Amalia Tankers Inc
Amalia Tankers Inc. is a shipping group principally focused on the parcel chemical tanker business. Its primary market has been the Northern European-Eastern Mediterranean regional market with stainless vessels of Dwt 6.000 size with small tanks and multigrade capacity. In this trade, the principal turnaround port is Rotterdam, with two to three intermediate ports elsewhere in Europe and the Mediterranean. Common products carried are white phosphoric acid, BTX chemical feedstock and their derivatives, ethylene dichloride, acrylonitrile as well as MTBE, lubricating oil and occasionally edible vegetable oil. The scope of our business requires certification for both chemicals and oil products. Due to the hazardous nature, many parcel chemical cargoes are IMO 2 category. The business operates in a highly regulated environment involving multiple inspections and Major approvals.
Area of focus:
Access to market players and major brokers, Active in business development, Financial scope in capital markets and banking, Focus in the chemical parcel tanker business, Operational experience/ Technical expertise
Leading Experts at Amalia Tankers Inc(?)
Total Experts: 1
Managing Director
Diran Majarian is the Managing Director of Amalia Tankers, a ship management company specializing in the transport of sophisticated parcel chemicals on the basis of international joint ventures with end-users. Mr. Majarian has over 30 years of experience in maritime and banking industry. His areasof...
GLG NewsSMAnalyses by Leading Experts at Amalia Tankers Inc(?)
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
Top 5 Recent News
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Odfjell is well positioned in the current shipping crisis
September 28, 2009
Diran Majarian, Managing Director, Amalia Tankers Inc
Oiltanking Odfjell Terminal Singapore Pte Ltd secures a 6 year Syndicated Term Loan Facility of SGD 200 million (USD 138 million) | www.yourprojectnews.com
Odfjell is one of the big four traditional parcel chemical tanker operators together with Stolt Nielsen, JO Tankers and Tokyo Marine. Odfjell controls 17.8% of the global core chemical market. They have an integrated logistical system with tank storage, large chemical tanker fleet and sizeable contract book with end users. They are expanding their tank storage business to complement their ME partnership...
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Things seem to be looking up for Navios Maritime Partners
September 23, 2009
Diran Majarian, Managing Director, Amalia Tankers Inc
Navios offers | www.tradewinds.no
The New York-listed company (NMM) announced recently that it would sell 2.8m units to help fund its fleet expansion. The sale of 2.8m units would bring in $34.18m at the offer price. The company has attracted a lot of attention for its opportunistic Capesize purchases of four units in June and two additional units with long term charters in August. Whilst the parent Navios Maritime Holdings reported...
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Grand Union - Aries (RAMS) merger: where is the value?
September 17, 2009
Diran Majarian, Managing Director, Amalia Tankers Inc
GrandUnion in big | www.tradewinds.no
This reverse merger is one of the strangest shipping deals ever done. Aries (RAMS) is an ailing NASDAQ-listed company with nine product tankers, two container ships and big financial problems. The deal is a barter where Aries acquires three middle-age Capesize bulk carriers in return for a complicated share exchange agreement as well as management and debt restructuring. Whilst the deal may be...
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Eagle/ Kelso partnership: constraints and options
August 16, 2009
Diran Majarian, Managing Director, Amalia Tankers Inc
Eagle Bulk principal's new private-equity pact adds unusual twist to shipmanagement fees | www.tradewinds.no
Eagle is presently limited at best in its ability to acquire new vessels, even at distressed levels with constraints to pay half of any future equity raises to reduce debt. By the Kelso partnership, Eagle CEO Zoullas will work with Kelso to pursue vessel purchases on a private basis but will pay commercial and technical management fees to the public company for any bulk carriers acquired. Eagle...
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Will there be any distress deals in shipping?
August 9, 2009
Diran Majarian, Managing Director, Amalia Tankers Inc
Peter G weighs up his options | www.tradewinds.no
Since the fall 2008, public policy response to the financial crisis has to reinflate asset prices by flooding the markets with massive central bank liquidity. Banks have not been aggressive in covenant breaches. Some major shipping players feel that asset prices are artificially high. ATM share offerings have enabled public companies to bail themselves out. All eyes are presently on the quality...
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GLG Study Groups Relevent to Leading Experts at Amalia Tankers Inc(?)
| Study Group Name | No. Members |
|---|---|
| LNG Experts | 169 |
| Capital Structure Specialists | 89 |
| Container Leasing Professionals | 52 |
GLG Live Meetings Hosted by Leading Experts at Amalia Tankers Inc
Total Events: 1
Recent Seminars
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October 14, 2008 | London
GLG Seminar: (London) Impact of Credit Market Crisis on Global Shipping Industry
View all GLG Live Meetings hosted by Leading Experts at Amalia Tankers Inc