Tuesday, March 29, 2011

BELUGA BUSINESS


Roger Lliffe
 The heavy-lift shipping operator Beluga is in serious financial difficulties and the CEO Niels Stolberg has stepped down.  Chief Restructuring Officer Roger Lliffe has taken over that position.  Regular readers will remember a series of Posts about the voyages of Beluga vessels from Asian Ports to Russia via the Northeast sea route across the top of the world.  During that time the Beluga Shipping Press Department was kind enough to copy NAUTICAL LOG on all the navigational reports coming into the company from the vessels. 

It was therefore somewhat of a surprise to find that while they had been very open about the Arctic voyages the business side was not quite so straightforward.  The company is 49.5% owned by Oaktree Capital Management.

NAUTICAL LOG has since received information that all the ships names have been changed with the 'Beluga' being removed or a complete renaming.


Niels Stolberg
  Good Watch.

Please remember the seafarers held captive by pirates off Somalia - let us work with India to free them.

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