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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. Interstate Diesel UNITED STATES Engine Systems, Inc. 1220 Washington Street Rocky Mount, NC 27801 P.O. Box 1928 (27802-1928) PHONE: (252) 977-2720 FAX: (252) 446-3830 Inland Energy Services 210 Alexandra Way Carol Stream, IL 60188 PHONE: (630) 871-1111 FAX: (630) 871-8997 Stewart & Stevenson Services, Inc. 8631 East Freeway 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 Harvey, LA 70058 PHONE: (504) 340-7034 FAX: (504) 349-5788 BRAZIL Retam Diesel Rua-Dr. Alfredo de Castro 200 Sao Paulo Cep 01155 BRAZIL PHONE: 55-11-3660-2860 FAX: 55-11-3660-2874 CANADA Midwest Power Products 1460 Waverley Street 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. OEM Partner Diesel fuel prices won’t be bottoming out anytime soon. One way to attack the problem is switching to high performance fuel injectors from Interstate Diesel. Fuel savings of 3% and greater have been documented in independent tests with our ECOTIP ® Superstack Injectors and verified by feedback from users. Results Confirmed Electro-Motive ran similar tests which validated these findings. Estimates in savings range from $10,000 to $18,000 per locomotive, per year, depending on the duty cycle. Further Options For savings greater than 3%, specify our designed-to-application ECOTIP ® Special Injector. It can be specially configured to maximize fuel savings…or our ECOTIP ® Ultrastack Injector, with its “straight-shot” fuel delivery system which reduces the fuel penalty in Electro-Motive Tier 0 engine kits. Added to fuel savings, these injectors reduce smoke, No x and particulate matter for a win-win situation. Call for more information. 4901 Lakeside Avenue, Cleveland, OH 44111-3996 or call (800) 321-4234; Fax: (216) 881-0805. www.interstate-mcbee.com/emd/emd.htm INLAND ENERGY SERVICES Circle 243 on Reader Service Card 10 Maritime Reporter & Engineering News Boehme Elsholz MR APRIL2006 #2 (9-16).qxd 4/3/2006 11:38 AM Page 10
