Hellenic Carriers Limited Appointment of New Manager (4155L)
12 8월 2013 - 3:00PM
UK Regulatory
TIDMHCL
RNS Number : 4155L
Hellenic Carriers Limited
12 August 2013
Hellenic Carriers Limited
Press Release 12 August 2013
Appointment of New Manager
Hellenic Carriers Limited, ("Hellenic" or the "Company") (AIM:
HCL), an international provider of marine transportation services
for dry bulk cargoes, announces that its wholly owned subsidiaries,
the vessel owning companies of the operating vessels M/V Hellenic
Wind, M/V Hellenic Horizon and M/V Konstantinos D will terminate
(at no cost/ without compensation) the existing management
agreements entered into with Hellenic Shipmanagement Corp., the
current Management Company of the aforementioned vessels.
Accordingly the existing sub-management agreements with Mantinia
Shipping Co. S.A., the current Technical Manager of the vessels
will also be terminated on the same basis.
Hellenic Carriers Corporation S.A., ("HC Corp"), a related party
company ultimately controlled by the controlling shareholders of
Hellenic, will be appointed as Manager of the aforementioned
vessels and of the vessels currently under construction upon their
delivery.
Under the management agreements, HC Corp will provide the
relevant wholly-owned subsidiaries with the following services:
-- Commercial management services including the negotiation of charter parties;
-- Supervising the sale and purchase of vessels in accordance
with the ship owning Companies' instructions;
-- Implementation, monitoring and audit of the safety management
system in connection with the ISM certification;
-- Arranging of insurance for all the vessels;
-- Attending to the regular operation and performance of the
vessels and the handling of claims;
-- Attending to all matters with regard to supply of bunkers,
lubricants and other kind of materials, stores and provisions;
-- Recruiting and employing seamen and arranging for the
execution of the contracts of employment;
-- Attending to the maintenance, repairs, modifications, supply
and classification requirements of the vessels;
-- Negotiating and executing contracts for the repairs or
conversions/modifications in shipyards worldwide subject to the
previous consent of the vessel owning company and generally
performing all actions necessary for the accomplishment of the
above;
-- Accounting services;
In accordance with the management agreement, HC Corp will charge
management fees in the amount of US$30,000 per month per vessel as
well as 1% brokerage commission on revenue earned and 1% on each
Sale & Purchase transaction concluded.
The Company's directors, with the exception of any director
involved in the transaction as a related party, having consulted
with its nominated advisor consider that the terms of the
transaction are fair and reasonable insofar as its shareholders are
concerned.
ENDS
For further information please contact:
Hellenic Carriers Limited
Fotini Karamanli, Chief Executive Officer
E-mail: info@hellenic-carriers.com +30 210 455 8900
Panmure Gordon (UK) Limited
Andrew Godber +44 (0) 20 7886 2500
Charles Leigh-Pemberton
Capital Link
Nicolas Bornozis +1 212 661 7566 (New York)
Ioanna Messini +44 (0) 20 3206 1322 (London)
E-mail: helleniccarriers@capitallink.com
Further Information - Notes to Editors
About Hellenic Carriers Limited
Hellenic Carriers Limited operates through its subsidiaries a
fleet of dry bulk vessels that transport iron ore, coal, grain,
steel products, cement, alumina, and other dry bulk cargoes
worldwide. The fleet consists of three vessels, comprising one
Panamax, one Supramax and one Handymax with an aggregate carrying
capacity of 169,116 dwt and a weighted average age of 16.2 years.
Two new building vessels currently under construction, both
Kamsarmaxes with an aggregate carrying capacity of about 164,000
dwt are scheduled for delivery within 2013.
Hellenic Carriers is listed on the AIM of the London Stock
Exchange under ticker HCL.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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