Northern Promotion: fast containership escapes

"A day of repairs!" wrote Navigator Wulf F. Mehner


Ship Name: NORTHERN PROMOTION
IMO: 9467043
MMSI: 636091834
Callsign: A8TL5
Flag: Liberia

Category: Cargo
Beam: 30
Length: 264
Draught: 13.9

The North German investment - in 1975 - is one of the oldest and most experienced investment banking firms in Germany. We design high-yield investments in the fields of maritime and commercial properties with an exemplary performance record.
Schiffsfonds Ship Fund

A must for the portfolio

Shipping is a highly specialized industry with a long tradition and high growth potential. From cars to almost all rum is transported by sea -% of all goods shipments go by sea. 97 investments of private investors in this exciting sector of the economy have in the past proved successful investments already. The ship's participation as a form of financing and capital investment continues to have great significance.It offers - compared to other asset classes - higher than average return potential and has today more than ever a chance / manageable.

How does a ship investment?
This offers investors the option of participation in a ship, to the very good return on investment of shipping chances to participate as co-entrepreneurs.

Such investments are Entrepreneurial Investments - designed as a closed fund.. In contrast to mutual fund investment is fixed.. If the required capital raised, the fund will be closed and operational phases of the company begins.

The investment property is clearly defined.. Investors do not invest in an anonymous construct, but are co-owners of a particular investment object. . In the case of a closed-end ship funds, this is a tanker, bulker or container ship. . Thus, the investor-owner of a shipping company.

For the shipping company KG is the legal form of GmbH & Co. established in the market.. The investor participates in the control of a trust fund as a limited partner in this society and adheres so only with his investment. The shipping company has a ship purchased in advance or the new development in a given order. . After delivery of the ship is that the international shipping market used to. . The purchase price of the vessel, a commercial bank loan and equity financing to the investor.From the income of the shipping company payments are the interest and principal payments, operating costs and the capital served on.

In addition to the payments during the operational phase and the proceeds from the sale of the ship have a special tax breaks for shipping to the above-average returns with it.. This tonnage tax is especially mentioned, the context of European harmonization in 1999 in Germany was introduced year. . Their particular advantage is that during the term of the shipping investment of investors, only a very small tax burden of the ship has to carry out the operation, regardless of how the economic success of the investment company presents itself.

The fund concept is basically a medium-to long-term oriented investment payout created.. The investment offer is aimed at investors who are investing in the fund amount for the term does not need to rely on the.

Real Estate Fund

In the real estate business has € the North German investment so far 42 closed-end funds with a total investment of 488 million and total equity of € 213 million and designed to banks, savings and investment advisors placed at the capital market. Already 33 of these funds were largely objects very good results for investors to sell. see Northern Valour

Arctic Sea: Russian Prosecutor gets hijack case

Eerik-Niiles Kross




Investigations into six suspected hijackers of the Arctic Sea freighter have been completed and sent to the Prosecutor General's Office, the Investigative Committee said November 17. Earlier this month, the Investigative Committee sent the case of a suspected ninth member of the group, Sergei Demchenko, to court.

Maritime and military experts have claimed the ship was carrying S-300 anti-aircraft missiles for Iran,

Demchenko, who went to school with Savins, is accused of helping train the hijackers in Estonia.

June 2010
In a plea bargain, Savins testified against the alleged mastermind behind the attack, Eerik-Niiles Kross, the former head of Estonia's foreign intelligence service.

Savins said Kross had acted in collusion with another organizer of the attack - Sergei Demchenko, a German-based businessman.

Kross denied the allegations.

"The allegations that I ordered the seizure of the Arctic Sea are at variance with the facts," he was quoted as saying by Estonian daily Eesti Paevaleht. "I believe that these fabrications are connected to my consultation services for Georgia on security matters. Georgia is not Russia's best friend."

Kross owns Trustcorp, a consultancy firm that has in the past few years been working with Georgian state agencies.

Latvian prosecutors said there was no evidence linking Kross to the Arctic Sea seizure. Eerik-Niiles Kross, who served as the director of Security Coordination Office in the Estonian State Chancellery, which is connected to the Ministry of Defense Information Service (Riigi Teabeamet), from 1995 to 2000.

Lisbon NATO Summit and Russia: Crown Jewels for Chicken Feed? November 16, 2010
By: Eerik-Niiles Kross read

Northern Valour: Bernd Kortum's Boxship escapes

Bernd Kortum’s Julie Marie


Oma Kortum & Bernd

NORTHERN VALOUR : two skiffs approached to within 200 metres, the vessel’s master increased speed to 21 knots, mustered all non essential personnel in a safe room and activated self-protection measures.

The skiffs, outpaced by the vessel’s speed, eventually abandoned their attack.
Ship Name: NORTHERN VALOUR
IMO: 9122411
MMSI: 304376000
Callsign: V2GR
Flag: Antigua and Barbuda

Category: Cargo
Beam: 32
Length: 196
Draught: 7.2


RKS: Reederei Karl Schlüter (Karl Schlüter ShippingCompany = RKS)
RKS is an entity of Norddeutsche Vermögen Group of Companies, Hamburg.

The fleet consists of 22 container ships carrying 1700 to 5 000 TEU and are chartered to leading international shipping lines. As marine managers, RKS ranks among the leading contracting parties for shipping companies and their private investors, banks and charterers. RKS initiate the building of new ships and manage supervision at shipyards in Europe, Korea, and China, liaising with government agencies and classification societies in preparation for the ships' service flying under German or other flags. Tradition, close liaison with our business associates, and a high standard of quality are our guiding principles.

Our qualified staff and trainees take care of:

* crew and equipment
* insurance
* Technische Inspektion
* operating
* financing and accounting
* regular reports to the ships' owners
* and maintain good working relations with the charter companies.

About 500 German, Croat, Ukrainian and Philippine members of crew sail on RKS vessels. Karl Schlüter GmbH & Co. KG operate a management system synonymous with quality, safety and environmental protection that is certified by the Germanischer Lloyd classification society.





Behind the 33-year success story of the group North German assets is the entrepreneurial involvement of the owner and manager of the holding company, Dr. Bernd Kortum. With a good understanding of economic opportunities and innovations from the Dr. has founded in 1975 underwriter of a broad-based shipping investment group created Kortum.. Basis of constant growth and sustainable business secret of success was and is the clear commitment to the development of professional skills in-house.. Thus, we ensure that products and services to the high quality requirements of the North German assets in accordance with all. Dies ist unsere Tradition. This is our tradition.. And our commitment to the future.

African Eagle: bulker uses electric shock fencing

AFRICAN EAGLE was fired upon by a skiff, approximately 30 nautical miles from Mombasa Kenya. The barbed wires and electrical fencings installed on the vessel prevented the pirates from boarding the Bahamas-flagged bulk carrier on 16 November 2010.
Ship Name: AFRICAN EAGLE
IMO: 9257046
MMSI: 311249000
Callsign: C6S2065
Flag: Bahamas

Category: Cargo
Beam: 27
Length: 178
Draught: 9.9

MUR Shipping Holdings B.V.(Netherlands) is the shipping division of a joint venture company between Mittal Steel South Africa and Macsteel International Holdings BV
MACSTEEL GROUP
The Macsteel Group is a global steel trading and distribution organization which employs over 7,000 people in 30 countries worldwide with annual sales exceeding USD 5 billion.
MITTAL STEEL
Mittal Steel South Africa Limited is the largest steel producer in South Africa producing 6 million tons of crude steel and exporting approximately 2 million tons worldwide from its four steelworks.

MUR SHIPPING
MUR’s shipping activities encompass the movement of approximately 25 million tonnes of cargo per annum worldwide.

This is managed through the control of between 90 to 130 vessels either on time charter or through ownership. These vessels range from 17000mt to 70000mt and include sophisticated tweendeckers, open hatch box shaped bulk carriers, craned self-discharging Handymax and Panamax vessels.

MUR’s activities are built on solid client relationships offering customized freight solutions for their various requirements. This is achieved through dedicated trade routes, usage of derivatives, control of port operations and use of specialized vessels.
The activities in the liner and breakbulk trades ensure regular sailings on numerous trade routes that shippers can rely on to move their cargoes.

MUR has over 20 regular trade routes which involve up to 50 monthly sailings and presently through the control of specialized vessels MUR offers the capability to carry project cargoes and a number of specialized shipments including pipes, industrial equipment, steel mills and hazardous cargoes.

Logistical capabilities have been developed through internal and external sources including the outsourcing of special skills where required. The aim is to add value and offer solutions to customers’ logistic chains

Metcon (Container Division)
Metcon was established to meet some of the container requirements of its shareholders. The division has fast established itself as a major provider of container freighting, clearing and forwarding expertise to the South African and international freight industry.

Southern Chartering
Southern Chartering, a Black Economic Empowerment joint venture of MUR, based in South Africa, brings to the group extensive experience in the mineral and alloy trades from Africa.

Arctic Sea: AA missile merchant arrives in NYC

Russian arms trafficking suspect Viktor Bout was flown from Bangkok to suburban New York on Tuesday November 16, in a chartered U.S. plane,
Bout arrived late Tuesday night at the Stewart Air National Guard Base in Newburgh
Bout was to be transported from Newburgh, about 60 miles north of New York City, to downtown Manhattan's Metropolitan Correctional Center,

Arctic Sea: AA missile merchant to be tried in USA

Igor Sechin



"The delivery of 100 Russian anti-aircraft missiles appears to be a government-sponsored program ... it is frightening to consider what Bout could tell US authorities about who promised to provide him with [those] 100 Russian anti-aircraft weapons." One plausible answer was ventured in another recent Moscow Times opinion piece by Yulia Latynina, host of a political talk show on Russia's Ekho Moskvy radio station. She pointed out that Bout served in Mozambique in the 1980s, along with a man named Igor Sechin, who today serves as Russia's deputy prime minister and who is widely considered the second-most-important person in that country after Prime Minister Vladimir Putin.

Viktor Bout,is now finally set to stand trial in the US after he was flown out of Bangkok on Tuesday, November 16, on a US government jet shortly after the Thai cabinet approved his extradition. His wife did not have a chance to say goodbye. Born in Tajikistan's capital Dushanbe in 1967 when it was still under Soviet rule, Bout studied languages - including English, French and Portuguese - at Moscow's military institute for foreign languages before joining the air force.

He has repeatedly denied suggestions that he was a former KGB agent and that he bought weaponry, aircraft and helicopters at throwaway rates at the fall of the Soviet Union to supply to conflict zones. Bout has maintained his innocence from the day he was picked up in the Thai capital after allegedly agreeing to supply surface-to-air missiles in a series of covert meetings that also took him to Denmark and Romania.

YUAN XIANG : Hongyuan geared East of Salalah

YUAN XIANG hijacked 12 Nov 0701 UTC
Posn: 18 02.55N – 066 03.39E (IMB) Around 680nm East of Salalah, Oman (Off Somalia)
IMO:7609192, Flag:Panama, General Cargo Ship
Owner: HONGAN SHIPPING CO LTD, CHINA
Manager: HONGYUAN MARINE CO LTD, CHINA

89 TACNA III - 90 MANCHINCHI BRIDGE - 92 CHELSEA BRIDGE - 95 APACHE BELLE - 96 CHELSEA BRIDGE - 02 DONG HUA MEN



　　Since the foundation of our company, our business has been developing in a great speed. Especially in crew dispatch service, we have achieved a considerable scale. On the basis of our advantageous shipping talents, we managed to extend our business to ship management, providing management service on security system, marine and equipment affairs to ships of domestic and international routes, supplying spare parts, ship stores. Our advantage is the combination of ship management and crew dispatch which ensures our high-level ship management.

　　We are authorized to issue certificate of sea barer and seaman's book. So we can issue the certificate for crew who meets the standards of the marine bureau. We are also endowed with right to sign the contract with domestic and foreign ship owners concerning crew dispatch. We have the management qualification permitted by the Ministry of Communications of PRC, and Tianjin Communication Committee.