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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
Page 1: January 2007 Volume 4, Number 17The
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Page 6 and 7: 6Thanks Giving DinnerAs every year
Page 8 and 9: 8PROPELLER CLUB80th International C
Page 12 and 13: 12The Excursion to Berlin1.1. Group
Page 14 and 15: 14The PROPELLER CLUBTHE INTERNATION

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