The Link 2011
The Link 2011
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PRESIDENTS NOOK
Josephine M. Roldan Crewcare, Inc. President
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A new challenge has been assigned to Mr. Michael Bodouroglou, President & CEO of Paragon Shipping and Box Ships Inc. Mr. Michael Bodouroglou was officially inaugurated into the function of Honorary Consul of the Slovak Republic in Piraeus. The Ambassador of the Slovak Republic Mr. Ian Voderadsky gave an official ceremony in order to mark this important event. As Mr. Bodouroglou said I will try to promote the business links between the two countries and create new investment opportunities in the maritime and industrial sectors.
Some of the other noteworthy points about the harsh life on ship in the bygone days can be recounted as follows: Shipping and flogging so as to ward off unruliness that could develop amongst the crew. The disciplinary action would also used to be taken so as to set an example to the other crew members. Punishments in the form of execution by hanging were also meted out to crew members guilty of causing a mutiny.
The food available in the olden days of ship life were stale and far past their usability, mainly because of months and months of sailing without touching anymore. This was also because of lack of refrigeration infrastructure and cold storage. Meat used to be preserved with salt and the sailors had to consume them because of lack of other fresh food commodities. Beef, pork and fish were the meats available at the sailors disposal. Excessive salt consumption led to sailors developing health problems. Beverages apart from water included ale and other wine. The food and drinks were stored in wooden casks in the deep interior of the ship. The quality of food storage used to be poor and unhygienic which made life on board ship difficult. Maggots, rats and other creatures used to infect the food items causing a lot of health problems to the sailors life on ship. Another important unfavorable face of nautical history about ship life in the olden days was the occurrence of diseases which were very common. Lack of vitamin C caused scurvy, responsible for innumerable fatalities on board a vessel. Other life threatening diseases recounted about the bygone history of sailors included malaria and yellow fever. Lack of proper warmth was another area which accounted for a distasteful maritime history in the olden days. Fires were not allowed to be lit on the deck areas and only in the ships kitchen (galley) were there fires burning. Combined with the lack of ventilation, personal hygiene and dampness, a lot of sailors suffered. Moreover, on many ships the crew used to sleep on the main deck as there were no below deck compartments. The maritime profession demanded a huge price from its professionals. The sacrifice and the perseverance of the seamen to make the best out of the worst scenarios made them extremely noteworthy in the timeline of nautical history. 4
Containerization changed not only the face of shipping but it also revolutionized world trade as well. A container ship can be loaded and unloaded in a few hours compared to days in a traditional cargo vessel. This, besides cutting labour costs, has reduced shipping times between points to a great extent, for example it takes a few weeks instead of months for a consignment to be delivered from India to Europe and vice versa. It has also resulted in less breakage due to less handling and there is less danger of cargo shifting during a voyage. As containers are sealed and only open at the destination, pilferage and theft levels have been greatly reduced. Allseas Marine S.A/Paragon Shipping and Box Ships added more containerships in its fleet. The companies have 7 containers from August 12, 2010 to this date. Containerization has lowered shipping costs and decreased shipping time, and this has in turn helped the growth of international trade. Cargo that once arrived in cartons, crates, bales, barrels or bags now comes in factory sealed containers, with no indication to the human eye of their contents, except for a product code that machines can scan and computers trace. This system of tracking has been so exact that a two week voyage can
ThelatestadditioninourcontainershipfleetistheMSCEMMA:
:MSCEMMA :MARSHALLISLANDS :4424 :V7WY6 :MAJURO :9275646 :LAWRY SHIPPING LTD. : TrustCompanyComplex,Ajeltake Road, Ajeltake Island,Majuro,Marshall Islands MH96960,MarshallIslands Commenting on the recent events, Mr. Michael Bodouroglou, Chairman, President and CEO of the Company stated With the addition of the MSC Emma, we are delivering on our strategy to expand the fleet by purchasing a vessel that is accretive to both our earnings and dividend per share. In addition, we increased our contracted charter coverage to 93% of our revenue days in 2012, 71% in 2013, and 41% in 2014 by securing employment for the vessel for three years at an attractive rate, and further diversifying our portfolio of charterers, while maintaining a solid balance sheet with approximately 53% leverage after the planned acquisition. We remain alert to identify the proper expansion opportunities to take advantage of the attractive fundamentals in the containership sector and in a manner that increases our free cash flow and dividends to shareholders.
Yourcollectiveeffortshaveimmenselycontributedinthe continuedgrowthofAllseas MarineSAdespitethe challengingtimesintheglobalshippingindustry.Atthe moment,Allseas iscontinuingwithitsexpansionprogram withtherecentacquisitionoftwocontainershipsandthe placementofsevennewbuilding orders, proudlystatedMr. Skrimizeas. TheconstantgrowthofAllseas augurswellforCrewcareaswell asformanyothercompetentandqualifiedFilipinoseafarers sincethiswouldmeanmoreemploymentopportunitiesonboard thevesselsofAllseas.TheAllseas Greekexecutivesaidthattheir decisiontoputupanofficeinManilahasproventobeagood one.ThisdecadehasbeenfullofexperiencesforCrewcareand forustoo.IamjustgladthattheFilipinoofficersthatwe recruitedatthetimewestartedarestillthesamepersonswho arestillonboardonmostofourvesselsnow, Mr.Skrimizeas said. 7
Weconsiderourcrewmembersandtheirfamiliesaspartofourfamily.We knowmostofthemandtheyknowustoo.Duringourfirstdecadeof operation,Crewcarehasproventobeacompanythatreallycares and supportseachandeverymemberofitsfamily.Ithasalsoshownitsconcern forsocietythroughsociocivicundertakingssuchasmedicalmissionsand feedingprogramsamongotherinitiatives, remarksMr.Skrimizeas.He likewisereiteratedAllseas commitmenttotheprofessionaldevelopmentof itsFilipinoseafarersaswellastheirwelfareandcontinuedwellbeing includingtheirfamiliesthroughvarioustrainingandfamilywelfareprograms. SenatorRichardJ.Gordonaccentuatedthesignificanceoftheoccasionnot onlyforCrewcarebutalsoforthemaritimeindustry,astheeventsguestof honorandspeaker. SenatorGordonlaudedbothCrewcareandAllseas forachievingimportantmilestonesinaverycompetitive maritimeindustry.HecitedtheofficersandstaffofCrewcareandtheirFilipinoseafarersfortheirdeterminationand formeticulouslylogginginhoursofhardworkthatnaturallyfueledthecompanysconstantgrowth.Helikewise commendedAllseas foritscontinuedtrustandpreferenceforFilipinoseafarerstoserveonboarditsmanaged vessels.ThefactthatmostofAllseas vesselsaremannedbyfullFilipinocrewcomplementsspeakshighlyofthe confidenceoftheGreekcompanyinthecapabilityofFilipinoseafarersasworldclassmariners,"SenatorGordon enthused. GordonalsourgedtheFilipinoseafarersofCrewcareandAllseas nottorestontheirlaurels andralliedthemtocontinueupgradingtheirlevelofprofessionalcompetencethatwill eventuallyredoundtotheirownbenefitandthatoftheirrespectivefamilies. GreekAmbassadorStefanidou alsodeliveredamessageduringtheprogramandshefocused onthesharedcommonvaluesofGreekand Filipinoswhenitcomestostrongfamilyties.Sheaddedthatbothnationalitiesalsohaverich maritimetraditions,thusfurtherstrengtheningtheconnectionbetweenthetwocultures. AmbassadorStefanidou isalsoproudthatGreecehasthebiggestmerchantmarinefleetin theworld,andmostoftheirvesselsarealsoemployingFilipino seafarers,whichisbuta testamenttotheeconomicpartnershipbetweenthetwocountries. Followingthespeeches, Mr.Skrimizeas,Ms.RoldanandCapt.Doumenis,handedoutaLoyaltyAwardtoMs.Helyn Tamisan,AccountsManagerofCrewcare,forhavingbeenwiththecompanyforallofits10 yearsinexistence. TheofficialslikewisehandedoutaBestPerformingVesselAward for2010toMV FriendlySeas,whichwasreceivedby2/ERizalado.CombiningChristmaswithFilipiniana motif,theeventsworldclassentertainmentnumberswereprovidedbytheFolklorico FilipinoDanceCompany,theIntramuros CulturalDancers,andtheDonBosco Chorale. Crewcares RobertDagaleaalsocroonedseveralballadswhilethecompanyscadets renderedaveryinspiringpantomimeplaythatdrewoohs andaahhs fromtheaudience, thuscompletingtheeventswidearrayofentertainment. Capt.Doumenisdrewcurtaincalltothemeaningfulprogrambydeliveringtheclosing remarks.Allseas wouldnothavepostedits constantgrowthifnotforthesignificantcontributionsofCrewcareandthecompetent andqualifiedFilipinoseafarersitregularlyprovidesourvesselsparticularlyintheaspect ofproductivity. Fromaprivatecompanybackin1993,Allseas MarineSAhas transformedintoaglobalinternationalshippinggroupfrom1996 untiltoday.The companystartedmanagingtankervesselsbackin2000.Fiveyears later,Allseas began managingbulkcarriers.In2010,Allseas forayedintothecontainershipmarketwiththe acquisitionoftwocontainerships. Thecompanyhasalreadyattainedaleadingpositionintheshippingindustryandiscommitted tothehighestquality,integrity,environmentalstandardsofshippingservicesaswellasbusiness ethicsoncoursetowardbusinessexcellence.Allseas Marineisnowknownallovertheworldas anexcellentfirstclasscargocarrier. 8
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There is much more that the Church would like to do to impart Gods mercy to the least of our Lords brethren. However , means are not enough and these activities could hardly be sustained. The Parish Priest of the Annunciation of the Theotokos Orthodox Church located in Sucat, Paranaque City, Philippines through Father Nikitas Mellios sought assistance or donations from various Greek Manning Companies and Nationals here in Manila to sustain the needs of the Church. There have been times when there were blackouts in the church, no food for the children, the water supply cut off and so on. Allseas Marine S.A and Crewcare, Inc.s vision for their Corporate Social Responsibility is to be of help to the needy and especially the poor. A generous amount was given to Father Mellios through Allseas Marine SAs General Manager, Mr. George Skrimizeas for their Church. Father Mellios thanked Mr. Skrimizeas and said that the donation given to them will go a long way in helping the Church continue its ongoing mission of love.
The story of the Philippine National Red Cross is the story of men and women from all walks of life who have dedicated themselves to the service of humanity. It is the tale of hundreds of thousands of ordinary people who devoted their time and resources to help the poorest of the poor. Professionally trained and truly compassionate, these men and women are ready to lend a helping hand to those in need whoever, whenever and wherever they may be. For our Crewcares CSR, our Principal decided to donate a certain amount to help the Philippine Red Cross save lives, and this donation was coursed through Former Senator Gordon of the PNRC. Mr. Skrimizeas, the General Manager of Allseas Marine/Paragon and Box Ships handed over the check to Sen. Gordon.
At present, the PNRC provides six major services: Blood Services, Disaster Management, Safety Services, Community Health and Nursing, Social Services and the Red Cross Youth. All of them embody the fundamental principles of the International Red Cross and Red Crescent Movement humanity, impartiality, neutrality, independence, voluntary service, unity and universality. These values guide and inspire all Red Cross staff and volunteers, to whom being a Red Crosser is more than just a philosophy but a way of life.. The heroism of the Philippine National Red Cross members are really commendable, and this is our companys aim, to be of help to those in need . 10
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