Leo L. Mellam, chairman of Flexi-Van Corporation, the New York City-based maritime equipment leasing company, recently announced the appointment of Hasko W. Hofmeister as vice president, Western Region of its subsidiary, Flexi-Van Leasing, Inc.
Mr. Hofmeister will direct the company's container and chassis leasing activities from San Francisco.
Flexi-Van Leasing, Inc. spans five continents, with over 219 offices where over $400 million in intermodal equipment is provided to the transportation industry worldwide.
Prior to joining Flexi-Van, Mr.
Hofmeister was a vice president at Pacific Far East Line, Inc., a San Francisco-based steamship company. Previous to that, Mr.
Hofmeister was associated with, and one of the founders of, Trans Ocean Leasing, a West Coastbased international intermodal leasing corporation. During his association with the intermodal container-leasing industry, he developed and implemented intermodal transportation service systems for U.S. exporters and im- porters throughout the world.
Using his extensive experience and expertise in all modes of transportation, he was responsible for developing total distribution programs for exporters and importers.
Flexi-Van Corporation, the parent company, recently announced third quarter earnings for 1977 of $5,545,000. The corporation also announced net income for nine months, September 30, 1977, of $13,368,000. According to Mr.
Mellam, chairman of Flexi-Van: "Mr. Hofmeister brings to the corporation's West Coast operations personal expertise and an in-depth knowledge of the region's marketing needs." Flexi-Van Leasing, Inc. is located at 351 California Street, San Francisco, Calif. 94104.
most efficient way to finance equipment to keep up with the robust demand? Is ownership of the vessel through a loan structure the best option, or would a lease make better use of working capital? Another issue that operators face is how to evaluate the wave of marine lenders now entering the market and vying
. The "jumboization" increased the vessel's length to a C-8 vessel equivalent and more than doubled its refrigerated cargo-carrying capacity. Farrell leased the S/S Austral Entente in 1973 through a leveraged lease financing arrangement with General Electric Credit Corporation (GECC), the shipowner
DiFlo International recently announced that the company is introducing a monthly lease program for its Series 1000 Fuel Management Systems as an alternative to an outright purchase, according to Thomas E. Prosser, DiFlo president. Available to financially qualified operators of vessels and fleets in
loan (if there is any). The potential lender describes the collateral, lists any additional collateral to be pledged; describes the method for release of additional collateral; names guarantors; specifies loan amount and down payment. The lender will propose the term of the loan; the interest rate
A group of Oregon investors has purchased FMC Corporation's Marine and Rail Equipment Division in Portland, bringing corporate ownership back to the State. The new company, named Gunderson Inc., will re-establish more than 400 manufacturing jobs in the Portland area. The acquisition was spearheaded
the New York City Metropolitan Area waterways. Proposals are requested from qualified contractors for providing equipment and related services on a lease basis. The proposed demonstration project will use a minimum of one and not more than three highspeed marine vessels, with a minimum seating capacity
Shipbuilding subsidiary at the former Brooklyn Navy Yard, and the largest commercial ship ever ibuilt in the United States, the Brooklyn will be leased by General Electric to a corporation which has a 25-year time 'charter to American Petrofina, Inc., a Dallas, Texas-based oil company. Joseph
wished to purchase a new inland waterways tank barge for its fleet. For various reasons, BargeCo’s balance sheet would not support conventional loan or lease financing from the financial institutions that were the usual sources of financing for this type of vessel. Word of BargeCo’s plight reached HopperCo
by GE Credit. The Stuyvesant, like its sister vessels, is capable of delivering 1,600,000 barrels of oil. GE Credit has arranged a 20- year leveraged lease of the vessel to the newly formed shipping corporation, Queensway Tankers, Inc., which in turn has arranged a three-year time charter to SOHIO to
. Zidell is a long-established marine repair and construction company located on the Willamette River. It builds barges of all types for sale or lease, and operates extensive repair facilities for ships and barges in two drydocks and large-scale ship fitting areas. Zidell Marine Corporation, Tacoma
Sea Containers Atlantic Ltd., the Bermuda affiliate of Sea Containers Inc., One World Trade Center, New York, N.Y. 10048, has announced the signing of a letter of intent with Nippon Kokan K.K., Japan, for the construction of four large containerships. The proposed vessels will each have a capacity
. . .www.alliedsystems.com/crane/ . . . . . . . . . . .(800) 285-7000 31Kongsberg Maritime . . . . . . . . . . . .www.kongsberg.com/maritime . . . . . . . .Please visit us online 3American VULKAN Corporation . . . .www.vulkan.com . . . . . . . . . . . . . . . . . . . . . . .(863) 324-2424 5KVH Industries, Inc
This directory section is an editorial feature published in every issue for the convenience of the readers of MARITIME REPORTER. A quick-reference readers’ guide, it includes the names and addresses of the world’s leading manufacturers and suppliers of all types of marine machinery, equipment, supplies and
P PRODUCTS HEAVY LIFT & DECK MACHINERY timated 390 tons and reach of more than optional 670 HP (500 kW) electric drive Sennebogen SENNEBOGEN will deliver the ? rst 130 feet, the 895 E is the largest material motor. It’s offered with a choice of three of its new 895 E Series model to North handler
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P PRODUCTS HEAVY LIFT & DECK MACHINERY Cimolai Technology Heavy Lift to Assist Shipbuilding Operations Images: Cimolai Technology imolai Technology Spa, the a span of 60 m and height of 60 m and Cimolai Technology Spa has been also lifting platform or used independently Italian company specialized
V VESSELS PATROL CRAFT Damen Patrol Vessels for Offshore Nigeria amen recently delivered a companies. Features of the 33m vessels four weeks and travel 1,200 nm in and ity and cost effectiveness to the bene? t pair of FCS 3307 high-spec include Damen’s trademark Axe Bow around Nigeria’s coastal and
S SHIPMANAGEMENT FLAG “As a shipping company that is part of an oil company, our pri- mary role is managing marine risk, our secondary role is trans- porting oil.” Steve Herron, GM of Fleet Operations, Chevron Shipping Photo: Chevron and develop. A certain trust has devel- tal regulations adopted by the
VOICES NICK BROWN, DIRECTOR OF MARINE AND OFFSHORE, LLOYD’S REGISTER what we believe will be prototype ves- LR research suggests that the cheap- as weather routing but these can only Digitalization has also enabled LR to sels, contracted and constructed in the est zero carbon fuels are going to be go
OFFSHORE WIND THE INSTALLATION FLEET 14-meter leg extensions to manage off- transport of higher and heavier turbine Delft Offshore Wind Turbine Concept tion between research partners TU Delft, shore sites with deeper water and higher components. (or DOT), in just one hour, using the ? rst TNO, Van
OFFSHORE WIND THE INSTALLATION FLEET 110MW Changhua wind farm in 2020. Both wind farms are currently under construction.” Esteyo’s ELICAN Seajacks concept. UK-based Seajacks has been operating in the off- Source: ALE shore wind business since 2006. Since then, it’s built the Kraken, Leviathan, Hydra
OFFSHORE WIND THE INSTALLATION FLEET Brave Tern and Bold Tern in port of Esbjerg Source: Fred. Olsen Windcarrier watt (MW) turbines could be available tractors and there are questions over neck in handling these large turbines You really need big machines, bigger in the timeframe of those projects.
ENVIRONMENTAL GREEN SHIP RECYCLING Mrs. Saltkjel stated, “We are careful not but choose not to follow the regulations In order to ensure that EU SSR and HKC are making procedures that ? t the actual to use the words ‘certifying’ or ‘validat- when they are not being externally moni- are adhered to
ENVIRONMENTAL GREEN SHIP RECYCLING n May 2014 National Geograph- is tremendous pressure from both gov- The Wrong Way to Recycle A Vessels a cash buyer, the new owner will use a ic wrote an in-depth article on ernment regulators and within the ship- To place pressure on both shipowners number of different
, aircraft, systems Guard’s Arctic Strategic Outlook, re- Tmission ship to provide for the for many years. and people capable to operate there. With leased in April 2019. nation’s security, asserting its sovereign Global interest in the extreme latitudes icebreaking one of the Coast Guard’s 11 “In
T THOUGHT LEADERSHIP: OFFSHORE WIND “The US needs to develop a work- force from scratch,” noting that a mas- sive campaign was undertaken in the UK, something that needs to start now in the United States. Laura Smith, USA Director for Atlas Professionals from renewable energy? NJ wants to de- to the
nately, in this instance, the essential is little incentive to make those invest- black box also records your location, stall updates and changes as released? vessel control systems had not been con- ments. driving habits, and automotive health Will the ship builder (and its contractors) nected to
N BY THE NUMBERS CHINA Powered by Chinese Fleet Age Pro? le Age Group Number of Vessels Total Value USD m On Order 349 $13,471 0-4 1,109 $46,622 5-9 1,788 $29,870 10-14 1,023 $9,527 15-19 509 $3,385 20-24 454 $1,617 25-29 229 $475 30-34 124 $203 35-39 74 $111 40+ 72 $70 Grand Total 5
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MARINE EQUIPMENT pational safety, property and the envi- 2.1 declaration is a document in which Conclusion ronment. This promotion is achieved the manufacturer declares that the With so many organizations in- through the establishment and veri? - products supplied are in compliance volved and documentati
MARINE EQUIPMENT Navigating the Rough Waters of Marine Certi? cation By Dr. Alexandre Orth, a Senior Manager at Marine & Subsea Technologies at Bosch Rexroth he marine industry brings its own unique set of chal- concerns, legal matters, technical cooperation, maritime lenges. With the ‘All Subsea Factory’
measure of light bending as it passes through one medium into another), color, and absorption spectra. NOAA also states that total suspended solids (TSS) is a quantitative measure of the total dry weight mass of the particles or material present in a given amount of water. Measuring TSS is important
OFFSHORE WIND INVESTING FOR THE FUTURE mand for new boat construction and covered,” said Marcia Blount. “But While any shipyard requires con- repair, caused the Blounts to step back for the new aluminum vessels (i.e. tinual investment, Blount Boats has and evaluate how to best utilize their offshore
ech file T “There are 440 alarms connected to each engine. For 20 of these, the alarm is a signal for us not to start the engine. These alerts go straight to vessel managers’ mobile phones so that checks can be carried out before the vessel leaves the harbor – and, crucially, this enables us to act
Cut downtime through preventative maintenance Monitoring engines and other criti- cal equipment enables the crew and the vessel operations team to take re- medial action before equipment suf- fers catastrophic failure. This offers many logistical bene? ts. For example, operators can minimize the level