Mr. Diran Majarian
Managing Director, Amalia Tankers Inc
Member of the Transportation Council
Council Member Biography
Diran Majarian is a Managing Director of Amalia Tankers, a ship management company specializing in the transport of sophisticated parcel chemicals based on international joint ventures with end-users. He actively promotes project development of joint-venture structures financed with term loans, mezzanine finance and private equity and negotiates vessel purchases. He develops structured deals with business plans and financial models, solicits private equity placements, participates in road shows, and negotiates term employment and pool memberships with major market players. He has been active in the chemical parcel market, carrying cargoes for major accounts. He has developed a fully integrated ship management company with major oil company approvals. He has organized large vessel repair projects with sub-contractors and classification societies. Expertise in all sectors of shipping: bulk carriers, container vessels and tanker shipping from VLCC's to product, chemical and gas tankers. (This is me - Update Profile)
Employment History
- 1987 - Unspecified
- Managing Director, Amalia Tankers Inc
- 1980 - 1986
- Vice President, BANK OF AMERICA CORPORATION
- 1976 - 1980
- Assistant Manager, Olympic Maritime
GLG NewsSM Analyses by Diran Majarian
GLG News is now G+ Insights
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G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.
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Diamond S. a new business model for shipping?
August 17, 2011
Diamond S getting that OMI feeling | www.tradewindsnews.com
The Diamond S deal with Cido for a US$ 1 bn block purchase of product tankers has been the talk of the town, especially with the involvement of 'King of Bankruptcy' Wilbur Ross who has decided to enter shipping and bankroll a large portion of this project. From the feel of this venture backed by private equity First Reserve and Ross, it seems more likely to be a flip over asset play rather than an effort to create a long-term shipping business like TeeKay with intrinsic value.
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August 17, 2011
NewLead in struggle to stay afloat | www.tradewindsnews.com
NewLead is reported to be offloading the 135,000-dwt Newlead Spartounta (built 1989) and the 34,700-dwt Newlead Prosperity (built 2003) after breaching a loan with FBB-First Business Bank. They recently hired the Moelis & Company and Fried, Frank, Harris, Shriver & Jacobson to help it fight its debts, which stand at US$ 581.9 mio. The bad news adds to an ever longer list of struggling shipping companies: TBSI, Omega, Top Ships, Zachello, etc. selling assets or fighting with their creditors.
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TOP Ships: a lemon or an Apple?
August 4, 2011
Top issue on hold | www.tradewinds.no
Top Ships is probably the antithesis to Apple. Apple CEO Steve Jobs was a Reed College drop out who could not live in a structured environment and became a creative entrepreneur for new products. Jobs made millions for himself and his shareholders. Apple is now trades at US$ 384. Evangelos Pistiolis has gone from one ill fated business decision to another. TOPS is currently trading at US$ 2,59 after two reverse splits and just announced US$ 103 mio quarterly losses - a spectacular lemon!
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Does the CIDO deal mean tanker values are on the upside?
August 3, 2011
Stevenson's spur | www.tradewinds.no
Jonathan Chappell argues that Craig Stevenson's massive US$ 1 bn product tanker acquisition deal to purchase the 30-vessel CIDO fleet is good news for tanker asset values. He estimates a US$ 40 mio price tag per vessel up from his previous US$ 36-37 mio valuation for a three year old tanker. He believes that supply and demand will improve in this sector this year and in 2012 seeing this a 'smart money' deal. I am more skeptical.
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Omega in bankruptcy: Test case for other weak listed shipping companies
July 26, 2011
Omega filing stokes row about banks | www.tradewinds.no
Omega Navigation (NASDAQ: ONAV) is a product tanker play with fleet of 12 vessels plus a joint venture with Glencore . Most of its fleet is on time charter to Glencore. The fleet is divided between MR and LR 1 units all built in Korea. The company only had really one good year in 2007. It was hard hit by the 2008 meltdown. It had been filing for delays in publishing accounts, but known to be in protracted debt restructuring and suffering from high leverage.
GLG Study Groups with Diran Majarian(?)
| Study Group Name | No. Members |
|---|---|
| Supply Chain Software Experts | 262 |
| LNG Experts | 216 |
| Offshore Rigs and Vessel Construction Experts | 111 |
| Elevators and Escalators Experts | 97 |
| Capital Structure Specialists | 85 |
GLG Live Meetings with Diran Majarian(?)
Recent Seminars
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October 14, 2008 | London
GLG Seminar: (London) Impact of Credit Market Crisis on Global Shipping Industry
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