| | Business Summary | | Stelmar
Shipping
Ltd.,
established
in
September
1992,
is
an
oil
tanker
management
company.
Stelmar
Tankers
(Management)
Ltd.,
a
subsidiary
based
in
Vouliagmeni,
Athens,
is
responsible
for
the
technical
management
of
the
ships
and,
via
Stelmar
Tankers
(UK)
Ltd
based
in
London,
for
their
commercial
activities.
The
Company
currently
operates
11
tankers
ranging
from
the
39,500-metric
tonne
(mt)
Fulmar
and
Colmar
to
the
104,000mt
Jacamar
and
P.
Alliance.
Of
the
11
ships,
10
are
on
time
charter
and
one
(City
University)
is
on
the
spot
market. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Stelmar
Shipping
Ltd.
is
an
international
tanker
company
that
owns,
operates
and
manages
a
fleet
of
tankers
that
primarily
carry
refined
petroleum
products
and
to
a
lesser
extent
crude
oil.
For
the
six
months
ended
6/30/01,
revenues
rose
24%
to
$39.9
million.
Net
income
totaled
$11.6
million,
up
from
$4.4
million.
Revenues
reflect
increased
time
charter
contract
sales.
Higher
income
also
reflects
lower
voyage
expenses
and
decreased
interest
expenses. | | More
from
Market Guide: Significant
Developments |
| | Officers | | Peter
Goodfellow,
CEO
Stamatis
Molaris,
CFO
Stelios
Haji-Ioannou,
Chmn.
George
Karageorgiou,
Secy. | More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/s/sjh.gif)