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Page 66: of Maritime Reporter Magazine (August 2001)
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Hyundai Heavy Wins
LNG Orders
South Korea's Hyundai Heavy Indus- tries won $340-million orders to build two LNG carriers for Golar LNG of
Norway. One of the ships will be deliv- ered by December 2003 and the other by
July 2004, said a spokesman for
Hyundai. With the new contracts, LNG orders for Hyundai Heavy have risen to six ships this year, worth about $1.02 billion, he said.
P&O Cruises Looks
To Boost Yield
P&O Princess Cruises, the world's third largest cruise operator, said lower holiday prices would cut revenue yields this year, but added it still hoped to boost earnings by cost cuts and lower tax rates. P&O Princess reported a slight fall in second quarter pre-tax profits to $93.8 million from $95.2 million a year ago, but earnings per share rose seven percent to 12.9 cents.
Lower prices led to the fall in pre-tax profits, and P&O Princess Cruises added in a statement that pricing
OfAdal puMnfia—
Lloyd's List t/
SHIP care
LSM remained "competitive" in its key North
American market, which counts for 75 percent of group turnover.
Analysts at Lazard investment bank felt P&O's international operations in
Europe and Australia, where the compa- ny said its trading environment was "positive," could help offset the effects of lower yields. Lazard, which rates
P&O Princess shares "outperform," added that the cost-cutting program could also boost its performance.
S.Y. Kuo Succeeds Steve Lin As
Evergreen Chairman
Captain S.Y. Kuo has been named
Chairman of Evergreen Marine Corpo- ration (Taiwan) Ltd., the shipping arm of the Evergreen Group, effective June 20, 2001. Captain Kuo, who will be headquartered in Taipei, succeeds Sun- san (Steve) Lin, who has been appoint- ed to the new position of Evergreen
Group Vice Chairman.
Captain Kuo was dispatched to the
U.S. in 1974 to establish Evergreen's full container liner services between
Asia and the North America market and had been involved with Evergreen in
America for 25 years.
Steve Lin joined Evergreen Marine in 1974 as a junior vice president and in 1977 was named executive vice presi- dent. In 1982, he was appointed presi- dent of EMC, a position he held until being appointed vice chairman in 1988.
Seabulk's CFO Elected
FICPA President
The Florida Institute of Certified Pub- lic Accountants (FICPA) has appointed
Seabulk's senior vice president and
CFO, Steve Nouss, as incoming FICPA president for the 2001-02 fiscal year, effective July 1. Nouss, who was elect- ed as FICPA's 94th president, will pro- vide leadership to the new, streamlined, 30-member Board of Governors, ensur- ing a smooth implementation of gover- nance changes passed last year. Nouss has been an active member of FICPA for 15 years, serving on a variety of com- mittees including nine times on the
Association's Board of Governors and six terms on its Executive Committee.
ACO Promotes Management
Positions
Abdon Callais Offshore, a marine transportation service company, has announced the following promotions:
Av Verdin was elected operations vice- president; Richard Savoie, logistics coordinator, also assists with trafficking vessels; Johnny Ordoyne has joined the management team as personnel coordinator; and Kenneth Lacoste has been named marine manager. www.shiprepairex.com
The Ship Care
Exhibition and
Conference
November 28th and 29th 2001
Grand Hall Olympia, London i * repair conversion hhjRepa^J
Conversion ^iBrf • i vft ma
IB maintenance m t«k aftersales
Lloyd's List events
Please send me more details on exhibiting at Shiprepair and Conversion 2001 ^
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