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JANUARY 26, 2017
PRAISE THE LORD!
Officials of McCaughrin Maritime Marine Systems., Inc., (MMMSI-MMMU) www.mccaughrinmaritime.com ® Headquarters in Wayne, Michigan, USA, Announced Fourth, (4th) Quarters Performance Overseas Results, for 2016 of Its Nine, (9) Foreign Overseas Bulk Subsidiary's, (FOBS).
Ms. Elizabeth G. McKeigh, The Senior Executive of the Subsidiary's said the Nine, (9) Division, McCaughrin Maritime Global - Atlantic, (*) McCaughrin Maritime Global - Med, (*) McCaughrin Maritime Global - UAE, (*) McCaughrin Maritime Global - South Africa, (*) McCaughrin Maritime Global - Indonesia, (*) McCaughrin Maritime Global - Malaysia, (-) McCaughrin Maritime Global - Korea, (-) McCaughrin Maritime Global - China, (*) and McCaughrin Maritime Global - Australia, (*) Those who achieved (*) Overall recorded the greatest profits (*) To the tune of $1.96 Billion Dollars, Because of timing of these strategic developing project, 1> Lower chartering rates by Sixty, (65%) percent, 2> Lower fuel cost, by Forty, (40%) percent locked in, and 3> Cargo demands that out spaced supply by 3.1 ratio, In the market that McCaughrin's Serves.
The Subsidiary's Borrowed Two, ($2,000,000B)billion dollars, from the Corporation War Chest, Overseas in Third Quarter of 2015, & So far, The Subsidiary's Has paid back, Sixty, (60%) Percent As of December 31, 2016, With The reminder of the Forty, (40%) Percent in The Fourth, (4th) Quarter of 2017, With an Option to be paid back in full, On Or before December 31, 2017, At The Foreign Overseas Bulk Subsidiary's, (FOBS) discretion.
Two Subsidiary, Namely (-) McCaughrin Maritime Global - Malaysia, and (-) McCaughrin Maritime Global - Korea, Was less then successful in both Cargo performance, & Purposed buy of Neptune Orient Lines, (NOL) in 2015, and Lost cargo demands in that region, and McCaughrin Maritime Global - Korea, Purpose plans of buying Any or All of Hanjin Marine Group Bulk Division due to Korea Owned Business, Cant be sold to outside interest.
Two Capesize bulkers Of #170,000 dwt, That vessels were charter for Two, (2) years At $12,500, each, and The Second, (2nd) Year at $10,500, Have been given back to its Owners, after its chartering agreement ran out.
The Korea Division, Four, (4) Ships, Will be given to China Division, and The Four, (4) Ships of Malaysia Division, Will be given to Indonesia Division, Which will take effect immediately..The Foreign Overseas Bulk Subsidiary, (FOBS) Will now go Into First, (1st) Quarter of 2017 With Seven, (7) Division in The Atlantic Region, The Med, The UAE, The India Ocean, Indonesia, & Asia Region, with Twenty, (28) Eight Bulkers on Three, (3), Five, (5) and Ten, (10) years charters, All Paid in full.
Source: McCaughrin Maritime Marine Systems., Inc., (MMMSI-MMMU)
Source: McCaughrin Maritime Global - Atlantic
Source: McCaughrin Maritime Global - Med
Source: McCaughrin Maritime Global - UAE
Source: McCaughrin Maritime Global - South Africa
Source: McCaughrin Maritime Global - Indonesia
Source: McCaughrin Maritime Global - China
Source: McCaughrin Maritime Global - Australia
JANUARY 16, 2017
PRAISE THE LORD!
Officials of McCaughrin Maritime Marine Systems., Inc., (MMMSI-MMMU) www.mccaughrinmaritime.com ® Headquartered in Wayne, Michigan Announced today of consolidation of its foreign subsidiary's.
Mr. Brian R. McCaughrin, Founder, President, & Owner of McCaughrin Maritime said at Present, McCaughrin's have Nine, (9) Foreign Subsidiary's, and Thirty, (30) Bulkers, in Operation in The Atlantic, The Med, The Indian, Ocean, Indonesia, Malaysia, and Asia. Two, (2) of those Subsidiary, McCaughrin Maritime Global - Malaysia, and McCaughrin Maritime Global - Korea, Have shown serious drop in demand, and cargo rates, Starting on November 18, 2016 of The Fourth, (4th) Quarter of 2016, and leading right into New Year of 2017..Rather then continue down this line McCaughrin's will simply absorbed two, (2) of the Division into other Subsidiary's.
McCaughrin Maritime Global - Malaysia, Will be absorted into McCaughrin Maritime Global - Indonesia, and McCaughrin Maritime Global - Korea, Will be absorbed into McCaughrin Maritime Global - China. That will bring Foregin Subsidiary's Down to Seven, (7) Division. (1> McCaughrin Maritime Global - Atlantic, (2> McCaughrin Maritime Global - Med, (3> McCaughrin Maritime Global - UAE, (4> McCaughrin Maritime Global - South Africa (5> McCaughrin Maritime Global - Indonesia, (6> McCaughrin Maritime Global - China, and (7> McCaughrin Maritime Global - Australia.
McCaughrin, Also said we are giving back Two, (2) Cape Size Bulker's of #170,000 dwt, As their Two, (2) Charters have run their course.. Overseas Division, Now stay at Twenty, (28) Eight Bulker's going into First, (1st) Quarter of 2017, For the time being..Mr. McCaughrin said we have closed our Korea account, and moved our investments to The Country of Australia, for better opportunities.
Source: McCaughrin Maritime Marine Systems., Inc., (MMMSI-MMMU)
Source: McCaughrin Maritime Global - Atlantic
Source: McCaughrin Maritime Global - Med
Source: McCaughrin Maritime Global - UAE
Source: McCaughrin Maritime Global - South Africa
Source: McCaughrin Maritime Global - Indonesia
Source: McCaughrin Maritime Global - China
Source: McCaughrin Maritime Global - Australia
MARCH 3, 2016
GOD DOES WORK IN MYSTERIOUS WAYS!
Officials of McCaughrin Maritime Global, A Division of Parent Corporation, McCaughrin Maritime Marine Systems., Inc., (MMMSI-MMMU) www.mccaughrinmaritime.com ® Headquartered in Wayne, Michigan, USA, Announced Today That MMMSI USA Headquartered, Has Received Ninety, (96) Six Private Offers To Sell Its MMMSI Headquarters Building, Located on The Corner of Second and Elm at 34660 Elm St, Wayne, Mi, From January 1, 2015, thru March 3, 2016, and Viewed by Private Owners 300 times Though out the State, Its the Most Viewed Headquarters out of any Global Shipping Company in the World, Since MMMSI web site went up in 1997.
Ms. Elizabeth G. McKeigh, Executive Vice President of Corporate Operation Affairs for McCaughrin Maritime Global-Malta, said We are very excited about All the views and offers that This Beautiful Headquarters Building Has to Offer But It "NOT FOR SALE" The Corporation has spent well over $12,000 over the Past Two (2014-2015) years on All New Landscaping throughout, Removed Trees, & Installed New Ninty, (90) Six, (6) foot Vinyl Fence on the Outside, Plus Brand New Electric Box, and Inside plugs. In 2016, MMMSI invested Four, ($4,000) dollars in Updating The Entire Security Systems throughout and if the Power ever goes out, it still running 1000%, and Installed All New Outside Lighting on All Four(4) Sides of the Building and outside plugs, and New Changes in Landscaping. In Mid 2016, We are putting up latest night camara enchancing MMMSI Security second to none, In 2012/13, The Garage was completely rebuilt from scratch because of An Electric fire in November 2012 via Detroit Edison Company Fault, When wind blew down a #38,000 volt power line and it hit metal fence and ran in both direction, Burning one home in back of Mr. Brian R. McCaughrin, property, and then heading for MMMSI Building throwing #38,000 volts, throughout building, As Mr. McCaughrin was inside slepping. The reason building is still standing, and He is not dead, Mr. McCaughrin, had air condition on at about 10,000 btu, On low, had Mr. McCaughrin, had the Air condition, Turned on High The Electricity would of bypass his building, and grounded itself out, But instead blew out all of the wall sockets, knock out outside lights, destroyed the electric box, jump to side fence to garage eighty, (80) feet away, and destroyed Fifty, (50%) of MMMSI Office garage. Ten, ($10,000) Thousand dollars worth of damaged to the Two, (2) Building.
Also MMMSI Headquartered was Found to be Two, (-205) Hundred-& Five feet Smaller of: 1225 Square feet to: #1,020 square feet, and City of Wayne, Has Been Taxing The Corporation for Twenty, (20) years unethical, So know we will be taking that up with Michigan Tax Tribunal in Lansing, Michigan with our Lawyers.
When Mr. Brian R. McCaughrin, Founder, President, & Owner of McCaughrin Maritime Global, wants to move, He will let us know. Right now, with his Ten (10) Doctors, and Hospital on West Side for the Next Five (5) years, Mr. McCaughrin, Be staying in Wayne, Michigan. I, know their has been rumors going around, About Mr. McCaughrin, moving, and Yes, He goes to Grosse Pointe's, quite a bit, But he also has doctors, and friends over on that side of town, So he is seen from time to time their. After all, Mr. McCaughrin, grew up in the Grosse Pointes.
Source: McCaughrin Maritime Global-Malta
Source: McCaughrin Maritime Marine Systems., Inc., (MMMSI-MMMU)
Source: Brian R. McCaughrin (*) Not presently in the Corporation.
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