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
Diran Majarian
Managing Director
Diran Majarian is Managing Director at 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 more than 30 years of experience in maritime and shipping industry. His areas...
GLG NewsSMAnalyses by Leading Experts at Amalia Tankers Inc(?)
Top 5 Recent NewsWhilst it is true that there are numerous cancellations in the pipeline, the impact depends on the size range of the tonnage. In the end, however, the markets will not return to health until greater demand for cargo carried.
TOP Ships has done some very timely restructuring over the past few months, selling vessels restructuring debt and terminating lease obligations. They have improved liquidity and contained leverage. They have increased secured employment cover. Given that TOPS was in technical loan default with their asset coverage ratio's from the beginning of the year and there was pressure...
Eagle has an ambitious newbuilding program ahead in a weakening freight markets and tight credit conditions. It has maintained a generous dividend policy, which is conditional to meeting its debt covenants. It should look to strengthen its balance sheet in current market conditions and the brewing world-wide recession. It should consider seriously cutting dividends until market conditions improve
Nordea and Lloyds TSB, which agreed the $170m deal in May on five bulkers, appear to have alleged that “certain events of default” have taken place, including its financial condition changing for the worse. They are said to have provided cash for daily operations and requested vessels to be sold.
Britannia was one of a very few shipping IPO's this year. It had a rocky start from inception. The initial issue did not go well and it has been a downwards trajectory every since. Presently it is caught in a potential liquidity bind with falling fleet utilization, falling charter rates in the spot market, and operating losses in the face of high leverage and ambitious fleet expansion...
GLG Study Groups Relevent to Leading Experts at Amalia Tankers Inc(?)
| Top 5 Study Groups | Members |
|---|
| Capital Structure Specialists | 88 |
| Container Leasing Professionals | 50 |
Events Hosted by Leading Experts at Amalia Tankers Inc(?)
Total Events: 0View All GLG Seminars in Energy & Industrials