View non-flash version
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 ^ Please complete and return to the ShipRepair and Conversion 2001 Secretariat, informa marldmeS. transport \ 69-77 Paul Street, London EC2A 4LQ, UK. Tel: +44 (0)20 7553 1547 Fax: +44 (0)20 75531612 Email janet.austin@informa.coin Name Position Company Business Type Address Postcode Telephone Fax E-mail "Lloyd's" is the trademark of the society incorporated by the Lloyd's Act 1671 in the name of "Lloyd's" DATA PROTECTION The personal information shown on this brochure or provided by you. will be Wd on a database and may be shared with companies in the Infotma Grow in die UK and memationally Sometimes vour details may be cttainedtrom, or made available to. external companies for marketing purposes If you do not wish your details to tensed for mis purpose. please write ro the Dati^Manaaa.lnfotma Group n.C.Enter^ Circle 279 on Reader Service Card www.maritimereportennfo.com 56 www.maritimereporterinfo.com Maritime Reporter & Engineering News
