Lease Equipment

  • 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

  • MN Jun-19#4th Cover MARINE CRANES
in way of changes to the NY Canal’s 
work)
    June 2019 - Marine News page: 4th Cover

    MARINE CRANES in way of changes to the NY Canal’s work barge had to be made in order to install the crane. “The existing holes through the four-inch foundation mounting plate were drilled to accept slightly larger bolts and an additional four holes were drilled to increase the total number of mounting

  • MN Jun-19#3rd Cover MARINE CRANES
Exceptional 
(Market) 
Reach Lifts a 
Crane)
    June 2019 - Marine News page: 3rd Cover

    MARINE CRANES Exceptional (Market) Reach Lifts a Crane Retro? t to Success T e New York State Canal System, Advance Marine and MelCal Cranes all enjoy a reputation for versatile applications in challenging conditions. It’s no wonder that their recent deal to replace an aging maintenance crane

  • MN Jun-19#22 COLUMN OP/ED
?  re?  ghting is not a pro?  table or)
    June 2019 - Marine News page: 22

    COLUMN OP/ED ? re? ghting is not a pro? table or sustainable venture. For determine that marine ? re? ghting services require dedi- example, to meet the regulatory standards ASA companies cated assets in contrast to vessels of opportunity currently have pre-positioned marine ? re? ghting equipment

  • MR Jun-19#58 This directory section is an editorial feature published)
    June 2019 - Maritime Reporter and Engineering News page: 58

    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

  • MR Jun-19#57 Maritime Reporter & Engineering News’  Marine Equipment)
    June 2019 - Maritime Reporter and Engineering News page: 57

    Maritime Reporter & Engineering News’ Marine Equipment Guide Hydraulic and Marine Safety Pneumatic Equipment A C A.1 Valves C.1 Safety & Survival Gear A.2 Actuators Business news you can Ship Equipment D trust and advertising results you can count on. D.1 Helm Chairs We have you covered in every

  • MR Jun-19#55 P
PRODUCTS MARINE ELECTRONICS
NEW MT 603 Series 
Radio)
    June 2019 - Maritime Reporter and Engineering News page: 55

    P PRODUCTS MARINE ELECTRONICS NEW MT 603 Series Radio Holland: Water-Activated GPS EPIRB NavCom Package for The MT603FG Two Cutter Suction Dredgers water-activated, Radio Holland Netherlands (Rotterdam) recent- GPS-equipped ly booked an order to deliver a NavCom pack- Emergency Position age to two

  • MR Jun-19#49 MarTID 2019: the second annual maritime training insights)
    June 2019 - Maritime Reporter and Engineering News page: 49

    MarTID 2019: the second annual maritime training insights database OPINIONS ON AUTONOMY in marine fuel from 3.5 to 0.5% by 2020, and long- term the proposal to reduce greenhouse gas emissions While technology behind the advent of autonomous operations is ubiquitous 50% by 2050. On the commercial side

  • MR Jun-19#45   have participated in “sale- leaseback” 
host of smaller)
    June 2019 - Maritime Reporter and Engineering News page: 45

    Kamsarmaxes, totaling 3.9 million dwt) able to participate in Teekay Corpora- with Nakilat, the Qatar-owned ? eet (tied have participated in “sale- leaseback” host of smaller ships. The ? eet includes tion (TK), Teekay Tankers Ltd. (TNK), to gas producer Qatargas- the world’s transactions where

  • MR Jun-19#38   The rig was contracted to BOT lease  ing ex-GulfMark vessels))
    June 2019 - Maritime Reporter and Engineering News page: 38

    SS/DD Due. 2019, Keppel FELS) for $122 million. the merger, non-core tonnage (includ- hand transactions in the OSV sector The rig was contracted to BOT lease ing ex-GulfMark vessels) has quickly and 23 in the OCV sector. In the OSV in 2014 for $240 million. been making its way to the breakers’ sector

  • MR Jun-19#35 world yearbook
BULKERS
BY OLIVIA WATKINS, HEAD CARGO)
    June 2019 - Maritime Reporter and Engineering News page: 35

    world yearbook BULKERS BY OLIVIA WATKINS, HEAD CARGO ANALYST, VESSELS VALUE NEWBUILD SECOND HAND three-year lows. This was represented DEMOLITION Many Chinese companies have been To contrast the limited activity in the The bulker market as a whole has in the sale and purchase market with a stepping up

  • MR Jun-19#20 T
TECH: RENEWABLE ENERGY
Ef? cient Wave Power ... Really!
en)
    June 2019 - Maritime Reporter and Engineering News page: 20

    T TECH: RENEWABLE ENERGY Ef? cient Wave Power ... Really! enewable energy production er source, energy storage, and wave Hydraulics, Bosch-Rexroth, Deeptek, Wave-generated power is of? cially ‘hot’, as a num- damping units co-located with existing HYDAC, ISCO Pipe, Wire Co./Lank- could be considered

  • MR Jun-19#19  BOEM wind energy area lease bids 
jumped to $135 million)
    June 2019 - Maritime Reporter and Engineering News page: 19

    ,” he said, referencing, for example, the huge increases in site valuations. “In Massachusetts,” Norton points out, “re- cent BOEM wind energy area lease bids jumped to $135 million, up from $42 million a few years earlier and just $1.5 million in an earlier round of bidding.” Another critical Strategy

  • MR Jun-19#16  on the  Once BOEM awards the lease to the  Federal Register)
    June 2019 - Maritime Reporter and Engineering News page: 16

    . expected to come online in 2020. service platforms. In an April 30, 2019, pipeline of offshore wind farms on the Once BOEM awards the lease to the Federal Register notice (the comment horizon, the maritime industry can ? nal- highest quali? ed bidder, the agency Next Steps: Compliance

  • MR Jun-19#15 I
INSIGHTS: CYBER SECURITY
Naval Dome CEO
“A Maritime)
    June 2019 - Maritime Reporter and Engineering News page: 15

    I INSIGHTS: CYBER SECURITY Naval Dome CEO “A Maritime Disaster Waiting to Happen” ince the founding in 2016, Na- val Dome and its Endpoint cy- ber defense system has helped “The maritime industry is Sto protect merchant ships and just not prepared for yachts from cyber-attack. In 2019, it op- timized

  • MR Jun-19#12 I
INSIGHTS: GOVERNMENT UPDATE
ed several times.  The)
    June 2019 - Maritime Reporter and Engineering News page: 12

    I INSIGHTS: GOVERNMENT UPDATE ed several times. The changes, among countries or places. sisted for at least 48 hours; (3) has more board is or may be contaminated with a other things, make it easier for the CDC Operators of ships on international than common diarrhea; (4) has severe communicable

  • MR Jun-19#11 Series 9100 Digital Communication System 
installed on)
    June 2019 - Maritime Reporter and Engineering News page: 11

    Series 9100 Digital Communication System installed on Multi-Mission Interceptor (MMI) from SAFE Boats International The David Clark Series 9100 Digital Marine Communication System Operators require comfortable equipment when they are “ underway...missions are long, with many hours on the boat. The

  • MR Jun-19#6 MARITIME
Editorial
REPORTER
AND
ENGINEERING NEWS
M A R I N)
    June 2019 - Maritime Reporter and Engineering News page: 6

    MARITIME Editorial REPORTER AND ENGINEERING NEWS M A R I N E L I N K . C O M HQ 118 E. 25th St., 2nd Floor New York, NY 10010 USA Tel +1 212 477 6700 Fax +1 212 254 6271 www.marinelink.com FL Of? ce 215 NW 3rd St Boynton Beach, FL 33435-4009 Tel +1 561 732 4368 Fax +1 561 732 6984 Publisher John C.

  • MT Jun-19#60 Products GPS, Gyro, MEMS, Tracking
Horizon IMU to Complete)
    June 2019 - Marine Technology Reporter page: 60

    Products GPS, Gyro, MEMS, Tracking Horizon IMU to Complete the Navsight Marine Solution SBG Systems debuted the Horizon nology to the most demanding environ- indicators for satellite availability, RTK IMU, a FOG-based high performance ments such as surveying highly dense as corrections, and power.

  • MT Jun-19#57 The Marine Institute’s Centre for Marine Simulation offers)
    June 2019 - Marine Technology Reporter page: 57

    The Marine Institute’s Centre for Marine Simulation offers high-? delity, state-of-the-art technol- ogy, 360-degree visuals, and motion systems. The Centre can replicate specialized oil and gas operations including anchor handling on the Hibernia Offshore Operations Simulator. programs that range from

  • MT Jun-19#45 Image Courtesy Yaskawa’s The Switch
China challenge: 
The)
    June 2019 - Marine Technology Reporter page: 45

    Image Courtesy Yaskawa’s The Switch China challenge: The Switch presence in China includes this site in Luan. based wind turbines. The hope is to also for wind. A factory in Lu’an makes con- Parpala says, “Generally speaking, it get them buying drives for wind-service verter components. Beijing and

  • MT Jun-19#42 Optimized drive: Fred Olsen Ocean’s Brave Tern.
Image:)
    June 2019 - Marine Technology Reporter page: 42

    Optimized drive: Fred Olsen Ocean’s Brave Tern. Image: Fred Olsen/Handout bold, given the size of the vessels used. “In marine, people’s lives depend on what you do,” said Par- pala. “In wind, people rely on the quality of what you deliver. In a highly electrical world, it’s important to have high reli- abi

  • MT Jun-19#34 NORBIT DCT 
Hydrographic Survey Made Easy
By Pawel Pocwiardo)
    June 2019 - Marine Technology Reporter page: 34

    NORBIT DCT Hydrographic Survey Made Easy By Pawel Pocwiardowski, Product Director, Sonar Systems, NORBIT Subsea ith the increasing number of maritime ? ciency of survey. operations worldwide, more and more For the past years, NORBIT has been leading the manufac- hydrographic surveys are required to be

  • MT Jun-19#31 LeeWay Odyssey transits to Bedford, Nova Scotia to test)
    June 2019 - Marine Technology Reporter page: 31

    LeeWay Odyssey transits to Bedford, Nova Scotia to test the Kraken Kat? sh. survey market. management. Strap a LARS on the port The actual problem, based on the anal- and starboard decks, launch a few USVs UNDERWATER UNDERWATER ysis we’ve done, is that robotics alone and increase your ef? ciency by

  • MT Jun-19#18 Tech Notes Canada
GeoSpectrum  
Specialist Acoustic)
    June 2019 - Marine Technology Reporter page: 18

    Tech Notes Canada GeoSpectrum Specialist Acoustic Components By Tom Mulligan artmouth, Nova Scotia based acoustics spe- Components designed and manufactured by the company cialist company GeoSpectrum Technologies are tested with a range of on-site equipment to ensure these Inc, a producer of underwater