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danger Supreme	09-Oct-2014 15:40        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	That' s why i said it is FINISHED Davidson      ( Date: 09-Oct-2014 15:27) Posted: Hi expert. This giant here keep on selling down any bad news? Each new day see the new low. Thank you
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Davidson Senior	09-Oct-2014 15:27        Davidson About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi expert. This giant here keep on selling down any bad news? Each new day see the new low. Thank you
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MerzMerz Senior	09-Oct-2014 13:31        MerzMerz About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	I think for doing anything, u should always compare to the best then u can be better (and not worst). What is there to learn when u compare with the worst?? I also learn from someone: in any market, u should always pace yourself either in the first or second position, anything other than that get u no where... (Meaning u earn only the left over lah). Trespasserx      ( Date: 09-Oct-2014 09:26) Posted: You always compare NOL with the best to undermine what NOL is doing.. If nol is better than the best, we don't even need to bother to discuss here.. A more informative discussion should be is what NOL doing better or ahead with most of the other peers in the mkt.. earlybird14      ( Date: 09-Oct-2014 09:15) Posted: Maersk and NOL offer same minimum rate, which company service will be chosen by Clients? Don' t forget Maersk time slots are much more available compared to NOL due to larger fleet.
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earlybird14 Supreme	09-Oct-2014 09:39        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Except top 3, others are in bad situation. If compared to other peers, just based on last quarter result, few players in korea and japan has breakeven. After selling headquarter, next is to sell their logistic business. No matter IPO in US or sell the entire business away, this is just another approach to look for money to pay for interest of the debt. If the loss making is not stopped, all the valuable thing will be sold. Trespasserx      ( Date: 09-Oct-2014 09:26) Posted: You always compare NOL with the best to undermine what NOL is doing.. If nol is better than the best, we don't even need to bother to discuss here.. A more informative discussion should be is what NOL doing better or ahead with most of the other peers in the mkt.. earlybird14      ( Date: 09-Oct-2014 09:15) Posted: Maersk and NOL offer same minimum rate, which company service will be chosen by Clients? Don' t forget Maersk time slots are much more available compared to NOL due to larger fleet.
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Trespasserx Senior	09-Oct-2014 09:26        Trespasserx About Contact  Quote this Post!
x 0   x 0  Alert Admin	You always compare NOL with the best to undermine what NOL is doing.. If nol is better than the best, we don't even need to bother to discuss here.. A more informative discussion should be is what NOL doing better or ahead with most of the other peers in the mkt.. earlybird14      ( Date: 09-Oct-2014 09:15) Posted: Maersk and NOL offer same minimum rate, which company service will be chosen by Clients? Don' t forget Maersk time slots are much more available compared to NOL due to larger fleet. Lucky03      ( Date: 08-Oct-2014 21:18) Posted: Hang on there... In shift, westbound trans-Pacific lines recommend minimum rates JOC Staff | Oct 07, 2014 9:27PM EDT Carriers serving the trans-Pacific westbound trade from the U.S. to Asia will attempt to raise rates as of Nov. 1, arguing that rates currently ?fall well below breakeven levels.? Member carriers in the Transpacific Stabilization Agreement Westbound section will recommend ?guideline minimum rates? of $300 per 40-foot container (FEU) from Los Angeles-Long Beach, and $750 per FEU for all-water U.S. East and Gulf Coast shipments, for shipments of waste paper, hay, and metal and plastic scrap to China base ports. Like a recent announcement related to trans-Pacific imports, the TSA is changing strategy, recommending minimum rates rather than rate increases as they had done for years. The World Container Index Los Angeles to Shanghai spot rate has plummeted this year, according to data displayed on JOC.com, falling 32 percent since March to $593 per 40-foot container. But the rationale is the same, that carriers have allowed rate levels to fall so far that they?re not making money at current levels. ?Container lines serving the U.S. export trade to Asia have seen freight rates fall well below breakeven levels in recent months amid weakening demand and rising costs,? the TSA said in a statement issued late on Tuesday. ?This comes in a trade where relatively low-value, low margin base cargoes such as recyclables and hay account for up to 40% of the entire market, and are moving at rates which do not cover the variable transport costs, let alone contribute to voyage costs.? TSA-Westbound lines said the specified minimum rates ?still do not restore rates to sustainable levels for the commodities and port pairs in question, and it is expected that these, along with rates for other origins and other destinations will need to be higher.? The TSA, therefore, said further increases are likely in December and in early 2015. ?Many base cargo rates in the westbound transpacific market are approaching levels that do not justify carriage, especially when you take into account offsetting destination costs such as equipment cleaning and repair and local delivery,? TSA-Westbound executive administrator Brian Conrad said in a statement. ?That?s bad news for shippers in a market with strong headhaul Asia-U.S. demand for repositioning of empty equipment on westbound ships, as well as for carriers for which recyclables and hay represent a large share of the market. We need to bring those rates up and we believe the market can support the higher minimums.? TSA lines include: APL Ltd., Kawasaki Kisen Kaisha, Ltd. (K Line), China Shipping Container Lines, Maersk Line, CMA-CGM Mediterranean Shipping Co., COSCO Container Lines, Ltd. Nippon Yusen Kaisha (N.Y.K. Line), Evergreen Line Orient Overseas Container Line, Ltd., Hanjin Shipping Co., Ltd. Yangming Marine Transport Corp., Hapag-Lloyd AG Zim Integrated Shipping Services, Hyundai Merchant Marine Co., Ltd.
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earlybird14 Supreme	09-Oct-2014 09:24        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	http://www.alphaliner.com/top100/ Maersk just worry his No 1 will be taken over by MSC in the future. Here stop people buying, once time is right, they will be the first to buy and will buy a lot. Don' t forget they were the one triggered Giant container buying trend in 2010 by ordering 20 set of tripple E, 18,000 TEU. Maersk 4.5% fleet expansion is 22.6% NOL fleet expansion. Maersk surely will buy more ships and bigger ones, this has been in their plan. They have 1billion profit on hand, this is equal to 5 to 6 tripple E 18,000TEU container vessels. Lucky03      ( Date: 09-Oct-2014 01:17) Posted: Imagine the advice to buy less ships coming from someone who shared not long ago plan to buy not just more ships and bigger ones ! Maersk chief Andersen urges industry to order less ships Copenhagen By Marcus Hand from Copenhagen Despite growing global protectionism AP Moller ? Maersk chief Nils S Andersen said they expect container shipping volumes to grow at 4.5% a year, however, shipowners to focus on market needs rather than speculating on newbuildings to improve returns. In his keynote speech to the Danish Maritime Forum Andersen said: ?We at our company are predicting containerised volumes to grow at around 4.5% per year, so we are in something that by normal standards is a very, very attractive market. ?Why is it then shipping is not an attractive industry, and we know its not an attractive industry as we know the returns, and when we compare them to other industries and generally speaking the 55,000 ships that cruise around on the oceans give lower returns than other industries.? Given this scenario Andersen said his advice to the industry would be to, ?Order a little less and look a little further into the future, maybe focus much more on market needs than we have been doing.? While many investors and shipowners make counter-cyclical investment in ships as they believe prices will go up Andersen argued this concept did not hold in a non-inflationary market. ?Just take the argument we are living in a low growth area, prices of everything are coming down, anything that is standard is coming down [in price], and you have technology risk, so why on earth don?t we believe that owning ships is a minus game.? Looking to Maersk?s own strategy he explained, ?What we try to do is actually buy the ships we need for our business as late as possible, so that means we don?t speculate in low prices or high prices, we postpone the acquisition as long as we can. ?We think the market is overbuilt, there is plenty of shipyard capacity so the chance of making money speculating in ships is limited. I don?t many people who get the idea of speculating in the price of trucks or Volkswagen Golfs.?
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earlybird14 Supreme	09-Oct-2014 09:15        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Maersk and NOL offer same minimum rate, which company service will be chosen by Clients? Don' t forget Maersk time slots are much more available compared to NOL due to larger fleet. Lucky03      ( Date: 08-Oct-2014 21:18) Posted: Hang on there... In shift, westbound trans-Pacific lines recommend minimum rates JOC Staff | Oct 07, 2014 9:27PM EDT Carriers serving the trans-Pacific westbound trade from the U.S. to Asia will attempt to raise rates as of Nov. 1, arguing that rates currently ?fall well below breakeven levels.? Member carriers in the Transpacific Stabilization Agreement Westbound section will recommend ?guideline minimum rates? of $300 per 40-foot container (FEU) from Los Angeles-Long Beach, and $750 per FEU for all-water U.S. East and Gulf Coast shipments, for shipments of waste paper, hay, and metal and plastic scrap to China base ports. Like a recent announcement related to trans-Pacific imports, the TSA is changing strategy, recommending minimum rates rather than rate increases as they had done for years. The World Container Index Los Angeles to Shanghai spot rate has plummeted this year, according to data displayed on JOC.com, falling 32 percent since March to $593 per 40-foot container. But the rationale is the same, that carriers have allowed rate levels to fall so far that they?re not making money at current levels. ?Container lines serving the U.S. export trade to Asia have seen freight rates fall well below breakeven levels in recent months amid weakening demand and rising costs,? the TSA said in a statement issued late on Tuesday. ?This comes in a trade where relatively low-value, low margin base cargoes such as recyclables and hay account for up to 40% of the entire market, and are moving at rates which do not cover the variable transport costs, let alone contribute to voyage costs.? TSA-Westbound lines said the specified minimum rates ?still do not restore rates to sustainable levels for the commodities and port pairs in question, and it is expected that these, along with rates for other origins and other destinations will need to be higher.? The TSA, therefore, said further increases are likely in December and in early 2015. ?Many base cargo rates in the westbound transpacific market are approaching levels that do not justify carriage, especially when you take into account offsetting destination costs such as equipment cleaning and repair and local delivery,? TSA-Westbound executive administrator Brian Conrad said in a statement. ?That?s bad news for shippers in a market with strong headhaul Asia-U.S. demand for repositioning of empty equipment on westbound ships, as well as for carriers for which recyclables and hay represent a large share of the market. We need to bring those rates up and we believe the market can support the higher minimums.? TSA lines include: APL Ltd., Kawasaki Kisen Kaisha, Ltd. (K Line), China Shipping Container Lines, Maersk Line, CMA-CGM Mediterranean Shipping Co., COSCO Container Lines, Ltd. Nippon Yusen Kaisha (N.Y.K. Line), Evergreen Line Orient Overseas Container Line, Ltd., Hanjin Shipping Co., Ltd. Yangming Marine Transport Corp., Hapag-Lloyd AG Zim Integrated Shipping Services, Hyundai Merchant Marine Co., Ltd.
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Jeanie1000 Member	09-Oct-2014 08:56        Jeanie1000 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	What a stupid question lifeisgood      ( Date: 08-Oct-2014 17:11) Posted: CEO knows anything about container shipping? danger      ( Date: 08-Oct-2014 16:09) Posted: FINISHED !!!
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Lucky03 Elite	09-Oct-2014 05:51        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Transpacific container lines aim for rate minimums in 2015 - 16 contracts By Marcus Hand from Singapore Container lines on the transpacific trade are aiming for minimum rate levels in 2015 ? 2016 in the range of $2,000 to $3,650 per feu from Asia to the US. The Transpacific Stabilisation Agreement (TSA) is moving away from general rate increases (GRI) to contract rate objectives for 2015 ? 2016 annual contracts. TSA is recommending its members seek minimum rates of $2,000 per feu from North Asia to the US West Coast and $3,500 per feu from North Asia to the US East Coast. From Southeast Asia to the US West Coast the recommended minimum is $2,150 per feu and $3,650 to the US East Coast. There will varying levels minimum for different inland destinations for example North Asia to Chicago would be $3,900 per feu and from Southeast Asia $4,050 per feu. For 20-foot boxes rates will be assessed at 90% of the feu rate. ?Carriers feel an urgent need in the current market environment to view pricing differently,? said TSA executive administrator Brian Conrad. ?Rate minimums are an effort to better reflect actual costs of service, rather than simply recommending a specific increase to whatever baseline rate is in the tariff based on short-term supply-demand conditions.? TSA has rolled out multiple GRIs this year but with little success in raising overall rate levels.
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Lucky03 Elite	09-Oct-2014 01:17        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Imagine the advice to buy less ships coming from someone who shared not long ago plan to buy not just more ships and bigger ones ! Maersk chief Andersen urges industry to order less ships Copenhagen By Marcus Hand from Copenhagen Despite growing global protectionism AP Moller ? Maersk chief Nils S Andersen said they expect container shipping volumes to grow at 4.5% a year, however, shipowners to focus on market needs rather than speculating on newbuildings to improve returns. In his keynote speech to the Danish Maritime Forum Andersen said: ?We at our company are predicting containerised volumes to grow at around 4.5% per year, so we are in something that by normal standards is a very, very attractive market. ?Why is it then shipping is not an attractive industry, and we know its not an attractive industry as we know the returns, and when we compare them to other industries and generally speaking the 55,000 ships that cruise around on the oceans give lower returns than other industries.? Given this scenario Andersen said his advice to the industry would be to, ?Order a little less and look a little further into the future, maybe focus much more on market needs than we have been doing.? While many investors and shipowners make counter-cyclical investment in ships as they believe prices will go up Andersen argued this concept did not hold in a non-inflationary market. ?Just take the argument we are living in a low growth area, prices of everything are coming down, anything that is standard is coming down [in price], and you have technology risk, so why on earth don?t we believe that owning ships is a minus game.? Looking to Maersk?s own strategy he explained, ?What we try to do is actually buy the ships we need for our business as late as possible, so that means we don?t speculate in low prices or high prices, we postpone the acquisition as long as we can. ?We think the market is overbuilt, there is plenty of shipyard capacity so the chance of making money speculating in ships is limited. I don?t many people who get the idea of speculating in the price of trucks or Volkswagen Golfs.?
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Lucky03 Elite	08-Oct-2014 21:18        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hang on there... In shift, westbound trans-Pacific lines recommend minimum rates JOC Staff | Oct 07, 2014 9:27PM EDT Carriers serving the trans-Pacific westbound trade from the U.S. to Asia will attempt to raise rates as of Nov. 1, arguing that rates currently ?fall well below breakeven levels.? Member carriers in the Transpacific Stabilization Agreement Westbound section will recommend ?guideline minimum rates? of $300 per 40-foot container (FEU) from Los Angeles-Long Beach, and $750 per FEU for all-water U.S. East and Gulf Coast shipments, for shipments of waste paper, hay, and metal and plastic scrap to China base ports. Like a recent announcement related to trans-Pacific imports, the TSA is changing strategy, recommending minimum rates rather than rate increases as they had done for years. The World Container Index Los Angeles to Shanghai spot rate has plummeted this year, according to data displayed on JOC.com, falling 32 percent since March to $593 per 40-foot container. But the rationale is the same, that carriers have allowed rate levels to fall so far that they?re not making money at current levels. ?Container lines serving the U.S. export trade to Asia have seen freight rates fall well below breakeven levels in recent months amid weakening demand and rising costs,? the TSA said in a statement issued late on Tuesday. ?This comes in a trade where relatively low-value, low margin base cargoes such as recyclables and hay account for up to 40% of the entire market, and are moving at rates which do not cover the variable transport costs, let alone contribute to voyage costs.? TSA-Westbound lines said the specified minimum rates ?still do not restore rates to sustainable levels for the commodities and port pairs in question, and it is expected that these, along with rates for other origins and other destinations will need to be higher.? The TSA, therefore, said further increases are likely in December and in early 2015. ?Many base cargo rates in the westbound transpacific market are approaching levels that do not justify carriage, especially when you take into account offsetting destination costs such as equipment cleaning and repair and local delivery,? TSA-Westbound executive administrator Brian Conrad said in a statement. ?That?s bad news for shippers in a market with strong headhaul Asia-U.S. demand for repositioning of empty equipment on westbound ships, as well as for carriers for which recyclables and hay represent a large share of the market. We need to bring those rates up and we believe the market can support the higher minimums.? TSA lines include: APL Ltd., Kawasaki Kisen Kaisha, Ltd. (K Line), China Shipping Container Lines, Maersk Line, CMA-CGM Mediterranean Shipping Co., COSCO Container Lines, Ltd. Nippon Yusen Kaisha (N.Y.K. Line), Evergreen Line Orient Overseas Container Line, Ltd., Hanjin Shipping Co., Ltd. Yangming Marine Transport Corp., Hapag-Lloyd AG Zim Integrated Shipping Services, Hyundai Merchant Marine Co., Ltd.
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Trespasserx Senior	08-Oct-2014 18:54        Trespasserx About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think he is talking about his Wilmar ha lifeisgood      ( Date: 08-Oct-2014 17:11) Posted: CEO knows anything about container shipping? danger      ( Date: 08-Oct-2014 16:09) Posted: FINISHED !!!
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lifeisgood Supreme	08-Oct-2014 17:11        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	CEO knows anything about container shipping? danger      ( Date: 08-Oct-2014 16:09) Posted: FINISHED !!!
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danger Supreme	08-Oct-2014 16:09        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	FINISHED !!!
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earlybird14 Supreme	08-Oct-2014 13:21        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Ordering of larger ships years ahead is just part of the reason for Maersk making huge profit. The culture and mindset are the key to drive the cost down. After 2 years cost cutting plan, NOL claimed a lot of cost were cut but still making loss. This just imply that NOL internally were running at high cost. Even after the cost cutting, NOL is still running with relatively high cost margin compared to its peer. Lucky03      ( Date: 08-Oct-2014 12:44) Posted: No doubt that Mersk is the major if not the sole beneficiary of the ordering of larger ships years ahead of its peers. As such it is in a position to offer lower freight rate where it can still make profit while others can't. It also allows it to capture more market share which further enables it to lower freight rate even more and taking on even more market share as some liners started to declare bankrupt. It is obvious to many esp the Chinese Authority which will certainly not want to help it any more to the detriment of Chinese liners. Such lowering freight while may help to lower overall shipping costs will not increase their competitiveness as the drop is universal and apply to the global market as a whole. That's the main reason why it blocks the earlier alliance. Watch if the Chinese government will again block 2M alliance which will have the same outcome as the size will allow Mersk to save more and to further press down the freight rate to kill off competitors. Technically, the size of the 2 liners forming the alliance becomes anti-competiton and 'fair game' as Mersk can again having overwhelming advantage to increase its market share by again lowering freight rate by its sheer size. Mersk has insisted that they can go ahead with the alliance without the blessing of the Chinese government. Let's see if this is true. The current G6 alliance and O3 offers a balance of power.
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Lucky03 Elite	08-Oct-2014 12:44        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No doubt that Mersk is the major if not the sole beneficiary of the ordering of larger ships years ahead of its peers. As such it is in a position to offer lower freight rate where it can still make profit while others can't. It also allows it to capture more market share which further enables it to lower freight rate even more and taking on even more market share as some liners started to declare bankrupt. It is obvious to many esp the Chinese Authority which will certainly not want to help it any more to the detriment of Chinese liners. Such lowering freight while may help to lower overall shipping costs will not increase their competitiveness as the drop is universal and apply to the global market as a whole. That's the main reason why it blocks the earlier alliance. Watch if the Chinese government will again block 2M alliance which will have the same outcome as the size will allow Mersk to save more and to further press down the freight rate to kill off competitors. Technically, the size of the 2 liners forming the alliance becomes anti-competiton and 'fair game' as Mersk can again having overwhelming advantage to increase its market share by again lowering freight rate by its sheer size. Mersk has insisted that they can go ahead with the alliance without the blessing of the Chinese government. Let's see if this is true. The current G6 alliance and O3 offers a balance of power.
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earlybird14 Supreme	08-Oct-2014 10:12        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	There are numerous shipping company in the world. Some making profit, Maersk is exception who making huge profit. some breakeven, quite a few asian container shipping company achieve that but many of them making loss, unfortunately, NOL is one of them. Maersk has intention to launch 1billion share buy back. who good who bad, very obvious. 3 years making loss straight. SGX should delist it according to SGX rules. Let' s see what SGX will do on NOL for its 4 years making loss straight.   Trespasserx      ( Date: 08-Oct-2014 09:47) Posted: Yeah based on your argument.. Soon the only shipping company in the world will be left with only Maersk.. Yeah earlybird14      ( Date: 08-Oct-2014 09:23) Posted: http://www.joc.com/maritime-news/container-lines/how-maersk-making-money_20140908.html &ldquo If you compare Maersk Line to a number of other carriers, you see that Maersk Line&rsquo s unit costs seem to consistently drop faster than the oil price. So their cost savings are generated by significantly more than just falling oil prices. For a lot of their peers there is almost a one-to-one correspondence between oil prices and what their own unit costs do,&rdquo he said. The carrier&rsquo s first-half results show that its efforts to change the culture have taken hold. Cultural change is &ldquo an exercise that is relatively easy to do on paper. On paper you can always say this is how things should be done, but the difficult part is getting people to actually adhere to this way of doing it. It&rsquo s a mind-shift change. That&rsquo s what Maersk has accomplished,&rdquo Jensen said in a telephone interview from Copenhagen. The company&rsquo s mindset began to change under Eivind Kolding, CEO from 2006 to 2012, who launched a massive transformation as part of a strategy called Streamline. &ldquo They fired several thousand people, which was completely unheard of,&rdquo Jensen said. When Skou took over in early 2012, some Maersk Line employees hoped that the company would return to its former ways of doing business. &ldquo Skou was seen as an old-fashioned shipping guy, whereas Kolding was regarded as an accounting guy,&rdquo Jensen said. &ldquo They thought Skou would go back to the old ways of doing things, but what they found was the opposite. Skou continued what Eivind Kolding had launched an accelerated it. &ldquo If I look at the journey Maersk Line has been through in order to achieve its cultural shift, I would say they are at least three or four years ahead of most of their competitors,&rdquo Jensen said. He said he has talked with a number of former senior executives who left the company during this culture shift who say that what the carrier has done was necessary to bring the company to a point where it could make money in this environment. His conclusion? &ldquo I think that on cost cutting, frankly, we have to continue to take cost out at Maersk Line and as an industry.&rdquo He thinks the industry as a whole can generate efficiencies, and can pass them on to the customers in the form of lower rates. &ldquo I don' t think we&rsquo ll see anytime soon that we will have to stop taking cost out.&rdquo One of the cost-cutting strategies Maersk Line plans to employ going forward is a new vessel-sharing agreement it hopes to implement with Mediterranean Shipping Co. next year called the 2M. &ldquo I should say &lsquo if&rsquo it&rsquo s implemented, because we still have to receive regulatory approval in the U.S., and I don' t want to pre-empt that discussion,&rdquo Skou said. Echoing comments by Maersk Group CEO Nils Andersen, he says the 2M VSA does not need regulatory approval from China because it is not a corporation that has to be registered in China. Skou thinks Maersk Line still has plenty of room for further cost-cutting. &ldquo Just the mere fact that the ships continue to grow bigger and bigger means that the unit cost is falling. There&rsquo s all the other stuff that we are doing, especially on the fuel side where we have been able to reduce the fuel usage. So, yes, I think there&rsquo s lots of opportunity for continuing to cut our rates.&rdquo if you still think NOL got chance to return, you are destined to lose further. The success achieved by Maersk is not NOL can achieve within few years. This is a long term culture and mindset change within the organisation and thousand heads are chopped during the change.
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Trespasserx Senior	08-Oct-2014 09:47        Trespasserx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yeah based on your argument.. Soon the only shipping company in the world will be left with only Maersk.. Yeah earlybird14      ( Date: 08-Oct-2014 09:23) Posted: http://www.joc.com/maritime-news/container-lines/how-maersk-making-money_20140908.html &ldquo If you compare Maersk Line to a number of other carriers, you see that Maersk Line&rsquo s unit costs seem to consistently drop faster than the oil price. So their cost savings are generated by significantly more than just falling oil prices. For a lot of their peers there is almost a one-to-one correspondence between oil prices and what their own unit costs do,&rdquo he said. The carrier&rsquo s first-half results show that its efforts to change the culture have taken hold. Cultural change is &ldquo an exercise that is relatively easy to do on paper. On paper you can always say this is how things should be done, but the difficult part is getting people to actually adhere to this way of doing it. It&rsquo s a mind-shift change. That&rsquo s what Maersk has accomplished,&rdquo Jensen said in a telephone interview from Copenhagen. The company&rsquo s mindset began to change under Eivind Kolding, CEO from 2006 to 2012, who launched a massive transformation as part of a strategy called Streamline. &ldquo They fired several thousand people, which was completely unheard of,&rdquo Jensen said. When Skou took over in early 2012, some Maersk Line employees hoped that the company would return to its former ways of doing business. &ldquo Skou was seen as an old-fashioned shipping guy, whereas Kolding was regarded as an accounting guy,&rdquo Jensen said. &ldquo They thought Skou would go back to the old ways of doing things, but what they found was the opposite. Skou continued what Eivind Kolding had launched an accelerated it. &ldquo If I look at the journey Maersk Line has been through in order to achieve its cultural shift, I would say they are at least three or four years ahead of most of their competitors,&rdquo Jensen said. He said he has talked with a number of former senior executives who left the company during this culture shift who say that what the carrier has done was necessary to bring the company to a point where it could make money in this environment. His conclusion? &ldquo I think that on cost cutting, frankly, we have to continue to take cost out at Maersk Line and as an industry.&rdquo He thinks the industry as a whole can generate efficiencies, and can pass them on to the customers in the form of lower rates. &ldquo I don' t think we&rsquo ll see anytime soon that we will have to stop taking cost out.&rdquo One of the cost-cutting strategies Maersk Line plans to employ going forward is a new vessel-sharing agreement it hopes to implement with Mediterranean Shipping Co. next year called the 2M. &ldquo I should say &lsquo if&rsquo it&rsquo s implemented, because we still have to receive regulatory approval in the U.S., and I don' t want to pre-empt that discussion,&rdquo Skou said. Echoing comments by Maersk Group CEO Nils Andersen, he says the 2M VSA does not need regulatory approval from China because it is not a corporation that has to be registered in China. Skou thinks Maersk Line still has plenty of room for further cost-cutting. &ldquo Just the mere fact that the ships continue to grow bigger and bigger means that the unit cost is falling. There&rsquo s all the other stuff that we are doing, especially on the fuel side where we have been able to reduce the fuel usage. So, yes, I think there&rsquo s lots of opportunity for continuing to cut our rates.&rdquo if you still think NOL got chance to return, you are destined to lose further. The success achieved by Maersk is not NOL can achieve within few years. This is a long term culture and mindset change within the organisation and thousand heads are chopped during the change. earlybird14      ( Date: 07-Oct-2014 09:27) Posted: The answer is making loss. No doubt about that.
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earlybird14 Supreme	08-Oct-2014 09:23        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	http://www.joc.com/maritime-news/container-lines/how-maersk-making-money_20140908.html &ldquo If you compare Maersk Line to a number of other carriers, you see that Maersk Line&rsquo s unit costs seem to consistently drop faster than the oil price. So their cost savings are generated by significantly more than just falling oil prices. For a lot of their peers there is almost a one-to-one correspondence between oil prices and what their own unit costs do,&rdquo he said. The carrier&rsquo s first-half results show that its efforts to change the culture have taken hold. Cultural change is &ldquo an exercise that is relatively easy to do on paper. On paper you can always say this is how things should be done, but the difficult part is getting people to actually adhere to this way of doing it. It&rsquo s a mind-shift change. That&rsquo s what Maersk has accomplished,&rdquo Jensen said in a telephone interview from Copenhagen. The company&rsquo s mindset began to change under Eivind Kolding, CEO from 2006 to 2012, who launched a massive transformation as part of a strategy called Streamline. &ldquo They fired several thousand people, which was completely unheard of,&rdquo Jensen said. When Skou took over in early 2012, some Maersk Line employees hoped that the company would return to its former ways of doing business. &ldquo Skou was seen as an old-fashioned shipping guy, whereas Kolding was regarded as an accounting guy,&rdquo Jensen said. &ldquo They thought Skou would go back to the old ways of doing things, but what they found was the opposite. Skou continued what Eivind Kolding had launched an accelerated it. &ldquo If I look at the journey Maersk Line has been through in order to achieve its cultural shift, I would say they are at least three or four years ahead of most of their competitors,&rdquo Jensen said. He said he has talked with a number of former senior executives who left the company during this culture shift who say that what the carrier has done was necessary to bring the company to a point where it could make money in this environment. His conclusion? &ldquo I think that on cost cutting, frankly, we have to continue to take cost out at Maersk Line and as an industry.&rdquo He thinks the industry as a whole can generate efficiencies, and can pass them on to the customers in the form of lower rates. &ldquo I don' t think we&rsquo ll see anytime soon that we will have to stop taking cost out.&rdquo One of the cost-cutting strategies Maersk Line plans to employ going forward is a new vessel-sharing agreement it hopes to implement with Mediterranean Shipping Co. next year called the 2M. &ldquo I should say &lsquo if&rsquo it&rsquo s implemented, because we still have to receive regulatory approval in the U.S., and I don' t want to pre-empt that discussion,&rdquo Skou said. Echoing comments by Maersk Group CEO Nils Andersen, he says the 2M VSA does not need regulatory approval from China because it is not a corporation that has to be registered in China. Skou thinks Maersk Line still has plenty of room for further cost-cutting. &ldquo Just the mere fact that the ships continue to grow bigger and bigger means that the unit cost is falling. There&rsquo s all the other stuff that we are doing, especially on the fuel side where we have been able to reduce the fuel usage. So, yes, I think there&rsquo s lots of opportunity for continuing to cut our rates.&rdquo if you still think NOL got chance to return, you are destined to lose further. The success achieved by Maersk is not NOL can achieve within few years. This is a long term culture and mindset change within the organisation and thousand heads are chopped during the change. earlybird14      ( Date: 07-Oct-2014 09:27) Posted: The answer is making loss. No doubt about that. Lucky03      ( Date: 05-Oct-2014 22:27) Posted: I wish I know the answer for Q3 result. I'm eagerly awaiting. Some analysts are still expecting NOL to deliver a loss for 2014. Maersk is one of the very few staying profitable. It has managed to continue to lower its cost to survive the ever lower freight rate. It probably is one of the reasons why freight rate continues to drop as it increases its capacity and enjoy the significant savings of the bigger ships and in the process, increasing its market share too. I want to see how if any NOL is reaping significant cost savings from its latest fleet of larger ships and G6 alliance. Its utilization factors in fact increased from about 90% to 95%. Well, we are less than 26 days away to have the chance to check it out again.
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Davidson Senior	08-Oct-2014 07:58        Davidson About Contact  Quote this Post!
x 0   x 0  Alert Admin	Before They announce the loss Result they already pushed down the price!!! Another hopeless counter keep falling. Look like selling short is the best way to make $ in the share market!!
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