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ACLI [
http://www.aclines.com/]
American Commercial Lines Inc. (ACL) is a marine transportation and service company. ACL provides barge transportation and related services, and manufactures barges, towboats and other vessels, including ocean-going liquid tank barges. Barge transportation accounts for the majority of the Company's revenues, and includes the movement of grain, coal, steel, liquids and other bulk products in the United States. ACL operates in two primary business segments: transportation and manufacturing. ACL's transportation segment includes barge transportation operations in North America, and domestic fleeting facilities that provide fleeting, shifting, cleaning and repair services at various locations along the inland waterways. The manufacturing segment constructs marine equipment for external customers, as well as for the Company's transportation segment. In April 2008, the Company acquired the remaining 70% of the environmental and civil engineering services firm, Summit Contracting, LLC.
To support its domestic barging fleet, the Company operates port service facilities. ACL Transportation Services LLC operates facilities throughout the United States Inland Waterways consisting of the Mississippi River System, its connecting waterways and the Gulf Intracoastal Waterway (the Inland Waterways), which provide fleeting, shifting, cleaning and repair services for both barges and towboats, primarily for ACL, but also for third-party customers. ACLT has facilities in various locations, including Lemont, Illinois; St. Louis, Missouri; Cairo, Illinois; Louisville, Kentucky; Baton Rouge, Louisiana; Vacherie, Louisiana (Armant fleet); Harahan, Louisiana; Marrero, Louisiana, and Houston, Texas. Its operations consist of fleets, towboat repair shops, dry docks, scrapping facilities and cleaning operations.
ACL operates a coal receiving, storage and transfer facility in St. Louis, Missouri, and also owns, operates and charters river vessels suitable for transportation of coal on the Mississippi River. Together with Burlington Northern Santa Fe Railway (BNSF), the Company also transports coal from mines in the Powder River Basin of Wyoming and Montana, to the Louisiana Generating LLC (LaGen) power plant in Louisiana under an agreement with LaGen. The Company's St. Louis terminal also receives and stores coal from third-party shippers, who source coal on the BNSF and ship to inland utilities on ACL's barges. The Company’s liquid terminal in Memphis, Tennessee, provides liquid tank storage for third parties and processes oily bilge water from towboats. The oil recovered from this process is blended for fuel used by ACL's towboats or is sold to third parties. The Company owns 50% of BargeLink LLC, a joint venture with MBLX, Inc. BargeLink LLC provides third-party logistics services to international and domestic shippers, who distribute goods primarily throughout the inland rivers.
Transportation
The Company provides dry cargo barge transportation and liquid cargo barge transportation on the United States Inland Waterways. Its dry cargo barges transport a variety of bulk and non-bulk commodities. ACL also transports chemicals, petroleum, ethanol, edible oils and other liquid commodities through its fleet of tank barges. During 2008, ACL’s transportation segment transported approximately 35.4 billion ton miles of cargo under affreightment contracts, and an additional 4.1 billion ton miles under towing and day rate contracts for a total of 39.5 billion ton miles. During 2008, bulk was ACL's largest class of cargo transported (23.5% of transportation revenue), followed by grain, steel and coal. Bulk commodities contain a variety of cargo segments, including salt, alumina, fertilizers, cement, ferro alloys, ore and gypsum.
As of December 31, 2008, the 2,645 barges in the Company's domestic fleet included 1,873 covered dry cargo barges, 381 open dry cargo barges and 391 tank barges that carry liquid cargo. It operates 452 of these dry cargo barges and 38 of these tank barges pursuant to charter agreements.
As of December 31, 2008, ACL's barge fleet was powered by 132 owned towboats and 20 additional towboats operated exclusively for the Company by third parties. ACL provides additional value-added services to its customers, including third-party logistics through its BargeLink LLC joint venture, and limited container transportation services between Chicago and New Orleans. The Company's operations incorporate advanced fleet management practices and information technology systems, including its ACLTrac real-time global positioning system (GPS) barge tracking system, which allows the Company to manage its fleet. ACL's barging operations are complemented by its marine repair, maintenance and port services (such as fleeting, shifting, repairing, and cleaning of barges and towboats) located throughout the Inland Waterway.
The Company's primary customers include industrial and agricultural companies in the United States. ACL enters into a variety of contracts with these customers, ranging from single spot movements to renewable one-year contracts and multi-year extended contracts. Its customers include Cargill, Inc., North American Salt Company, the David J. Joseph Company, Consolidated Grain and Barge Company, Bunge North America, Inc., United States Steel Corporation, Nucor Steel, Alcoa, Inc., Lyondell Chemical Company, Shell Chemical Company, Koch Industries, DuPont and Nova Chemicals, Inc. It has contractual relationship with LaGen, a subsidiary of NRG Energy, Inc, and Burlington Northern Santa Fe Railway (BNSF). In 2008, the transportation segment generates over 72% of its revenues under term contracts and spot market arrangements with customers to transport cargoes on a per ton basis from an origin point to a destination point along the Inland Waterways on the Company’s barges, pushed primarily by the Company's towboats. ACL's dedicated service contracts typically provide for dedicated equipment specially configured to meet the customer's requirements for scheduling, parcel size and product integrity.
Manufacturing
The Company's manufacturing subsidiary, Jeffboat LLC (Jeffboat), is a manufacturer of dry cargo and tank barges in the United States. Located in Jeffersonville, Indiana, Jeffboat is an inland single-site shipyard and repair facility, occupying approximately 68 acres of land and approximately 5,600 feet of frontage on the Ohio River. ACL designs and manufacture barges and other vessels for third-party customers and for its inland river transportation business. It also manufactures equipment for coastal and offshore markets. In addition, ACL provides complete dry-docking capabilities and machine shop facilities for repair and storage of towboat propellers, rudders and shafts. Its Jeffboat facility also offers technically advanced marine design and manufacturing capabilities for both inland and ocean service vessels. The primary third-party customers of Jeffboat are other operators within the inland barging industry. ACL's transportation segment is a significant customer of Jeffboat.
ACL competes with Trinity Industries, Inc.
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ANW [
http://www.ampni.com/]
Aegean Marine Petroleum Network, Inc. (Aegean), incorporated on June 6, 2005, is a holding company. Through its subsidiaries, the Company operates as an independent physical supplier and marketer of refined marine fuel and lubricants. The Company procures marine fuel from refineries, oil producers, and resells to a diversified customer base, representing all segments of the shipping industry, including tankers, container ships, drybulk carriers, cruise ships, reefers, liquefied natural gas (LNG)/liquefied petroleum gas (LPG), car carriers, ferries, and marine fuel traders and brokers. The Company serves Greece, Gibraltar, the United Arab Emirates, Jamaica, Singapore, Northern Europe, Portland, West Africa, Vancouver, Montreal and Mexico. As of March 31, 2009, it owned a fleet of 33 bunkering vessels, 28 of which are double hull. On July 1, 2008, Aegean acquired ICS Petroleum Ltd., a Canada-based marketer and supplier of marine petroleum products in Vancouver, Montreal and Mexico.
The Company owns two double-hull Panamax tankers, Fos and Ouranos, with a cargo-carrying capacity of approximately 68,000 deadweight tons (dwt) each, which the Company uses as floating storage facilities in Ghana and the United Arab Emirates, respectively. It also owns one double-hull Aframax tanker, Leader, with a cargo-carrying capacity of approximately 82,000 dwt, which it has positioned in Gibraltar for use as a floating storage facility. In Jamaica, Aegean uses its 5,000-dwt tanker, Aegean IX, as a floating storage facility. In addition to its bunkering operations, the Company markets and distributes marine lubricants under the Alfa Marine Lubricants brand. Alfa Marine Lubricants are available in most of its markets. In February 2009, the Company entered into an agreement to join the Sealub Alliance Network, a group formed by Gulf Oil Marine Ltd. to collaborate in the marketing and distribution of marine lubricants.
Greece
Aegean services its customers through its related company, Aegean Oil S.A. (Aegean Oil), in Piraeus, Patras, and other parts of Greece. Aegean Oil has a license to operate as a physical supplier of refined marine petroleum products in Greece. During the year ended December 31, 2008, its sales of marine fuel in Greece amounted to approximately 695.8 thousand metric tons. In addition to Piraeus and Patras, Aegean Oil has a license to operate as a physical supplier of refined marine petroleum products in all ports in Greece, including Thessaloniki and Crete. As of December 31, 2008, the Company operated eight double-hull bunkering tankers in Greece. It purchases its fuel from Hellenic Refinery (ELPE) and Motor Oil Hellas.
Gibraltar
The Company possesses a license issued by the Bunkering Superintendent of the Port of Gibraltar to act as a physical supplier of marine petroleum products in Gibraltar. During 2008, its sales of marine fuel in Gibraltar amounted to approximately 1,008.9 thousand metric tons. As of December 31, 2008, it operated four double-hull bunkering tankers in Gibraltar. The Company purchases its fuel in Gibraltar from a variety of different suppliers, including Repsol S.A. and Lia Oil S.A. It stores its fuel in its floating storage facility, the double-hull Aframax tanker, Leader.
The United Arab Emirates
The Company possesses a license issued by Sharjah Economic Development Department to act as a physical supplier of marine petroleum products in the port area of Fujairah. During 2008, its sales of marine fuel in Fujairah amounted to approximately 988 thousand metric tons. As of December 31, 2008, it operated four double-hull bunkering tankers in the United Arab Emirates. The Company purchases its fuel in Fujairah from a variety of different suppliers, including FAL Energy Co. Ltd., which also engages in supply operations in the port, Vitol, and ENOC. It stores its fuel in its floating storage facility, the double-hull Panamax tanker, Ouranos.
Jamaica
The Company is authorized by the Port Authority of Jamaica to act as a physical supplier of marine petroleum products in Jamaica. It services its customers in the ports of Kingston and Ocho Rios, Jamaica, and may elect to service its customers in other locations in Jamaica. During 2008, its sales of marine fuel in Jamaica amounted to approximately 522.2 thousand metric tons. As of December 31, 2008, the Company operated two double-hull tankers and one single-hull bunkering tanker in Jamaica. In Jamaica, the Company has a long-term contract to purchase its fuel from the state refinery, Petrojam Limited, which also engages in limited supply operations within the port. It stores its fuel in its floating storage facility, the single-hull tanker, Aegean IX.
Singapore
Aegean possesses a license issued by the Maritime and Port Authority of Singapore to act as a physical supplier of marine petroleum products in the port of Singapore. During 2008, its sales of marine fuel in Singapore amounted to approximately 1,128.4 thousand metric tons. It operates five double-hull bunkering tankers in Singapore. The Company purchases its fuel in Singapore from a variety of different suppliers, including BP Singapore Pte. Ltd., Chemoil, Conoco-Phillips, Shell Singapore, Kuo Oil and ExxonMobil.
Northern Europe
The Company possesses a license issued by the Belgian Federal Ministry of Finance to trade and supply marine petroleum products offshore and in ports. It delivers fuel offshore and service over 45 ports located throughout Northern Europe, including the North and Irish Sea, the French Atlantic, the English Channel and St. George Channel. During 2008, its sales of marine fuel in Northern Europe amounted to 278.5 thousand metric tons. It operates three double-hull bunkering tankers in Northern Europe. The Company purchases its fuel in Northern Europe from a variety of different suppliers, including Total Belgium and Verbeke Netherlands.
West Africa
Aegean possesses a license from Ghana's National Petroleum Authority to act as a physical supplier of marine petroleum products both off the coast and in the ports of Ghana. It commenced physical supply operation in January 2008, and during 2008, its sales of marine fuel in West Africa amounted to approximately 174.5 thousand metric tons. The Company operates one double-hull and two single-hull bunkering tankers in West Africa. It purchases its fuel in West Africa from a variety of different suppliers, including Traffigura Ltd. and OVLAS Trading S.A., and stores it in its floating storage facility, the double hull Panamax tanker, Fos.
The United Kingdom
The Company owns a marine fuel terminal infrastructure located in Portland Harbor. Its terminal is located near the southern access of the North Sea Sulphur Emission Control Area (SECA) and provides access for commercial vessels to refuel. The Company stores its marine fuel in land-based storage tanks, which it leases from Portland Port Limited. Aegean commenced bunkering and terminal operations in April 2008, and in 2008, its sales of marine fuel, including low-sulphur marine fuels, amounted to 114.2 thousand metric tons. The Company operates one double-hull bunkering tanker and owns a special-purpose vessel in the United Kingdom. It purchases its fuel in the United Kingdom from a variety of different suppliers, including Total and Statoil.
Vancouver
Aegean trades in and supplies marine petroleum products off the coast and in the port of Vancouver. During 2008, its sales of marine fuel in the port of Vancouver area amounted to 157 thousand metric tons. The Company operates two single-hull bunkering barges in the port of Vancouver. It purchases its fuel in Vancouver from a variety of different suppliers, including Esso (Imperial Oil), which also engages in supply operations in the port.
The Company competes with Eko-Elda Abee., Sekavin S.A., Seka S.A., Jet Oil S.A., Eteka S.A., Gallon Oil S.A., CESPA (Gibraltar) Ltd., Vemaoil Company Ltd., Bominflot of Gibraltar Ltd., Peninsula Petroleum Ltd., ENOC Bunkering (Fujairah) LLC, Akron Trade and Transport, International Supply, Oil Marketing & Trading Inc., Chemoil Corporation, Global Energy Trading Pte. Ltd., Alliance Oil Trading, Searights Maritime Services Pte. Ltd., Equatorial Marine Fuel, Sentek Marine & Trading, Chemoil Europe BV, BP, Total, ExxonMobil, OW Bunkering, Addax Bunkering Services, World Fuel Services Europe Limited, Marine Petrobulk Ltd., Shell Canada, Petro Canada, World Fuel Services Corporation, Shell Marine Products and Fujairah National Bunkering Co. LLC.
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