| Business Summary | | Anangel-American
Shipholdings
Limited
is
engaged
in
the
charter
of
ocean-going
cargo
vessels
and
the
acquisition
and
disposal
of
such
vessels.
The
Company
intends
to
focus
its
dry
cargo
operations
in
such
a
manner
as
to
service
the
demands
of
energy
related
transportation.
As
of
May
18,
2001
the
Company
owned
and
operated
21
vessels:
two
multipurpose,
seven
handysize,
seven
Panamax
and
five
Capesize,
with
a
further
two
Panamax
vessels
on
order.
The
current
fleet
totals
1,616,519
deadweight
tonnes
which
have
an
average
age
of
10.2
years,
compared
with
approximately
14.5
years
for
the
world
dry
bulk
feet
in
excess
of
10,000
deadweight
tonnes
at
that
date.
The
Company's
dry
cargo
fleet
is
managed
by
Anangel
Shipping
Enterprises
S.A. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Anangel-American
Shipholdings
Limited
is
a
holding
Company
for
subsidiaries
engaged
in
acquiring
and
operating
ocean-going
dry
cargo
vessels.
For
the
three
months
ended
3/31/01,
revenues
rose
28%
to
$26.3
million.
Net
income
rose
62%
to
$7.6
million.
Revenues
reflect
the
addition
of
two
Capesize
newbuildings,
resulting
in
an
increase
in
the
size
of
the
Company's
fleet.
Net
income
also
reflects
a
decrease
in
operating
expenses
and
a
decrease
in
interest
expense. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
23,262;
after
tax
earnings
were
7,987. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | John Angelicoussis | Chairman,
Pres | P. Xanalatos | VP | Demetrios Stylianou | Treasurer,
Director | K. Sparkes | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|