Page 10: of Maritime Reporter Magazine (April 2006)

TEN Buys Nine Tankers

TEN bought nine ice class 1A tankers from Western Petroleum for $530m. The fleet consists of six 53,000-dwt medium range chemical/products carriers deliv- ered by Hyundai Mipo Dockyard last year and three 116,000-dwt coated

Aframax product carriers for delivery from Hyundai Heavy Industries in May,

August and October this year.

Green Reefers Sells Ship

Green Reefers sold M/V Green Igloo for $2.1m. The vessel is 73,000 cu. ft. and built in 1983. The transaction gen- erates a profit of about $1m and gener- ates free cash of about $800,000.

In 2005 Green Reefers expanded its fleet with a total of nine vessels, where- of seven vessels have been purchased by the company.

TOP Sells 13 Vessels

TOP Tankers sold 13 vessels — nine

Suezmax carriers and four Handymax carriers — for $550m, which will be immediately leased back under five- to seven-year contracts. TOP expects cash proceeds of about $240m from the deal.

After the sale, TOP will operate 27 ves- sels, with nine fully owned and 18 char- tered and fully controlled.

Crager New CEO of Intec

Heerema Holding and the Supervisory

Board of Intec have named Bruce

Crager chief execu- tive officer of

Houston-based Intec

Engineering, effec- tive Feb. 14, 2006. Crager was presi- dent of ABB Offshore Systems Inc. and previously senior vice president of

Oceaneering International Inc., with responsibilities for mobile offshore pro- duction systems.

Bollinger Announces

Management Changes

As Bollinger Lockport New

Construction (BLN) continues to grow,

Bollinger Shipyards, Inc. announces changes to its managerial staff. Dennis

Fanguy has been appointed vice presi- dent of quality management system.

René Leonard has been appointed director of engineering and commercial programs. Daniel Richardel has been appointed director of production for

Bollinger Lockport New Construction.

MSHS Promotes Boehme,

Elsholz

Motor-Services

Hugo Stamp (MSHS) promoted Juergen

Boehme to Vice

President of Service.

Boehme started with

MSHS in 1991 and has served as Service

Manager for the past 13 years. MSHS also announced the pro- motion of Torsten

Elsholz to Service

Manager. Elsholz started with MSHS in 1991 and has worked for the past 15 years as a Service Engineer.

Aker Opens Florida Office

Aker Yards Lifecycle Services (LCS) specializes in ship conversion and refur- bishment. Aker Yards offers a full range of services: Conversion, Passenger Area and Ship System Services, including consulting, project development, project management, turn-key projects, mainte- nance and spare parts. To support LCS in North America and the Caribbean, a sales and consulting agency called Aker

Yards Ship Service has been established in Ft. Lauderdale, Fla. Jarmo Seppälä, the newly appointed President of Aker

Yards Ship Service Inc., will head the office.

Patent Numbers 3,338,874; 5,467,924; 5,797,427; 5,725,157; 6,007,000; 6,012,433; 6,321,723; 6,511,002

Serving the Power, Marine and Industrial Markets Since 1947.

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UNITED STATES

Engine Systems, Inc. 1220 Washington Street

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Carol Stream, IL 60188

PHONE: (630) 871-1111

FAX: (630) 871-8997

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Houston, TX 77029

PHONE: (713) 671-6200

FAX: (713) 671-6286 1400 Destrehan Avenue

Harvey, LA 70058

PHONE: (504) 347-4326

FAX: (504) 341-2084

Valley Power Systems, Inc. 11300 Inland Ave.

Mira Loma, CA 91752

PHONE: (951) 681-9283

FAX: (951) 360-4637

AUSTRALIA, S.E. ASIA

EMD Service International LCC 1133 First Avenue

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BRAZIL

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BRAZIL

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FAX: 55-11-3660-2874

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Winnipeg, Manitoba R3T 0P6

CANADA

PHONE: (204) 452-8244

FAX: (204) 452-2153

EUROPE, AFRICA

Turner Diesel Ltd.

Unit 1A, Dyce Industrial Park

Dyce, Aberdeen AB21 7EZ

Scotland, UNITED KINGDOM

PHONE: 44-122-472-3925

FAX: 44-122-477-0221

Contact your regional distributor for sales and service.

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INLAND

ENERGY SERVICES

Circle 243 on Reader Service Card 10 Maritime Reporter & Engineering News

Boehme

Elsholz

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