTOLOS DOUCASDND Management Inc.Esperides Building. 3, Esperidon Square16674 Glyfada, Athens, GreeceEmail: apdoucas@dndmanagement.grVICE PRESIDENT FOR STUDENT PORTSROBERT BAKER4716 Leo StreetPascagoula, MS 39567Email: captrt@hotmail.com

the Propeller Club NewsletterAmerican Farm Schoolof ThessalonikiIn this page from time to time wehost the profile one of the schoolsor charitable organizations whichin the past have received financialsupport from our Club.The American Farm School of Thessaloniki,Greece, is an independent, non profit educationalinstitution founded in 1904 to serve the ruralpopulation of Greece and the Balkans. Majoreducational divisions include the SecondarySchool, the Dimitris Perrotis College ofAgricultural Studies, and the department ofLifelong Learning. The School prepares itsgraduates for prominent roles in community lifeand in the agriculture and food sectors byteaching farming and business practices thatare economically viable, ecologically sound andsocially responsible. The School’s founder, Dr.John Henry House, was a practical idealist whobelieved in educating the whole individual: thehead, the hands and the heart.The historic Secondary School core programoffers girls and boys from every rural region ofGreece and accredited general high schooleducation with a practical focus on a range ofagricultural subjects. The students live in campusdormitories and follow an extracurricularprogram that reinforces strong traditions inGreek culture. All students receive full tuitionscholarships and contribute only a portion oftheir boarding costs.The Dimitris Perrotis College of AgriculturalStudies, founded in 1996 through the major giftof Mrs. Aliki Perroti in memory of her husband,develops leaders for the agricultural sector inGreece, throughout Southeastern Europe, andbeyond. The English-language curriculumprepares graduates for management positionsin the global agriculture and food industry.The American Farm School has been a leaderin the rural development of Greece throughoutthe twentieth century. The division of LifelongLearning offers short courses, seminars, andconferences to transfer to adults knowledgeand skills that are vital for sustainable ruraldevelopment.All educational and research programs at theAmerican Farm School are supported by thelarge-scale Demonstration and Teaching Farmthat includes one of the most important HolsteinFriesian dairy herds in Greece: a poultry unitusing the latest research for egg, broiler andturkey production; greenhouses; vegetablegardens; vineyards; fruit and olive trees; andfield crops.Fresh American Farm School milk and Omega3 eggs are available in limited quantities atselected Athens and Thessaloniki supermarketsthroughout the year, and famous AmericanFarm School fresh turkeys are sold in selectedAthens and Thessaloniki supermarkets andquality butcher shops during the Christmasholiday seasons. Proceeds from the sale of farmproducts support the Annual Scholarship Fundthat provides a full tuition scholarship to everystudent enrolled in the Secondary School andto a significant percentage of those enrolled inthe Dimitris Perrotis College of AgriculturalStudies.Dr. William W. McGrew serves as the Presidentof the American Farm School. A scholar with adeep commitment to education, Dr. McGrew isan eloquent spokesman for the role ofinternational educational institutions in theregion, and a recognized leader who representsthe American Farm School’s core values withdedication and vision.

10Excerpts from a messageby the Secretary Generalof IMO, mr Efthimios Mitropouloson the occasion of theWorld Maritime Day 2006Maritime activity has a key role to play in theeradication of extreme poverty and hunger. Italready provides an important source of incomeand employment for many developing countries,through such activities as the registration ofships, the supply of sea-going manpower andship recycling, as well as shipowning andoperating, shipbuilding and repair and portservices, among others. But, seen in a widercontext, shipping has an even more importantrole to play. Sea transport remains by far themost cost effective way to move goods and rawmaterials en masse around the world, and thevast majority of global trade is carried in ships.The part played by the maritime sector as anenabler of global trade and thereby globalprosperity, as well as its direct, beneficial inputto many developing economies, has made andcontinues to make a substantial contributiontowards the goal of halving poverty by the year2015. Such a welcome development will lead, intime, to progress with other Millennium Goals,particularly those related to education and health.For shipping moves the world’s burgeoning trade,while international commerce promotesproduction, job creation and greater socioeconomicprosperity. And the combination of allthese has, undoubtedly, the potential to lift peoplefrom hunger and poverty and also eradicate lifethreateningdiseases.Overall, there is no doubt that the world is makingprogress towards achieving many of the MillenniumDeclaration of the General Assembly of the UnitedNations, although, as several Heads of State orGovernment disconcertingly acknowledged at the2005 World Summit, not currently at the desirablerate that would ensure the achievement of theGoals by 2015 deadline. Nevertheless, it was ofcrucial importance that so many Heads of Stateor Govervment took the opportunity of the Summitto reaffirm their faith in the United Nations and thevital importance of an effective multilateral systemin meeting the challenges and threats confrontingour world today.IMO and its Members are playing their part. Ourresponse to the MDGs, and to their strong reaffirmationat the 2005 World Summit, has beento emphasize, once again, the key strategic roleour technical co-operation activities play inbuilding capacity among the disadvantaged andempowering them to build a better andsustainable life for the future.If the Millennium Development Goals are to beachieved, we will all need vision, foresight,purpose and strength of will. It can be done; butit will not happen unless we all take up thechallenge and act together, pro-actively,positively, and with due sense of responsibilitytowards our planet and the children of ourchildren.Thank you.f

the Propeller Club NewsletterIn this page we publish profiles of companies which have been sponsors of our events.Eletson’s Corporate ProfileEletson is considered to be one of the largest,as well the most professional operators of mediumand large range product tankers in the world.Its fleet comprises of 24 product tankersranging between 45.425 dwt to 106.106dwt insize.All ships fly the Greek flag.Eletson is controlled by the families of JohnKarastamatis, Apostolos Hadjieleftheriadis andEric Kertsikoff.The origins of the business date back to 1966.Prior to establishing the company, its ownershad been involved in the industry as mastermariners, primarily aboard tankers. Thisexperience influenced the direction of thecompany, which by the end of the 1970s wasoperating 17 handysize tankers, mainly in thecrude oil market.In the early-1980s, the company moved awayfrom the crude oil sector and became morefocused on the product carrier market. In 1981,Eletson embarked on the first of its fleetreplacement and modernization programs,concentrating on the acquisition of second-handtonnage.By 1985 the company placed an order with KoreaShipbuilding & Engineering (KSEC) for 45,000dwt product tankers with double hull. From thattime on, the company has not looked at secondhandor single-skinned tonnage.On 1996 Eletson sold its last single hull producttanker and since then it has owned and operatedan hull-double hull fleet.The fleet today comprises of 11 handymax, 9panamax and 4 aframax product tankers.In 1993, Eletson Holdings became the firstEuropean and Greek shipping company to issuenotes in the US capital markets, raisingUS$140m. In 2001, the Company prepaid thehigh-yield bond at par two years in advance ofits final maturity.Recently Eletson placed a newbuilding orderfor six 52.000 dwt medium range (MR) tankersat Hyundai Mipo Dockyard (HMD) for delivery inthe second half of 2009 and at the first half of2010.Following that Eletson placed a newbuildingorder for four 35.000cbm, high specificationLPG/ammonia carriers at HMD, all of which areset for delivery during 2009.Finally, Eletson also orderd two 51.000 dwt MRtankers at South’s Korea’s SLS Shipbuilding,for delivery in late 2008.In terms of employment, the vessels areoperated mainly spot but also on time-chartersworldwide, mainly carrying refined petroleumproducts, and occasionally crude oil.f

12The Excursion to Berlin1.1. Group photo from the excursion in front of theBrandenburg gate.2. Another group photo from the excursion to Berlin infront of the SANS SOUCI PALACE.2.The International Propeller Club of UnitedStates, Port Piraeus, Creece, organized a fourdayexcursion to Berlin, December 1-4, 2006.Berlin, a huge and extensive city of 3,5 millioninhabitants, is a place of contrasts whichoriginate from the coexistence of the old andnew. Also of the grandeur of old times combinedwith the influence of socialism after the secondworld war. Easy city, hospitable with manyattractions and surprises.Berlin still bears the wounds of the war.The program of the visit to the capital of thelargest country of Europe was as follows:The first day was mostly spent, as usuallyhappens, to traveling and the rest included avery interesting guidance at the major centerof the city.The next day was the day of museums. A visitto the Pergamon museum and then to themuseum of Egyptian art, where dominates thefamous bust of Egyptian queen Nefertiti.The lunch at the TV tower gave the opportunityto the group to admire a panoramic view ofBerlin.The third day, Sunday, was devoted to a visit tothe famous city of Potsdam and guidance to thewell-known palace Sans-Souci of the EmperorFrederic the Great. Afterwards the group visitedthe palace of Cecilienhoff where, after the endof the second world war, the allies signed theagreement of “the future of new Europe”.Next day, after sufficient free time, the groupflew back to Athens.It should be mentioned that the excursion toBerlin was very pleasant, interesting andsuccessful and this is mostly due to thecooperation of the very effective guide, of Greekorigin, Alexis Dimitrief and the leader of thegroup Dimitris Zorbalas who did everythingpossible to maker the whole trip agreeable.By Mr. Stratis Molinos, a Board Memberf

the Propeller Club NewsletterLloyd’s GreekShipping Award2006Mr. Christos Kokkinis, 2nd Vice President of the Propeller Cluband head of the Shipping Division of the Alpha Bank, presentingthe award to Mr. Antonis Pappadimitriou.The Lloyd’s List the daily maritime newspapersuccessfully organised for the third year TheLloyd’s Greek Shipping Awards to honor theGreek shipping industry.The International Propeller Club of United States,Port of Piraeus, as one of the supportingorganizations nominated and the judging panelapproved the ONASSIS FOUNDATION for the”Lifetime Achievement Award” for its 30 yearssuccessful performance in the shipping industryand Greek society.The Award was sponsored by ALPHA BANK.List of companies with the mostnumerous vessel participationin the AMVER SystemCOMPANYNumber of vesselsEnterprises Shipping & Trading S.A. 40Thenamaris (Ships Management) Inc 40Tsakos Shipping & Trading S.A 39Marmaras Navigation Ltd. 37Anangel Shipping Enterprises S.A. 34Eastern Mediterranean Maritime Ltd. 26OSG Ship Management 26Danaos Shipping Co. Ltd. 24Minerva Marine Inc. 23Eletson Corporation 20COMPANYNumber of vesselsOlympic Shipping and Management S.A. 17Chartworld Shipping Corp. 15Prime Marine Management 15A. M. Nomikos Transworld MaritimeAgencies S.A. 13Fairsky Shipping & Trading S.A. 13Cardiff Marine Inc. 12Ceres Hellenic Shipping Enterprises Ltd. 11Arcadia Shipmanagement Co. Ltd. 10Cyprus Sea Lines S.A. 10The Board of Governors of theInternational Propeller Club, of theUnited States. Port of Piraeus, expressesits thanks and appreciation to ourmembers:Mr. VLASSIS N. KATRANTZOS for hissignificant offer and installation of analarm system in our premises.Mr. DEMETRIS ZORBALAS for hisgenerous contribution of 500 € to coverpart of the printing expenses of thisissue.Mr. DEMETRIOS PAPAKOSMAS for hisgenerous donation of a Letter FoldingMachine.

14The PROPELLER CLUBTHE INTERNATIONAL PROPELLER CLUB OF THE UNITED STATES INTERNATIONAL PORT OF PIRAEUS, FOUNDED IN 1935To promote Maritime relations, Commerce and goodwillbetween the United States and citizens and residents of GreeceΦιλανθρωπικό μη κερδοσκοπικό σωματείοΑπόφ. Πρωτ. Αθηνών 515/94MEMBERSHIP APPLICATIONSurname Initials NameBusinessCompany NamePositionStreet Number City Postal CodePhone Number FAX Number E-MailHOME (Optional)Street Number City Postal CodePhone Number FAX Number Portable Phone NumberAdditional Personal DataNationality Birthday Highest Education Level AchievedCorrespondance Buss. Sponsored by 1to be sent to Home Sponsored by 2Initiation Fee € 50 Date / / SignatureAnnual Dues € 100For Club use onlyMembership Yes Board of Yes Applicant notified by Fee Paid onCommittee No Governors No the Secretary on

the Propeller Club NewsletterPropeller ClubNewsDuring the 80th International Conference of thePropeller Club the following decisions weretaken:1. The name of the organization was changedfrom the Propeller Club of the United Statesto the International Propeller Club of theUnited States.2. A Committee of former Presidents wascreated with full voting rights to assist theincumbent President.3. Membership dues were increased by USD 5or USD 2,50 for non U.S. Clubs.Propeller ClubOffice inBrusselsPropeller Club Chief Executive Mr. BartGoedhard announced that the Propeller Club ofthe United States has arranged the use of anoffice in Brussels for Propeller Club Membersvisiting Brusssels. The office is located in oneof the most sought after business addresses inEurope – directly across the street from theEuropean Commission Parliament building.Accommodations include a fully equipped privateoffice, fully equipped conference room,secretarial support, etc. The office is locatedat:European Community Shipowner’s AssociationsRue Ducale 451000 Brussels, BELGIUMAll reservations to use the office must gothrough Propeller Club HQ. Any invoicesassociated with using the office such as catering,postage, conference calls etc., will be theresponsibility of the user.Owner:Executive DirectorEditorial BoardINTERNATIONAL PROPELLER CLUBof the United StatesPort of PiraeusJohn VeymosS. Molinos, D. ZorbalasINTERNATIONAL PROPELLER CLUBOf the United StatesPort of Piraeus87, Akti Miaouli, GR 185 38Tel: +30 210 429 0976,Fax: +30 210 429 0974e-mail: propclub@otenet.grwww.propellerclub.grNewsletterThe PROPELLER CLUBTHE INTERNATIONAL PROPELLER CLUB OF THE UNITED STATES INTERNATIONAL PORT OF PIRAEUS, FOUNDED IN 1935