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Lucky03 Elite	16-Nov-2014 13:02        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Crude oil price has dropped sharply more than 30% from US$114 in mid 2014 to below US$79 today. It is near the price level of 2010 where NOL achieved a turnaround to deliver US$461m profit. The containership demand was recovering slowly from 2009 global economic crisis and the freight rate was also recovering to near break even level and NOL share price was just above $2. Oil price then spiked to about US$120 by mid 2011 from late 2010. Following that, many new ships were added as double whammy. Over supply will continue but we have at least see oil prices dropped to 2010 level and likely to continue dropping. Demand is crippling up though disappointing from Europe region. Will have to see if they will launch QE in December which will definitely give a major boost to demand. North America remains the power house but port congestion due to surging volume is killing. The enforcement of the US$1000 hike as announced by TSA will be very helpful if all liners implemente it come Monday 17 Nov with discipline. However, I've come to realising that NOL mgmt is key to delivering result amidst all such favoriting or unfavorably market condition. I hope they have the wisdom and luck to capture the positive development to improve their result while mitigating the unfavorable issues of port congestion and also finance cost soon with the sale of APL Logistic. I'm disappointed not to read any updates from APL (other than recent suspension of the Philippine route due to congestion) or NOL as we can gather from other liners. Can only hope for the best for NOL but hope is a very dangerous word to practise in stock investment.
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Lucky03 Elite	16-Nov-2014 03:31        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Value of alliances. They are more coordinated and proactive besides benefitting from cost savings due to fuel efficiency and economy of scale. Huge surcharge push by carriers to offset West Coast congestion costs Grace M. Lavigne, Associate Web Editor | Nov 14, 2014 5:07PM EST Evergreen container ship at the port of Los Angeles. Multiple container lines operating in the trans-Pacific lane have plans to implement some of the largest port congestion surcharges ever ― up to $1,000 per 40-foot container ― on cargo moving via U.S. West Coast ports, signaling the extent to which carriers are being battered financially by the worst U.S. port congestion in years. In the last 24 hours, six ocean carriers ― Hanjin Shipping, U.S. Lines, Evergreen Line, CMA CGM, NYK Line and Shipco ― have said they will implement a port congestion surcharge, effective Nov. 17. For import cargo, the surcharges will be $800 per 20-foot container, $1,000 per 40-foot container, $1,125 per 40-foot high-cube container and $1,266 per 45-foot container. A surcharge announcement by the Transpacific Stabilization Agreement, a discussion group of carriers, signals that all of its 15 carrier members have or will soon implement the surcharge. Carriers are also planning to implement congestion surcharges on export containers on the same date, Peter Friedmann, executive director of the Agriculture Transportation Coalition, told JOC.com today. Most of those surcharges will be $240 per TEU and $300 per FEU, he said. ?Until this action, shippers and carriers were sort of in this port labor disruption together,? Friedmann said. ?With the announcement of these surcharges, that is apparently no longer the case.? Terminal operators at Seattle and Tacoma are reporting 40 percent to 60 percent productivity reductions in loading and discharge of vessels, disrupting schedules and delaying receipt and delivery of cargo, according to an announcement today from the TSA. The TSA cited increased longshore container and chassis safety inspections in Southern California that have contributed to average truck turn times of two to three hours at terminal gates and yards, and work slowdowns and disruptions involving equipment operators at the port of Oakland. The Marine Exchange of Southern California reported today that six container ships were at anchor awaiting berths this morning, down from 12 earlier in the week, but in normal times vessels proceed directly to berth with no wait at anchor. ?Carriers are mindful of the potential impacts of added charges on their customers and are monitoring the situation closely,? TSA Executive Administrator Brian Conrad said in a statement today. ?They would clearly rather not impose the charges, but are concerned that disruptions can escalate quickly across their networks, at significant cost, if they fail to respond quickly.? Evergreen Line said its service schedule and terminal operations have been ?seriously disrupted,? resulting in significant increases in operational costs and financial losses. ?Evergreen has been exercising our best efforts in mitigating the impacts toward our service level and shipside operation,? the carrier said today in its congestion surcharge announcement to customers. ?However, without foreseeable relief in sight, we are forced to trigger congestion charge collection.? ?The situation has impacted terminal and vessel operations to the point where normal business is simply not possible to continue and extraordinary costs are being incurred at every step of cargo movement,? U.S. Lines said in its notice. With talks that a shutdown is still likely to occur before Thanksgiving, according to a West Coast port congestion update today from Scarbrough International, these surcharges will remain in effect until advised otherwise. In addition, carriers are implementing a surcharge for cargo moving on a carrier-to-door delivery basis for $100 per FEU, Scarbrough said. Carriers, including Maersk Line, have also announced general rate increases on shipments from Asia to the U.S. of around $900 per 20-foot container, $1,000 per 40-foot container and $1,125 to $1,130 per 40-foot high-cube container, starting Dec. 15. A TSA survey of member line costs associated with service interruptions and delays to date revealed that lines are now incurring losses and expenses due to blanked sailings, skipped port calls and speedup of existing vessels or chartering of added ships and equipment to maintain schedules. In addition, when ships must wait outside the port for a berth, as many ships have been doing off Los Angeles-Long Beach in recent weeks, the engines will continue to run, burning bunker fuel. Shoreside costs include container detention and storage charges, additional longshore gangs and associated overtime, extended gate hours and fees, tug services and increased trucking charges relating to inter-terminal transfers, the TSA said. ?Many carriers no longer own their own chassis and yet still provide them to customers as part of store-door moves from the port to nearby distribution centers,? a large carrier told JOC.com today. ?When that equipment sits idle the carriers still most pay for its use.? The carrier also pointed towards rail as another source of extra costs: ?Carriers will pay railroads to reposition railcar equipment from the eastern to the western U.S. so as to have more railcar capacity to remove backed up containers at the ports,? the carrier said. ?Sometimes they will do this by shipping empty containers to the West Coast, which has the effect of repositioning railcar equipment to the ports where it?s needed to get backed up import containers moving into the hinterland.? Contact Grace M. Lavigne at [email protected] and follow her on Twitter: @Lavigne_JOC.
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Lucky03 Elite	16-Nov-2014 03:20        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Important development is that Maersk has stated that it will raise freight rate as one of the measures to increase revenue. At least they will stop just passing cost savings as lower freight rate to capture market share. earlybird14      ( Date: 14-Nov-2014 17:01) Posted: http://www.joc.com/maritime-news/container-lines/maersk-line/maersk-line-says-more-triple-e-vessel-orders-likely-way_20141113.html Maersk Line CEO Soren Skou said today the world&rsquo s largest container line will likely order more Triple-E ships over the next six months. Maersk is planning over the next three years to deploy more mega-ships, namely 18,000 TEU Triple-E vessels, Skou told the Wall Street Journal. The carrier already took delivery of three Triple-E vessels in the third quarter, and has eight more with a total capacity of 144,000 TEUs on order. The carrier originally ordered 20 Triple-E ships in 2011. Twelve are currently in service, and the rest will be delivered by the end of 2015. Skou announced in September that Maersk Line will invest $3 billion a year for up to five years to order ships with a combined capacity of 425,000 20-foot-equivalent units for delivery between 2017 and 2019, Larger vessels give carriers greater economies of scale and better fuel efficiency. But those larger vessels can overwhelm marine terminals that don' t have the needed infrastructure capacity and berth productivity, causing congestion as has been seen in recent weeks at the Los Angeles-Long Beach port complex. Skou said in September announced plans to invest $3 billion a year through 2019 on new ships with a combined capacity of 425,000 TEUs. Over half of the new vessels entering the market in 2015 will be cable of carrying over 10,000 TEUs, Hua Joo Tan, executive consultant with research firm Alphaliner, said. Just under 16 percent of those will have a capacity of over 13,300 TEUs. " Five years from now, it won&rsquo t be possible to be competitive with a 9,000-, 10,000-container ship in the Asia-Europe trade loop,&rdquo Mr. Skou told the WSJ. The Triple-E ships are currently the largest on the water, but that won&rsquo t be the case for long. Mediterranean Shipping Company has three 19,200 TEU ships on order from Scorpio Group. United Arab Shipping Company and China Shipping Container Lines both have 19,000 TEU ships on order. Scorpio has hinted it is considering 20,000 TEU ships.
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Lucky03 Elite	16-Nov-2014 03:16        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Big trans-Pacific GRI in the works as carriers see capacity crunch coming JOC Staff | Nov 14, 2014 6:59PM EST Carriers in the trans-Pacific eastbound trade will follow this week?s announcement of a $1,000 congestion surcharge with a proposed $1,000 per container rate increase to take effect in mid-December. Sensing a capacity squeeze developing at a normally slow time of year, due in part to the effects of the port meltdown in Southern California, carriers will attempt to implement the largest one-time rate increase in many years. Hanjin yesterday disclosed a $1,000 per 40-foot container equivalent congestion surcharge. Maersk Line communicated the increase in a notice to customers on Friday, but plans are for the full 15-member Transpacific Stabilization Agreement to announce the increase at some point next week. The increases announced by Maersk for all shipments from Asia to the U.S. and Canada are $900 per 20-foot container, $1,000 per 40-foot container. The TSA rates will only cover Asia to U.S. routes. For a 40-foot container to the West Coast the increase would represent a 48 percent increase over the current Shanghai Containerized Freight Index spot rate of $2,090. The rare opening to go for a substantial rate increase is the result of continuing strong volumes flowing from Asia to North America, as well as transportation factors such as a developing shortage of available containers in Asia, one informed source told JOC.com. That is due to difficulties carriers are experiencing repositioning empties from North America back to Asia due to the congestion being experienced at Los Angeles-Long Beach and other West Coast ports.
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earlybird14 Supreme	14-Nov-2014 17:04        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Order & Order... who can compete with Maersk? Billion of profit, can order more and more to flood the market. Port Congestion. Even worst for those smaller container vessel,
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earlybird14 Supreme	14-Nov-2014 17:01        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	http://www.joc.com/maritime-news/container-lines/maersk-line/maersk-line-says-more-triple-e-vessel-orders-likely-way_20141113.html Maersk Line CEO Soren Skou said today the world&rsquo s largest container line will likely order more Triple-E ships over the next six months. Maersk is planning over the next three years to deploy more mega-ships, namely 18,000 TEU Triple-E vessels, Skou told the Wall Street Journal. The carrier already took delivery of three Triple-E vessels in the third quarter, and has eight more with a total capacity of 144,000 TEUs on order. The carrier originally ordered 20 Triple-E ships in 2011. Twelve are currently in service, and the rest will be delivered by the end of 2015. Skou announced in September that Maersk Line will invest $3 billion a year for up to five years to order ships with a combined capacity of 425,000 20-foot-equivalent units for delivery between 2017 and 2019, Larger vessels give carriers greater economies of scale and better fuel efficiency. But those larger vessels can overwhelm marine terminals that don' t have the needed infrastructure capacity and berth productivity, causing congestion as has been seen in recent weeks at the Los Angeles-Long Beach port complex. Skou said in September announced plans to invest $3 billion a year through 2019 on new ships with a combined capacity of 425,000 TEUs. Over half of the new vessels entering the market in 2015 will be cable of carrying over 10,000 TEUs, Hua Joo Tan, executive consultant with research firm Alphaliner, said. Just under 16 percent of those will have a capacity of over 13,300 TEUs. " Five years from now, it won&rsquo t be possible to be competitive with a 9,000-, 10,000-container ship in the Asia-Europe trade loop,&rdquo Mr. Skou told the WSJ. The Triple-E ships are currently the largest on the water, but that won&rsquo t be the case for long. Mediterranean Shipping Company has three 19,200 TEU ships on order from Scorpio Group. United Arab Shipping Company and China Shipping Container Lines both have 19,000 TEU ships on order. Scorpio has hinted it is considering 20,000 TEU ships.
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earlybird14 Supreme	14-Nov-2014 16:47        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	what price? if they have ordered 1 year oil when oil price was 100 dollar. They can eat grass for the next 1 year. Gendut      ( Date: 14-Nov-2014 16:36) Posted: Hope NOL take this opportunity when oil is low to make good their books.. If missed this one, bye2 as a whole company.. Ask them to buy one year supply of oil and keep..hehe earlybird14      ( Date: 14-Nov-2014 11:00) Posted: Present environment is good for NOL. Problem is on NOL  Management. I don' t know how good is Mr Ng who was assigned by Temasek. If he can' t turn NOL, I really doubt the people in Temask is really Elite and talent. I am not sure when NOL will get better, but 1 year time frame surely in good shape. Price may be lower but will not be lower than 2003 to 2004 level which is about 60+cents.
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Gendut Senior	14-Nov-2014 16:36        Gendut About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope NOL take this opportunity when oil is low to make good their books.. If missed this one, bye2 as a whole company.. Ask them to buy one year supply of oil and keep..hehe earlybird14      ( Date: 14-Nov-2014 11:00) Posted: Present environment is good for NOL. Problem is on NOL  Management. I don' t know how good is Mr Ng who was assigned by Temasek. If he can' t turn NOL, I really doubt the people in Temask is really Elite and talent. I am not sure when NOL will get better, but 1 year time frame surely in good shape. Price may be lower but will not be lower than 2003 to 2004 level which is about 60+cents. Lucky03      ( Date: 14-Nov-2014 10:37) Posted: You were right for the last 1 year on your assessment of NOL. I believe you are right this time.
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granto Master	14-Nov-2014 15:53        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	APL suspends services to congested Manila:  http://www.seashipnews.com/News/APL-suspends-services-to-congested-Manila-/3w3c2884.html
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earlybird14 Supreme	14-Nov-2014 11:08        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The APL Logistic must be sold as soon as possible to clear the outstanding debt. Otherwise, rolling the unsecured outstanding debt will only increase the finance cost and affect the refinancing of other existing loan and result in higher interest to pay. Then, debt snow ball getting larger and larger and go for BK. The revenue and debt ratio must always stay below 1 :3 ratio in order to obtain good bargain on interest when restructure the debt. There were too many case BK due to snowing the debt ball bigger and bigger and the interest of debt  go nearly 10%. Which company can really have 10% profit margin?
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earlybird14 Supreme	14-Nov-2014 11:00        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Present environment is good for NOL. Problem is on NOL  Management. I don' t know how good is Mr Ng who was assigned by Temasek. If he can' t turn NOL, I really doubt the people in Temask is really Elite and talent. I am not sure when NOL will get better, but 1 year time frame surely in good shape. Price may be lower but will not be lower than 2003 to 2004 level which is about 60+cents. Lucky03      ( Date: 14-Nov-2014 10:37) Posted: You were right for the last 1 year on your assessment of NOL. I believe you are right this time. earlybird14      ( Date: 14-Nov-2014 09:18) Posted: Looking good for NOL. Oil price getting lower and lower. The economic will be adjusted again and inflation will be lower since the transporation cost will be reduced drasmatically.
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Lucky03 Elite	14-Nov-2014 10:37        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You were right for the last 1 year on your assessment of NOL. I believe you are right this time. earlybird14      ( Date: 14-Nov-2014 09:18) Posted: Looking good for NOL. Oil price getting lower and lower. The economic will be adjusted again and inflation will be lower since the transporation cost will be reduced drasmatically.
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earlybird14 Supreme	14-Nov-2014 09:18        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Looking good for NOL. Oil price getting lower and lower. The economic will be adjusted again and inflation will be lower since the transporation cost will be reduced drasmatically.
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earlybird14 Supreme	13-Nov-2014 10:46        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	1 APM-Maersk 2,873,371 15.4%     2 Mediterranean Shg Co 2,533,355 13.6%     3 CMA CGM Group 1,637,217 8.8%     4 Evergreen Line 951,270 5.1%     5 COSCO Container L. 817,165 4.4%     6 Hapag-Lloyd 732,612 3.9%     7 CSCL 641,770 3.4%     8 Hanjin Shipping 600,486 3.2%     9 MOL 590,424 3.2%     10 APL 562,303 3.0%     11 OOCL 533,733 2.9%     12 Hamburg Sü d Group 533,072 2.9%     13 NYK Line 492,995 2.6%     14 Yang Ming Marine Transport Corp. 411,073 2.2%     15 Hyundai M.M. 382,757 2.0%     16 PIL (Pacific Int. Line) 372,434 2.0%     17 K Line 355,362 1.9%     18 UASC 338,872 1.8%     19 Zim 335,831 1.8%     20 CSAV Group 216,602 1.2%   Just to share with you who are the main players. Tipster789      ( Date: 12-Nov-2014 19:03) Posted: Don' t worry guys, NOL will bounce back . I don' t like to use the word cartel, but those who know shipping know only about 20 or so main players in the business. When economy more vibrant, freight rates will be higher and if oil price increases, just adjust BAF.  Main players Cosco , evergreen, APL aka NOL,   maersk , oocl etc  Most important is to find base account for base cargo (much like anchor tenant for commercial building)
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Tipster789 Master	12-Nov-2014 19:03        Tipster789 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don' t worry guys, NOL will bounce back . I don' t like to use the word cartel, but those who know shipping know only about 20 or so main players in the business. When economy more vibrant, freight rates will be higher and if oil price increases, just adjust BAF.  Main players Cosco , evergreen, APL aka NOL,   maersk , oocl etc  Most important is to find base account for base cargo (much like anchor tenant for commercial building)
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Merger Master	12-Nov-2014 16:08        Merger About Contact  Quote this Post!   Yells: "Sin-tel : " Let's make Ah-Pui-Day better ""
x 0   x 0  Alert Admin	u r right, Management is important.  Why SIA performs better than other airlines mainly due to good management. earlybird14      ( Date: 12-Nov-2014 15:51) Posted: welcome. Even, a sunset industry, so long as the management is good, still can make big money. In opposite, the most earning business, may be now facebook? Alibaba? or smart phone, apple? or whatever, still got players are making loss and going to BK. Management is the key. Merger      ( Date: 12-Nov-2014 15:35) Posted: ok thanks for your info. I learnt something more , at least.
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Qanghoo Supreme	12-Nov-2014 16:00        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wld anyone remember.  I seem to recall that NOL IPO (in 1980/81?) was $4.00?  Equivalent of > $10.00 today? Merger      ( Date: 12-Nov-2014 13:43) Posted: Sad to say, SHIPPING is a very very Risky Business. That' s why some Shipping Tycoons in Singapore shift focus and go into hotels and properties and smart move is : sell vessels at high prices and lease them at low prices. very good foresight. if not wrong, NOL IPO was $ 1 ? Now is $0.78 ? SAD. If Same $ is put into say Singapore property & hotels counters years ago, returns would be different.
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earlybird14 Supreme	12-Nov-2014 15:51        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	welcome. Even, a sunset industry, so long as the management is good, still can make big money. In opposite, the most earning business, may be now facebook? Alibaba? or smart phone, apple? or whatever, still got players are making loss and going to BK. Management is the key. Merger      ( Date: 12-Nov-2014 15:35) Posted: ok thanks for your info. I learnt something more , at least. earlybird14      ( Date: 12-Nov-2014 15:29) Posted: Don' t go too far, just talk about US Telecom history, 2 example: Most recent case, Sprint in US which is no.3 in US http://www.examiner.com/article/sprint-reports-large-quarterly-loss-axes-2-000-employees The result getting better after take over by Softbank in 2012, But still making loss in last quarter. Verizon who is No,2 now in US used to be name as MCI went bankrupt in 2003, Verizon is a new name after  the  MCI restructure  http://en.wikipedia.org/wiki/MCI_Inc. There were quite a few Telcoms went BK or making loss in the global market. No business are golden bowl, still depend on how  the board management  manage it.
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Merger Master	12-Nov-2014 15:35        Merger About Contact  Quote this Post!   Yells: "Sin-tel : " Let's make Ah-Pui-Day better ""
x 0   x 0  Alert Admin	ok thanks for your info. I learnt something more , at least. earlybird14      ( Date: 12-Nov-2014 15:29) Posted: Don' t go too far, just talk about US Telecom history, 2 example: Most recent case, Sprint in US which is no.3 in US http://www.examiner.com/article/sprint-reports-large-quarterly-loss-axes-2-000-employees The result getting better after take over by Softbank in 2012, But still making loss in last quarter. Verizon who is No,2 now in US used to be name as MCI went bankrupt in 2003, Verizon is a new name after  the  MCI restructure  http://en.wikipedia.org/wiki/MCI_Inc. There were quite a few Telcoms went BK or making loss in the global market. No business are golden bowl, still depend on how  the board management  manage it. Merger      ( Date: 12-Nov-2014 14:23) Posted: i think i am right. Telcos are doing well generally on a global scale. U just name me 2 major Telcos failures. Thanks.
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earlybird14 Supreme	12-Nov-2014 15:29        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Don' t go too far, just talk about US Telecom history, 2 example: Most recent case, Sprint in US which is no.3 in US http://www.examiner.com/article/sprint-reports-large-quarterly-loss-axes-2-000-employees The result getting better after take over by Softbank in 2012, But still making loss in last quarter. Verizon who is No,2 now in US used to be name as MCI went bankrupt in 2003, Verizon is a new name after  the  MCI restructure  http://en.wikipedia.org/wiki/MCI_Inc. There were quite a few Telcoms went BK or making loss in the global market. No business are golden bowl, still depend on how  the board management  manage it. Merger      ( Date: 12-Nov-2014 14:23) Posted: i think i am right. Telcos are doing well generally on a global scale. U just name me 2 major Telcos failures. Thanks. earlybird14      ( Date: 12-Nov-2014 14:01) Posted: Telcos? no really. For developed market, they are suffering, only the lead doing well, the runners are suffering if you do your own proper research for telcos companies in global market.
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