NEWS – Page 18

AEC adds further expertise

3 de July de 2012

AEC has effective from the 9th of July 2012 engaged Mr. Thomas P. Mayr to work with and control the company’s risk profile, including the various related derrivatives. Mr. Mayr has extensive knowledge in the area, and its instruments, from various international shipping and commodities companies.

“We know Tom for many years and have also worked directly with him in the past. His profound knowledge and thoroughness has gained great respect over the years.” say CEO Lars-Peter Madsen.

NGP Sponsorship of AEC Creates Powerful New Drybulk Industry Presence

25 de May de 2012

Friday the 25th of May 2012 – NGP Natural Resources X, L.P. (NGP – www.ngpenergycapital.com) and Agriculture & Energy Carriers (AEC – www.aecarriers.com) have announced that, as of May 23, 2012, NGP has acquired AEC.

NGP is part of a family of natural resources focused private equity funds with over $13 billion of committed capital under management since inception in 1988. AEC – already an established specialist in commercial relationships involving ocean-transported commodities – is now well-positioned to expand the size and scope of its business, and to spearhead possible mergers and acquisitions as well as direct vessel investments on a global basis.

Effective immediately, Lars-Peter Madsen has been appointed Chief Executive Officer of AEC.

“We are immensely pleased with our new equity structure and the inevitable growth opportunities that it represents,” said Madsen. “NGP is a brand-name natural resources industry investor that has consistently driven value for its operating partners.”

“AEC now has an expanded platform that will generate proprietary opportunities as we continue to attract and develop the highest-quality business partners,” added Madsen.

Eduardo SaFreitas has been appointed AEC’s Chief Financial Officer.

“NGP’s confidence in us sends a strong message throughout the industry. We are now perfectly situated to capitalize our operations and create exceptional value for further investment,” said SaFreitas.

“Our investment in AEC provides the catalyst for this world class management team to effectively grow and transform their shipping platform,” said Mark Zenuk, an NGP Managing Director. “We look forward to working with AEC on future investment opportunities.”

AEC transport approximately 33,500 mts of Bulk Petcoke for Messrs Garcia Munte Energia, Spain

16 de May de 2012

MV Oriental Harmony loaded a full cargo of Bulk Petcoke for Messrs Garcia Munte at the Valero Terminal in Houston, Texas, USA and discharged the cargo in Huelva, Spain.

The Valero Houston Refinery began operations in 1942 and has gone through numerous modifications and expansions. The refinery is a mid-sized plant with a total throughput capacity of 160,000 barrels per day and produces a wide range of petroleum products. Valero acquired the Houston refinery when it purchased Basis Petroleum from Salomon Inc. in 1997. The refenery is located on the Houston Ship Channel.

MV Oriental Harmony is a 35,196 mt dwat Bulk Carrier, Built 2011, with five hold/hatches and 4 x 30 mts cranes.

Valero Houston Refinery

Bulk Petcoke

MV Oriental Harmony

Messrs Vitol of Switzerland engage AEC for the shipment of Bulk Anthrasite from Berdyansk, Ukraine to Ghent, Belgium, Belgium.

12 de May de 2012

Berdyansk is located in the Sea of Azoz. The access from the Mediterranean Sea is via Bosporous Strait (Turkey) through the Black Sea and then via Kerchensky Strait into the Sea of Azov.

The Kerch Canal (Kerchensky Strait) has a draft restriction of only 7.8 meters.

Antracite is extracted directly from the mines and contains a high proportion of carbon, low volitility and low sulphur content, which give it excellent properties for use in reductions processes or as source of energy.

AEC compeleted the discharging in Ghent of the approximately 22,000 mts of Bulk Anthracite on the 11th of May 2012.

Bulk Anthracite

Loading at Berdyansk Flag

Discharging at Ghent

AEC carry about 31,500 mts of shredded scrap from the UK to Eqypt.

10 de April de 2012

MV Four Diamond, a 34,053 dwat Bulk Carrier, loaded a full cargo of shredded scrap, stowing about 50 cbf/mt, at Liverpool for account Messrs S. Norton to Alexandria.

The very fine scredded scrap (see picture below) and proper handling of the cargo ensured a trouble-free operation without any kind of stevedore damages to the vessel in loading and discharging

Loading of shredded scrap with hatchcover protection

Shredded scrap in cargo hold

AEC continue the ‘wheat trend’ and loads two wheat cargoes totalling 60,500 mts from Rouen, France.

22 de February de 2012

Apart from running a regular wheat program from Argentina and Uruguay to Brazil, AEC also carry wheat loaded in northern France.

MV Four Diamond, a 34,053 dwat Bulk Carrier, loads wheat at Rouen for account Messrs Lecureur, France destined for Casablanca, Morrocco.

MV Irini F, a 42,264 dwat Bulk Carrier, also loads wheat at Rouen, France for account Messrs Bunge, Switzerland destined for Algeria

View of Rouen City

Casablanca or Dar El Bayda (“the white house”)

City of Bejaia, Algeria

AEC goes full speed with its Argentina/Uruguay – Brazil wheat program scheduling five vessels to load wheat in Argentina/Uruguay during December 11/January 12.

15 de January de 2012

AEC has extensive internal knowhow and support concerning the supply of wheat to the Brazilian Wheat Mills. In the early 1990’s professionals, now working for AEC, penetrated the Argentina-Brazil wheat trade to become the first to represent a foreign carrier shipping bulk wheat cargoes from Argentina to Brazil. The volume shipped grew rapidly to become the largest carrier of wheat Argentina-Brazil.

Now AEC is solid in that trade and has scheduled two vessels to load bulk wheat at the River Plate, one vessel in Nueva Palmira and two vessels in Bahia Blanca. The vessels are discharging at several different ports in Brazil. The five vessels are loading a total of about 145,000 mts of bulk wheat.

The latest vessel scheduled being the MV Western Maple,

a 32,493 Deadweight Single Deck Bulk Carrier, Built 2010 (Headowners: Western Bulk Carriers AS, Oslo, Norway).

AEC carry Fertilizers for Messrs Vale from the U.S. Gulf to Brazil.

14 de December de 2011

On the 14th of December 2011, AEC commenced loading 29,356 mts bulk granulated Sulphur (fertilizer grade) in the port of Beaumont, Texas, USA. The cargo was loaded under contract for Messrs Vale Fertilizantes S.A., Brazil and is being discharge in Santos, Brazil.

AEC goal is to become more active in the fertilizer trades but also to further develop the close relationship with Vale in other trades.

The performing vessel is the MV Clipper Tarpon, a 30,427 mt Deadweight Single Deck Bulk Carrier, Bahamas Flag, Built 2010 (Headowners: Clipper Shipping – T-Pool).

AEC takes 2011 built Box-Shaped / Double-hull Bulker of an innovative design on long term charter and concludes the vessel’s first AEC employment

8 de November de 2011

Agricultural & Energy Carriers (AEC) has concluded a long term charter for the sophisticated designed Box-Shaped Bulker Carrier MV Four Diamond and is sending her on the first AEC employment carrying a full cargo of bulk wheat from the U.S. Gulf. The vessel is the second in the world of this new innovative design.

The vessel is briefly described as follows:

MV Four Diamond

Single Deck Double-Hull Box Shaped Bulk Carrier

34,053 Dwat on 9.85 m ssw (TPC 51.1)

Built 2011 / Cayman Islands Flag

Loa 180 m / Beam 30 m

4 x 30 mts Cranes

5 ho/ha

Grain cubic including hatch coamings:

1) 7,781.40

2) 9,488.00

3) 9,483.40

4) 9,483.80

5) 9,273.20

Total 45,509.80

Tanks Top Strength 22 mt per m2 in all holds

GRT/NRT (Int) 23,985/10,652

Australian Hold Ladders/CO2/ SOLAS/Smoke Detection/Electrical Holds Ventilation fitted

Speed/Consumption:

15 knots ballast on 25 mt IFO (380cst) M/E + 2 mt IFO Aux – No diesel at sea

14 knots laden on 27 mt IFO (380cst) M/E + 2 mt IFO Aux – No diesel at sea

Vessel may consume MDO while changing ballast, ballasting / deballasting, cleaning holds, entering and leaving ports / canals and maneuvering in confined / restricted waters.

Port consumption: Idle 3 mt IFO (380 cst) / Working 4.5 mt IFO (380cst)

All details ‘about’ and given in good faith.

AEC is providing first class service in the South American agriculture trade

4 de October de 2011

On the 19th of August 2011 Agricultural & Energy Carriers (AEC) agreed to provide their services for the carriage of 30,000 mts corn from Paranagua, Brazil to Puerto Cabello, Venezuela. The Charterers Agri Commodity Trade Inc, Weston, FL – U.S.A had a need to load a minimum/maximum cargo quantity with a narrow spread of days for the arrival window in the loading port.

AEC was capable of meeting all of the Charterers needs and provided first class performance of the voyage utilizing the vessel MV CMB Boris, a 33,717 mt Deadweight Single Deck Bulk Carrier built at Samjin Shipbuilding Inc, Weihai, China in 2011 (Headowners: Bohandymar Ltd. – Bocimar).

The AEC staff and management is in procession of decades of experience with all of the South American trades, which resulted in a smooth and trouble-free performance of the this grain voyage to Venezuela. The voyage started on the 31st of August 2011 and ended on the 4th of October 2011.