Phoenix Processor Partnership - Seattle/USA
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|mcole on Jan 22, 2011 07:42 (9 years ago)|
Not much I can add to that. More excellent work Neale.
|Neale Rosanoski on Jan 22, 2011 00:21 (9 years ago)|
I don't want to make this into a novel but I have just come across the following which confirms what we had come up and may be of interest
SEAFOOD.COM NEWS [Phoenix Processor Ltd.] Jan 6, 2010 - Supreme Alaska Seafoods, operator of the mothership EXCELLENCE and Phoenix Processor Limited Partnership, owner and operator of the mothership OCEAN PHOENIX, announced recently that they are merging their two companies. Supreme Alaska Seafoods' owners will own Phoenix Processor Limited Partnership 50/50 with the existing Partners. Marketing and management services for both ships will be provided by Premier Pacific Seafoods. The staff of Supreme Alaska Seafoods will integrate into Premier Pacific Seafoods. Under the American Fisheries Act passed in 1998, nine percent of the Bering Sea pollock quota was allocated to the mothership sector. The EXCELLENCE and OCEAN PHOENIX are two of the three mothership processors designated by the Act to participate in that sector. In addition to pollock, both of the processing vessels participate in the Pacific Whiting fishery off the coasts of Washington and Oregon. Since 1995, Supreme Alaska has partnered with the Makah Tribe to process its tribal whiting allocation. This transaction creates tremendous value for the owners of both companies said Doug Forsyth, the president of Phoenix Processor's general partner. The merger will allow us to deploy both vessels much more efficiently, allowing us to achieve economies of scale that will strengthen the bottom line and allow us to make long term investments into the vessels. Joe Bersch, President of Supreme Alaska Seafoods will take on the new position of Executive Vice President of Premier Pacific Seafoods. Bersch is enthusiastic about the opportunities created by combining the companies. In the current economic climate, we see this combination as a key to improving efficiencies and pursuing growth strategies in the Pacific Whiting and Pollock business Bersch said. (http://www.pspafish.net/Online%20Newsletters/PSPA%20Online%20Update%20Thursday%20January%207%202010.htm),
|Kyle Stubbs on Jan 21, 2011 12:41 (9 years ago)|
|Thank you Neale for the clarification. I have changed the informatio to reflect the correct ownership vs. management.|
|mcole on Jan 21, 2011 05:43 (9 years ago)|
|Thanks Neale for the additional information on this one.|
|Neale Rosanoski on Jan 21, 2011 01:43 (9 years ago)|
You have a quite normal [complicated] case here. As I read it the ship is registered to Phoenix Processor LP who has an address c/- Premier Pacific Seafoods Inc. who are the managers [Equasis) and prior to 1993 were known as ProFish International Inc. (LLoyds). The same address is confirmed by web searches for the two.
According to the Premier Pacific website http://www.prempac.com) they were incorporated in 1993 as the marketing and management company for the "Ocean Phoenix" whereas tracing it through Lloyds it does seem to
have been a change a name with a continuation of the address, phone, fax and telex numbers of ProFish. If Lloyds are correct then ProFish was formed in 1988 and Phoenix Processor Partnership in 1989 so it is quite likely that the shareholders are the same in both cases with the ship being registered under a separate entity for some or all of the usual reasons for which this is done with ships these days. Even if the shareholders were the same, as long as each of the companies was registered independently and the shareholders of the 2nd does not include the name of the first company as a shareholder, and if the 2nd company actually operates in its name, regardless of its address, then they can be treated as being independent and this seems to be the case here, or at least Phoenix Processors seem to be involved in political contributions which presumably indicates that the exist independently.
The logo itself includes the name "Ocean Phoenix" which firmly associates it with the ship. If they had more than one ship and each had a different logo then one could take the unusual step of allocating it to the ship. In this case the owners only have one ship. So, taking normal procedure I would record it under the name of the owner, not the
manager although Lloyds Group publications from 4/2008 changed to show Premier Pacific as the owner. If that were to be the case [with Equasis not having picked it up] then using my logic of above, it would mean that your allocation is correct as if they had bought the ship then they could have inherited the funnel marking.
Otherwise I agree [for what that is worth] with mcole.
The Premier Pacific Seafoods logo on their website also has no connection. You may also be interested in their statement that the partners owning the vessel had merged last year with the partners owning the "Excellence" for which I notice you have uploaded a couple of photos. She appears to have a blue circle on her funnel with a white
"S" or possibly "SAF" on this which would stand then for Supreme Alaska Seafoods who controlled her going by Lloyds. What the new merger involves is not spelled out - could be just commercial and not affecting the ships and their markings.
|Kyle Stubbs on Jan 19, 2011 20:16 (9 years ago)|
|It's kind of a conundrum when it comes to a lot of factory ships. they show registered ownership by companies that almost appear to be just a front, and actual operations are carried out by a bigger entity. I thought this was likely the best way, since there is no actual vessel with Premier Pacific funnel markings.|
|Allan RO on Jan 19, 2011 09:43 (9 years ago)|
Not sure why the IMO number is not available when it is clearly visible in the photograph - 6413924
|mcole on Jan 19, 2011 07:51 (9 years ago)|
The funnel markings do not represent Premier Pacific Seafoods, who manage the vessel for Phoenix Processor Limited Partnership. The only link I can find is as follows (apologies for the lengthy URL). It is possible that the funnel marking is just for the vessel rather than a companies logo.
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