Shipping (Indexes & Companies). Trasporti Navali.

non so drys piglia mazzate..exm la segue a ruota..
 
Ultima modifica:
volumi da paura..ma sembra stiano a giocare..dopo la forte discesa di ieri mi sarei aspettato un rimbalzino oggi..certo che la news uscita non aiuta..ma un altro - 5..su su vento in poppa..
 
DRYS & Co.

$@£.V€ a tutti.

Si ravvede la medesima struttura ribassista a 5 onde evidenziata per DRYS (vedasi "quoted"), forse completata, per le seguenti company.

DAC - http://www.finanzaonline.com/forum/showpost.php?p=23611599&postcount=313
Filo del rasoio da non perforare in modo valido: low-ago.09 (3.25).
I ramo bull = 4.27 $
target I = 8.1
target II = 10.7


DRYS - http://www.finanzaonline.com/forum/showpost.php?p=23577911&postcount=228
Filo del rasoio da non perforare in modo valido: low-lug.09 (4.90).
I ramo bull = 8.76 $
target I = 13.7
target II = 19.1


EXM -http://www.finanzaonline.com/forum/showpost.php?p=23587123&postcount=253
Filo del rasoio da non perforare in modo valido: low-lug.09 (5.52).
I ramo bull = 8.70 $
target I = 14.2
target II = 19.6


FREE - http://www.finanzaonline.com/forum/showpost.php?p=23617068&postcount=324
Filo del rasoio da non perforare in modo valido (preliminare in quanto molto recente): low-nov.09 (1.16).
I ramo bull = 3.03 $
target I = 4.2
target II = 6.1


FRO -http://www.finanzaonline.com/forum/showpost.php?p=23617068&postcount=324
Filo del rasoio da non perforare in modo valido: low-lug.09 (19.8).
I ramo bull = 12.72 $
target I = 32.5
target II = 40.4


GMR - http://www.finanzaonline.com/forum/showpost.php?p=23617109&postcount=326
Presenta una struttura nettamente più a rischio di nuovi low in quanto i precedenti minimi chiave (ott.2009 = 6.67; ago.-set.2009 = 7.18) sono stati decisamente intaccati in autunno corrente, ma al momento recuperati. Il recupero però non ha generato delle weekly-candle decise e pertanto lo scenario potrebbe benissimo volgere ribassista. Massima attenzione a questa company.
Filo del rasoio da non perforare in modo valido: 6.97-7.18.
I ramo bull = 5.52 $
target I = 12.1
target II = 15.5


OCNF - http://www.finanzaonline.com/forum/showpost.php?p=23578114&postcount=231
Presenta una struttura nettamente più a rischio di nuovi low in quanto il precedente minimo chiave (apr.2009 = 1.01) è stato decisamente intaccato in autunno corrente, ma al momento recuperato. Il recupero però non ha generato delle weekly-candle decise e pertanto lo scenario potrebbe benissimo volgere ribassista. Massima attenzione a questa company.
Filo del rasoio da non perforare in modo valido: 1.01.
I ramo bull = 1.30 $
target I = 2.2
target II = 3.0


La rottura validata dei rispettivi "filo del rasoio" ovviamente fa scattare una operatività short, con plausibili doppi low 2009/2008 a seconda della company.




$@£.V€ a tutti. Breve commento strutturale sul chart DRYS.

Lineare weekly. - la gradevole coincidenza grafica tra book-value line (in rosa) e il low I trimestre 2006 rappresentano l'elemento di compressione dei corsi, ovvero il baluardo usato dal mercato come last-point di reverse tra scenari propulsivi vs. ribassisti su DRYS. Solo sopra il titolo sarà realmente dirompente.
Molto interessante notare come il titolo non riesce a compiere/aggiornare nuovi lows da lug.2009 in poi, nonostante il non superamento della book-value line. Il sospetto di una fase d'accumulo è concreto. Forse necessaria (ma non obbligatoria) una ulteriore leg ribassista prima del cross sul baluardo grafico; leg ribassista che devrebbe rispettare la fascia 5.5/5.20.
I più aggressivi possono entrare long su cross di 7.62/7.99 con stretto stop, sperando in una violenta corsa sopra la book-value.
I più aggressivi possono entrare short su cross di 5.5/5.2 con stretto stop, sperando in una violenta corsa sotto il low di lug.2009 con nuovo mini sell-off sulla company.


Semilog. weekly. - DRYS sembra aver completato una price-action di 5 ribassiste con 3 sub-strutturata in 5 fasi/leg a sua volta. Le 9 onde conteggiate (sufficientemente ben proporzionate) sembrerebbero ora richiamare un correttivo che si attesti in area 10/20.
Se il primo ramo rialzista (mar.2009-mag.2009 = 9$ circa) lo si suppone uguale all'ipotetico II partito dal low lug.2009, allora la proiezione bullish si attesterebbe a circa 9 $ sopra la base di 5.00 ovvero 14.00, con plausibile estensione di ulteriori 5 $ ovvero 19-area.
Detta price-action correttiva bullish si fortificherebbe solo sopra la book-value. Invece si indebolirebbe violentemente sotto la 5-area.
Il conteggio delineato è grossolano ma da un'ordine di grandezza chiaro del modello attualmente seguito nella sala operativa del Sal.Vi
Piattaforma - http://www.finanzaonline.com/forum/showpost.php?p=20176351&postcount=48
Sala Operativa - http://www.finanzaonline.com/forum/showpost.php?p=22715626&postcount=63


Dalla struttura mensile però emergono delle strutture non rassicuranti sul lungo termine che poi mi riservo di elucidare, ma che al momento non impattano sugli scenari del titolo per i traders fino ad area 5.00

Spero si possa apprezzare la cornice usata per i chart blu cobalto dei mari profondi , ove le Dry-Bulk veleggiavano sugli 8000/12000 di BDI pochi trimestri orsono ... e orsono ... è proprio il caso di ribadirlo !!!



N.B.: per trasparenza si comunica che lo scrivente potrebbe possedere, direttamente e/o indirettamente, quote degli strumenti finanziari in oggetto o ad essi correlati. Non si forniscono pertanto in alcun modo, raccomandazioni e/o segnali di vendita-acquisto sugli strumenti finanziari in oggetto o ad essi correlati.
Disclaimer manthra: http://www.finanzaonline.com/forum/showpost.php?p=23548136&postcount=66
Millenary chart: http://www.finanzaonline.com/forum/showpost.php?p=21296654&postcount=51
New F.o.L. Order: http://www.finanzaonline.com/forum/showpost.php?p=21463866&postcount=32
.

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DRYS [http://www.dryships.com/]
DryShips Inc., incorporated in September 2004, owns, through its subsidiaries, a fleet of 40 drybulk carriers comprised of seven Capesize, 29 Panamax, two Supramax, and two newbuilding drybulk vessels, as well as two ultra-deep-water semi-submersible drilling rigs and two ultra-deep-water newbuilding drillships. The Company’s drybulk fleet carries a variety of drybulk commodities including coal, iron ore, and grains, bauxite, phosphate, fertilizers and steel products. DryShips Inc. employs its drybulk vessels under period time charters, on bareboat charters, in the spot charter market and in drybulk carrier pools. Its subsidiaries include Ocean Rig ASA, DrillShips Investment Inc. and Primelead Shareholders Inc.
The Company employs its drybulk vessels under period time charters, on bareboat charters, in the spot charter market and in drybulk carrier pools. Twenty of its vessels are employed on time charter and three on bareboat charters. One of its Panamax drybulk carriers is operated in a Panamax drybulk carrier pool. Pools combine spot market voyages, time charters and contracts of affreightment with freight forward agreements for hedging purposes and to perform vessel scheduling. The Company’s drybulk carriers are managed by Cardiff Marine Inc. (Cardiff). Cardiff provides ship management services including technical supervision, such as repairs, maintenance and inspections, safety and quality, crewing and training, as well as supply provisioning.
The Company owns and operates two ultra-deep water, harsh environment, semi-submersible drilling rigs, the Leiv Eiriksson and the Eirik Raude. In April 2008, the Company, through its subsidiary, DrillShips Investment Inc., acquired two newbuilding drillships for use in ultra-deep water locations, identified as Hull 1865 and Hull 1866. In addition, the Company, through its subsidiary, Primelead Shareholders Inc., entered into contracts for construction of two newbuilding ultra-deep water drillships, identified as Hulls 1837 and 1838.
During the year ended December 31, 2008, the Company’s fleet comprised of Capesize, Panama and Supramax. Its rigs, Leiv Eiriksson had a contract with Shell U.K Limited, A/S Norske Shell and Shell E&P Ireland for a two-year term and Eirik Raude, had a contract with Tullow Oil PLC for a three-year term. The Company deploys its drybulk fleet between long-term and short-term (spot market) time charters.
http://www.reuters.com/finance/stocks/ratios?symbol=DRYS.O
http://finance.yahoo.com/q/ks?s=DRYS


N.B.: per trasparenza si comunica che lo scrivente potrebbe possedere, direttamente e/o indirettamente, quote degli strumenti finanziari in oggetto o ad essi correlati. Non si forniscono pertanto in alcun modo, raccomandazioni e/o segnali di vendita-acquisto sugli strumenti finanziari in oggetto o ad essi correlati.
Disclaimer manthra: http://www.finanzaonline.com/forum/showpost.php?p=23548136&postcount=66
Millenary chart: http://www.finanzaonline.com/forum/showpost.php?p=21296654&postcount=51
New F.o.L. Order: http://www.finanzaonline.com/forum/showpost.php?p=21463866&postcount=32
.
 
Portafoglio shipping

Buon di

ecco la mia visione del settore :

PORTAFOGLIO COMPOSTO


DSX ( buy area 15,50$ )

NAT

EXM ( piccolo parte )

FRO ( comprare dopo la trimestrale del 27 se le indicazioni che ne escono sono positive )

ANW


Buon weekend
 
$@£.V€ a tutti. Alcune schede di Shipping company.

BHO [http://www.bhocean.com/]
B+H Ocean Carriers Ltd., incorporated in April 1988, is engaged in the business of acquiring, investing in, owning, operating and selling product tankers, ore/bulk/oil (OBO), an accommodation field development vessel (AFDV) and bulk carriers. At December 31, 2008, the Company owned and operated four medium range and one panamax product tankers, five OBO combination carriers and three bulk carriers. The Company also owns a 50% interest in a company, which is the disponent owner of a 1992-built 72,389 dead-weight tons (DWT) Combination Carrier, effected through a lease structure. The Company, through its wholly owned subsidiary Straits Offshore Ltd (Straits) entered into an agreement to purchase an AFDV. The other wholly owned subsidiaries of the Company include Cliaship Holdings Ltd. (Cliaship), OBO Holdings Ltd. (OBO Holdings), Product Transport Corporation Ltd. (Protrans), Boss Tankers, Ltd. (Boss) and Seasak Holdings Ltd. (Seasak).
On January 15, 2009, the Company, through a wholly owned subsidiary, completed the selling of M/V ALGONQUIN. On February 26, 2008, the Company, through a wholly owned subsidiary, sold M/T ACUSHNET. On March 27, 2008, the Company, through a wholly owned subsidiary completed the selling of M/V SACHUSET.
The Company’s fleet of medium range (MR) product tankers consist of handy-size vessels, which are between 30,000 and 50,000 summer DWT, and are able, by reason of their smaller size, to trans*port commodities to and from the ports in the world, including those located in less developed third-world countries. The Company’s Panamax product tanker is 68,500 DWT. Product tankers are single-deck oceangoing vessels designed to carry a number of segregated liquid bulk commodities, such as refined petroleum products, vegetable oils, caustic soda and molasses. The Company’s fleet of OBOs are between 74,000 and 84,000 DWT. OBOs are combination carriers used to trans*port liquid, iron ore or bulk products such as coal, grain, bauxite, phosphate, sugar, steel products and other dry bulk commodities.
The ship owning activities of the Company entail three separate functions: the ship owning function, which is that of an investment manager and includes the purchase and sale of vessels and other shipping interests; the marketing and operations function which involves the deployment and operation of the vessels, and the vessel technical management function, which encompasses the day-to-day physical maintenance, operation and crewing of the vessels. The ship owning activities of the Company are managed by BHM.
http://www.reuters.com/finance/stocks/ratios?symbol=BHO
http://finance.yahoo.com/q/ks?s=BHO
http://stockcharts.com/h-sc/ui?s=BHO&p=D&yr=3&mn=0&dy=0&id=p73378626292

CAP [http://www.capps.com/]
CAI International, Inc., incorporated on August 3, 1989, is a container leasing and management company operating through two segments: container leasing and container management. The Company purchases new containers, leases them to container shipping lines and either retains them as part of its owned fleet or sells them to container investors for whom it then provides management services. In operating its fleet, CAI International leases, re-leases and disposes of containers and contracts for the repair, repositioning and storage of containers. As of December 31, 2008, the Company’s fleet comprised 778,000 trailer equivalent units (TEUs), 68.7%, of which represented managed fleet and 31.3% of which represented owned fleet. On April 30, 2008, the Company acquired CAI Consent Sweden AB (Consent), formerly named Consent Equipment AB, a European container and intermodal equipment leasing company.
CAI International leases containers to lessees under long-term leases, short-term leases and finance leases. Long-term leases cover a specified number of containers that will be on lease for a fixed period of time. Short-term leases provide lessees with the ability to lease containers either for a fixed term of less than one year or without a fixed term on an as-needed basis, with pick-up and drop-off of containers at depots worldwide. Finance leases are long-term lease contracts that grant the lessee the right to purchase the container at the end of the term for a nominal amount. As of December 31, 2008, 89.6% of the Company’s fleet, as measured in TEUs, was on lease, with 72.9% of these containers on long-term leases, 23.8% on short-term leases and 3.3% on finance leases.
The Company manages containers under management agreements that cover portfolios of containers. Its management agreements typically have terms of 10 years and provide that it receives a management fee based upon the actual rental revenue for each container less the actual operating expenses directly attributable to that container. The Company also receives fees for selling used containers on behalf of container investors. CAI International’s container leasing segment revenue comprises container rental revenue and finance lease income from owned fleet, while the container management segment revenue comprises gain on sale of container portfolios and management fee revenue for managing containers for container investors.
http://www.reuters.com/finance/stocks/ratios?symbol=CAP
http://finance.yahoo.com/q/ks?s=CAP
http://stockcharts.com/h-sc/ui?s=CAP&p=D&yr=3&mn=0&dy=0&id=p73378626292

CCL [http://www.carnivalcorp.com/]
Carnival Corporation is a cruise and vacation company. The Company has a portfolio of cruise brands and is a provider of cruises to all vacation destinations. The cruise brands of the Company includes Carnival Cruise Lines, Princess Cruises (Princess), Costa Cruises (Costa), Holland America Line, P&O Cruises, AIDA Cruises (AIDA), Cunard Line (Cunard), Ibero Cruises (Ibero), Ocean Village, P&O Cruises Australia and The Yachts of Seabourn (Seabourn). In addition to the cruise operations, the Company owns Holland America Tours and Princess Tours, the cruise/tour operators in the State of Alaska and the Yukon Territory of Canada.
The tour companies market and operate 16 hotels or lodges in the state of Alaska and the Yukon Territory of Canada, with 3,500 guest rooms; approximately 560 motor coaches used for sightseeing and charters in the states of Washington and Alaska, the Canadian Yukon Territory and the Canadian province of British Columbia, and 24 domed rail cars, which are run on the Alaska Railroad between Anchorage and Fairbanks, Whittier and Denali, and Whittier and Talkeetna. It also operates two luxury day boats; one offering a tour to Portage Glacier in Alaska, and another offering a fully-narrated 102-mile cruise on the Yukon River between Eagle, Alaska and Dawson City in the Canadian Yukon Territory, and sightseeing packages, or individual components of such packages, sold either separately or as part of the cruise/tour packages to the Alaskan cruise guests and to other vacationers.
Carnival Cruise Lines has been providing its fun and casual style of cruising for over 36 years, and operates 22 contemporary ships. All of Carnival Cruise Lines’ ships are designed and built as floating resorts. Carnival Cruise Lines’ cruises range from three to seven days and sail from 22 different homeports, including 15 in North America. Carnival Cruise Lines’ ships call year-round on ports in the Caribbean, the Bahamas and Mexican Riviera. In addition, Carnival Cruise Lines ships also offer seasonal cruises to Alaska, Canada/New England, Europe, South America and the Hawaiian Islands.
Princess operates a fleet of 17 modern ships. It offers over 115 itineraries to more than 350 destinations, with cruises generally of 7 to 14 days. Princess is a cruise line operating in regions worldwide, including Alaska, Asia, Australia, Europe, the South Pacific, including Australia, and South America. Some of Princess’ Caribbean cruise offerings feature a private island destination, known as Princess Cays, which Princess leases and operates, that is located on the island of Eleuthra in the Bahamas. Princess’ ships offer an array of anytime, traditional, specialty and casual dining options.
Holland America Line operates a fleet of 14 ships. Holland America Line cruises call at more than 320 ports in more than 100 countries on all seven continents. Homeports include New York, Boston, Fort Lauderdale, Tampa, San Diego, Seattle, Vancouver, Copenhagen, Amsterdam, Rotterdam, Rome, Rio de Janeiro, Valparaiso, Auckland, Sydney and Hong Kong. The majority of Holland America Line’s cruise lengths are from 7 to 21 days and the world cruise lasts over 100 days. Holland America’s ships were designed with airy viewing lounges, wraparound teak decks and private, roomy verandahs that offer guests the chance to experience wildlife and scenery.
Seabourn provides cruising vacations in a small-ship style that focuses on personalized services, accommodations, cuisine and experiences. Seabourn’s ships offer destinations worldwide, including Europe, Asia, the South Pacific and the Americas, with cruises generally in the 7 to 14 day range, with some cruises longer length. Seabourn operates three 208-guest yachts.
P&O Cruises is a cruise operator in the United Kingdom, with six ships. These ships cruise to over 235 destinations in more than 82 countries, with cruises ranging from 2 to 16 days, but with some cruises lasting longer. The Artemis and Arcadia are child-free ships, which generally appeal to an older guest demographic, while the rest of the fleet is equipped for families. P&O Cruises offers cruises from Southampton, England to the Mediterranean, the Atlantic Isles, the Baltic, Scandinavia and the Norwegian Fjords for the majority of the year, and operates Caribbean cruises and a choice of world voyages during the winter.
Cunard operates two luxury ships. Queen Mary 2 operates the northern transatlantic crossing route, as well as a 90 day world cruise. Most of Cunard’s non-world cruise voyages are 6 or 14 days.
Costa operates 12 contemporary ships. Costa offers guests an ambiance with an Italian touch. Costa serves customers in Italy, France, Spain and Germany. The Costa ships call on 250 ports worldwide, with 100 different itineraries, most from 7 to 11 days. Costa’s ships operate in Europe from spring to fall. From fall to spring Costa repositions two of its ships to the Caribbean, three of its ships to South America, two of its ships to the Arabian Gulf to homeport in Dubai, one of its ships to the Indian Ocean to homeport from the Island of Mauritius and maintains a year-round presence with three of its ships in the Mediterranean.
Ibero operates three contemporary Spanish cruise ships. Ibero’s guests are sourced from Spain, Brazil and Portugal. From March to October, Ibero’s ships offer seven-day Mediterranean and Northern European sailings homeported in Barcelona, Spain, Venice, Italy, Athens, Greece, Istanbul, Turkey, Copenhagen, Denmark and Helsinki, Finland.
AIDA operates five contemporary ships. It sources its guests from Germany and German speaking Austria and Switzerland. AIDA offers its guests cruises varying in length from 3 to 14 days, while calling on approximately 140 ports. During the summer, the AIDA ships sail in the Mediterranean and the North and Baltic Seas, while itineraries for the winter include the Caribbean, Central America, the Western Mediterranean, the Atlantic Isles, the Arabian Gulf and Trans-Suez Canal passages.
P&O Cruises Australia caters to the Australians and New Zealanders. Its ships, Pacific Dawn and Pacific Sun offer cruises from 7 to 14 days homeported from Sydney and Brisbane, Australia and Auckland, New Zealand. These cruises enable its guests to discover the islands of the South Pacific from New Caledonia to Tahiti, as well as exploring Australia’s coast line and New Zealand’s Fjords.
Costa Asia began in July 2006, with the Costa Allegra being homeported out of China to cater primarily to the Chinese and surrounding markets. In the peak Chinese vacation seasons during part of February and May, and from July through mid-October, the Costa Allegra sails from Hong Kong, Shanghai and Beijing, China, for five-day cruises, with guests sourced from China and surrounding markets. During the remaining non-peak vacation months, the Costa Allegra sails 14-day Far East cruises sourcing guests from Europe.
The Company competes with Royal Caribbean Cruises Ltd., Celebrity Cruises, Azamara Cruises, Norwegian Cruise Line, Disney Cruise Line, MSC Cruises, Crystal Cruises, Oceania Cruises, Regent Seven Seas Cruises, Silversea Cruises, Windstar Cruises, Thomson Cruises, Discovery Cruises, Saga Cruises, Hapag-Lloyd, Phoenix Reisen, Transocean Cruises, Louis Cruise Line, Star Cruises, CVC Cruise, Pullmantur, Fred Olsen Cruise Lines and CDF Croisieres de France.
http://www.reuters.com/finance/stocks/ratios?symbol=CCL
http://finance.yahoo.com/q/ks?s=CCL
http://stockcharts.com/h-sc/ui?s=CCL&p=D&yr=3&mn=0&dy=0&id=p73378626292

CGV [http://www.cggveritas.com/]
CGG Veritas is a manufacturer of geophysical equipment, and a provider of a range of services (including seismic data acquisition and related processing and interpretation software) principally to clients in the oil and gas exploration and production industry. The Company’s operations are organized into two segments: Services and Equipment. The Company is a provider of data processing and imaging services, which it provides through a worldwide network of 28 open seismic data processing centers and 12 client-dedicated centers. It also offers the Hampson-Russell software. It has an installed base of more than 1400 licenses at over 500 petroleum and service companies worldwide. During the year ended December 31, 2008, Services accounted for 71% and Equipment accounted for 29% of its consolidated revenues. In January 2009, TGS-NOPEC Geophysical Company ASA sold all its 10.1% interest in Wavefield Inseis ASA to CGG Veritas.
http://www.reuters.com/finance/stocks/ratios?symbol=CGV
http://finance.yahoo.com/q/ks?s=CGV
http://stockcharts.com/h-sc/ui?s=CGV&p=D&yr=3&mn=0&dy=0&id=p73378626292

CKH [http://www.seacorholdings.com/]
SEACOR Holdings Inc. (SEACOR), incorporated in 1989, owns, operates, invests in and marketing equipment, in the offshore oil and gas and marine transportation industries. SEACOR has six business segments: Offshore Marine Services, Marine Transportation Services, Inland River Services, Aviation Services, Environmental Services and Commodity Trading. The Company also has activities that are referred to under Other, which includes Harbor and Offshore Towing Services, various other investments in joint ventures and lending and leasing activities. It operates a fleet of offshore support vessels and helicopters servicing oil and gas exploration, development and production facilities and a fleet of tankers that transport petroleum, chemicals and crude products in the United States domestic or coastwise trade. SEACOR operates a fleet of inland river barges and towboats transporting grain and other bulk commodities on the United States inland waterways. On January 2, 2008, it acquired Trident Port Services, Inc.
Offshore Marine Services operates a diversified fleet of support vessels primarily servicing offshore oil and gas exploration, development and production facilities worldwide. Vessels in this service are employed to deliver cargo and personnel to offshore installations, handle anchors for drilling rigs and other marine equipment, support offshore construction and maintenance work, provide standby safety support and oil spill response services. From time to time, Offshore Marine Services supports projects, such as well stimulation, seismic data gathering and offshore accommodation. Offshore Marine Services also offers logistics services in support of offshore oil and gas exploration, development and production operations, including shore-based, marine transport and other supply chain management services. Offshore Marine Services’ principal customers are integrated oil companies, independent oil and gas exploration and production companies, and emerging independent companies. As of December 31, 2008, the types of vessels operated by the Offshore Marine Services segment included anchor handling towing supply (AHTS) vessels, crew boats, mini-supply vessels, standby safety vessels, supply vessels and towing supply vessels, and specialty, which includes anchor handling tugs, lift boats, accommodation, line handling and other vessels. Offshore Marine Services operates vessels in six geographic regions, such as United States, Africa (primarily West Africa), the United Kingdom (primarily North Sea), Asia, Middle East, and Mexico, Central and South America. As of December 31, 2008, 78 vessels were operating in the United States Gulf of Mexico, including 39 owned, 35 leased-in, three joint ventured and one pooled. Offshore Marine Services’ expertise in this market is deepwater anchor handling with its fleet of AHTS vessels, and exploration and production support with its fleet of crew and mini-supply vessels. As of December 31, 2008, 27 vessels were operating in West Africa, including 21 owned, two leased-in, three joint ventured and one managed. Offshore Marine Services operates primarily in Angola, servicing projects for oil companies. The other vessels in this region operate from ports in Nigeria, the Republic of the Congo, Cameroon, Gabon, Equatorial Guinea and South Africa. As of December 31, 2008, 29 vessels were operating in the North Sea, including 24 owned and five managed. The North Sea fleet provides standby safety and supply services. As of December 31, 2008, 12 vessels were operating in Asia, including 10 owned and two joint ventured. Offshore Marine Services’ vessels operating in this area generally support exploration programs. As of December 31, 2008, 20 vessels were operating in the Middle East region, including 17 owned, one leased-in, one joint ventured and one managed. Offshore Marine Services’ vessels operating in this area generally support activities in countries along the Arabian Gulf and Arabian Sea, including the United Arab Emirates, Qatar, Saudi Arabia and India. As of December 31, 2008, 24 vessels were operating in Mexico, Central and South America, including 18 owned, one leased-in and five managed. Offshore Marine Services’ primary markets in this region are Brazil, Venezuela, Argentina and Mexico. As of December 31, 2008, Marine Transportation Services operated a fleet of eight United States flag tankers, providing marine transportation services for petroleum products and chemicals moving in the United States domestic or coastwise trade. Under a time charter, Marine Transportation Services provides a vessel and is responsible for all operating expenses, typically excluding fuel and port charges. Under a bareboat charter, Marine Transportation Services provides a vessel to the customer and the customer assumes responsibility for all operating expenses and assumes all risk of operation. Vessel charters may range from several days to several years. Revenues from time charters and bareboat charters are recorded and recognized as services are provided.
Inland River owns, operates, invests in and markets inland river transportation equipment. It operates fleets of dry cargo and tank barges that transport agricultural, industrial, chemical and petrochemical products on the United States inland waterways, primarily the Mississippi River, Illinois River, Tennessee River, Ohio River and their tributaries and the United States Gulf Intracoastal waterways. SEACOR also owns towboats used for moving barges, a fleeting operation and deck barges for specialized projects.
The Inland River Services dry cargo fleet consists of open and covered hopper barges. Open hopper barges are used to transport commodities that are not sensitive to water, such as coal, aggregate and scrap. Each dry cargo barge in the Company’s fleet is capable of transporting approximately 1,500 to 2,000 tons (1,350 to 1,800 metric tons) of cargo. Inland River Services' fleet of 10,000 barrel liquid tank barges transports liquid bulk commodities, such as lube oils, solvents and glycols. Inland River Services has a 50% interest in a joint venture, which owns a fleet of inland marine transportation assets and also has 50% interest in a joint venture that operates a grain and fertilizer storage and handling facility in McLeansboro, Illinois.
Environmental Services primarily provides emergency preparedness and response services to oil, chemical, industrial and marine transportation clients in the United States and abroad. In the United States, these services are generally rendered to those clients who store, transport, produce or handle petroleum and certain non-petroleum oils. In the international markets, these services may be required by legislation and regulation of the countries, where the Company’s clients operate international maritime conventions and environmental covenants placed on clients by their lending institutions. Environmental Services provides emergency preparedness and response services to governmental agencies arising from natural disasters and homeland security issues, such as bio-terrorism, pandemic influenza and port security.
Environmental Services offers retainer contracts to the maritime community (tankers, not-tankers, chem.-carriers, refineries-pipelines-exploration-platforms-terminals facilitations).
Commodity Trading operates an integrated business involved in the purchase, storage, transportation and sale of agricultural and energy commodities. The principal commodities currently involved are rice, ethanol, clean blendstocks and sugar. Commodity Trading is divided into two main groups each with a specific focus, which include agricultural and energy. The agricultural group is primarily focused on the global origination, trading and merchandising of rough and milled rice and sugar. This group sources product from various export countries and arranges for the bundling and transport of the product to various import countries for sale in bulk or through local distribution networks. The group’s involvement in sugar is through an investment in a joint venture that focuses primarily on South America and the Caribbean. The energy group is primarily focused on the domestic trading and transportation of physical ethanol and clean blendstocks.
Commodity Trading uses a variety of transportation modes to transport its products, including trucks, railcars, river barges and ocean going vessels, which are generally leased. The transportation services are typically provided by truck lines, railroads and barge and ocean freight companies. From time to time, Commodity Trading utilizes the asset base of SEACOR’s other business units, primarily Inland River Services, for the transportation of product.
The Company competes with PHI, Inc., Bristow Group Inc., Rotorcraft Leasing Company LLC and Marine Spill Response Corporation.
http://www.reuters.com/finance/stocks/ratios?symbol=CKH
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CPLP [http://www.capitalpplp.com/]
Chapelthorpe plc is engaged in the manufacturing of colored polypropylene fibre, and the production of vinyl-base and the manufacture of polyvinyl chloride (PVC) plastisols for the wall coverings industry. The Company operates in the fiber division, which supplies polypropylene fibre to the floorcoverings, automotive, technical textiles, geotextiles and home furnishings markets. In addition, the Company has a joint venture in the Specialist Ccoatings industry, which supplies vinyl coated paper and plastisols to the wallcoverings industry. The fibres division operates from sites in the United Kingdom, Austria and the United States. On October 30, 2008, the Company sold 60% of interest in Speciality Coatings (Darwen) Limited to Lins Trading Limited.
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DHT [http://www.dhtmaritime.com/]
DHT Maritime Inc., incorporated in April 14, 2005, operates a fleet of double hull tankers. The Company’s fleet consists of three very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt); two Suezmax tankers, which are tankers ranging in size from 130,000 to 170,000 dwt, and four Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt. DHT Maritime Inc.’s fleet principally operates on international routes and had a combined carrying capacity of 1,656,921 dwt and a weighted average age of 8.7 years as of December 31, 2008. The Company acquired seven vessels in its fleet from subsidiaries of Overseas Shipholding Group, Inc. (OSG). OSG is a bulk-shipping company, which owns and operates a fleet of 154 vessels (including newbuildings on order) that have a combined carrying capacity of 15.9 million dwt and 865,000 cubic meter (cbm) as of December 31, 2008. OSG’s fleet consists of both internationally flagged and United States flagged vessels that transport crude oil, petroleum products and dry bulk commodities. On January 28, 2008, the Company acquired Suezmax, the Overseas London.
The Company’s fleet includes Overseas Ann, Overseas Chris, Overseas Regal, Overseas Cathy, Overseas Sophie, Rebecca and Overseas Ania. The Overseas Regal was built in Japan by Universal Shipbuilding Corporation and DHT Maritime Inc.’s other six vessels were built by Hyundai Heavy Industries Co. in South Korea, in each case under full-time onsite supervision of OSG’s in-house naval architects. The Company’s vessels are operated in the Tankers International Pool and the Aframax International Pool. In a pooling arrangement, the net revenues generated by all of the vessels in a pool are aggregated and distributed to pool members pursuant to a pre-arranged weighting system that recognizes each vessel’s earnings capacity based on its cargo capacity, speed and consumption, and actual on-hire performance.
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GLF [http://www.gulfmark.com/]
GulfMark Offshore, Inc., incorporated in 1996, provides offshore marine services primarily to companies involved in offshore exploration and production of oil and natural gas. The Company's vessels transport materials, supplies and personnel to offshore facilities, as well as move and position drilling structures. The Company and its subsidiaries operate through three segments: the North Sea, Southeast Asia and the Americas. The Company has 43 vessels based in the North Sea, 39 vessels operating in the Americas and 13 vessels operating offshore Southeast Asia. The Company’s customers employ its vessels to provide services supporting the construction, positioning and ongoing operation of offshore oil and natural gas drilling rigs, and platforms and related infrastructure. Offshore support vessels generally fall into seven functional classifications derived from their primary or predominant operating characteristics or capabilities: anchor handling, towing and supply vessels (AHTs), platform supply vessels (PSVs), Fast Supply or Crew Vessels (FSVs/Crewboat), specialty vessels (SpVs), standby rescue vessels (Stby), construction support vessels and utility vehicles. On July 1, 2008, the Company acquired Rigdon Marine Holdings, L.L.C. (Rigdon Holdings).
The Company's principal customers are integrated oil and natural gas companies, oil and natural gas exploration and production companies working in international markets and foreign government-owned or controlled oil and gas companies. In addition, its customers include companies that provide logistic, construction and other services to such oil and gas companies and foreign government organizations. The contracts are industry standard time charters for periods ranging from a few days or months up to ten years.
North Sea Market
The Company defines the North Sea market as offshore Norway, Denmark, the Netherlands, Germany, Great Britain, Ireland, the Norwegian Sea and the area West of Shetlands. This market can be divided into three service segments: exploration support, production platform support, and field development and construction. The exploration support services market represents the primary demand for AHTSs and the volatile segment of the North Sea market. While PSVs support the exploration segment, they also support the production and field construction segments, which are not affected by the volatility in demand for the AHTSs.
Southeast Asia Market
The Southeast Asia market is defined as offshore Asia bounded roughly on the west by the Indian subcontinent and on the north by China. This market includes offshore Brunei, Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. The design requirements for vessels in this market are similar to the requirements of the shallow water Gulf of Mexico. Vessels in this market are often smaller than those operating in areas, such as the North Sea. Demand for larger, newer and higher specification vessels is developing in the region where deepwater projects occur or where oil and natural gas companies employ larger fleets of vessels.
The Americas Market
The Company defines the Americas market as offshore North, Central and South America, specifically, including the United States, Mexico, Trinidad and Brazil. The Americas-based fleet includes 39 vessels. Drilling in the Gulf of Mexico is divided into two sectors: the shallow waters of the continental shelf and the deepwater areas of the Gulf of Mexico. The Company operates six vessels in Brazil, including the Brazilian built vessel Austral Abrolhos. It has three PSVs, two AHTSs and an SPV operating in the region under contracts of varying lengths.
Other Markets
The Company has contracted its vessels outside of its operating segment regions principally on short-term charters in offshore Africa, India and the Mediterranean region. The Company has two of its owned vessels supporting operations offshore India, and two owned and three managed vessels operating offshore West Africa. The Company also completed a multi-vessel, term contract in the Mediterranean. The operations of these vessels are managed through offices in the North Sea region.
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HRZ [http://www.horizonlines.com/]
Horizon Lines, Inc. is a container shipping and integrated logistics company. The Company’s subsidiaries include Horizon Lines, LLC (Horizon Lines), Horizon Logistics Holdings, LLC (Horizon Logistics) and Horizon Lines of Puerto Rico, Inc. (HLPR). The Company owns or leases 21 vessels, 16 of which are qualified Jones Act vessels, and approximately 20,800 cargo containers. The Company also provides shipping and logistics services in its markets. The Company ships a spectrum of consumer and industrial items ranging from foodstuffs (refrigerated and non-refrigerated) to household goods and auto parts to building materials and various materials used in manufacturing. The Company’s services include two principal businesses: Horizon Lines and Horizon Logistics. Horizon Lines operates as a container shipping business with primary service to ports within the continental United States, Puerto Rico, Alaska, Hawaii and Guam. Horizon Lines also offers terminal services. Horizon Logistics provides integrated logistics service offerings, including rail, trucking and distribution operations.
Horizon Lines, Inc. has access to terminal facilities in each of its ports, operating its terminals in Alaska, Hawaii, and Puerto Rico. It also contracts for terminal services in its five ports in the continental United States and in the ports in Guam, Hong Kong, Yantian and Taiwan. The Company’s customers include Costco Wholesale Corporation, Johnson & Johnson, Lowe’s Companies, Inc., Safeway, Inc., Toyota Motor Corporation and Wal-Mart Stores, Inc. It also serves several agencies of the United States government, including the Department of Defense and the United States Postal Service.
Horizon Logistics offers inland transportation through its own trucking operations on the United States west coast and Alaska, and it also offers integrated logistics services through relationships with third-party truckers, railroads, and barge operators in its markets. Horizon Logistics service offerings include warehouse and distribution, consisting of centralized storage and other distribution services, including pick and pack; trucking, offering less-than-truckload and full-truck-load services utilizing both company-owned trucks and a nationwide network of vans, flatbeds and drop-deck trailers; expedited logistics, consisting of expedited point-to-point service for customers with time sensitive delivery requirements; rail, providing an alternative for less time sensitive delivery requirements, and non-vessel operating common carrier, offering small-to-medium-sized shippers a single source solution for ocean shipping worldwide.
During the fiscal year ended December 21, 2008, Horizon Logistics opened a new warehouse and cross-dock in Compton, California to offer integrated inbound and export logistics services to manufacturers and retailers. Horizon Logistics is using the facility to offer an integrated distribution solution, including a port drayage service using company-owned clean truck and transportation worker identification credential (TWIC) compliant fleet; air freight forwarding; rapid transload for international import and export logistics; intermodal transportation management; distribution services, and long-term storage as required by customers.
The Company books and monitors all of its shipping and logistics services with its customers through the Horizon Information Technology System (HITS), which provides a platform to accomplish a shipping transaction from start to finish. HITS provides an extensive database of information relevant to the shipment of containerized cargo and captures all critical aspects of every shipment booked with the Company. In a typical transaction, customers go online to make a booking or call, fax or e-mail its customer service department. Once applicable shipping information is input into the booking system, a booking number is generated. The booking information then downloads into other systems used by the Company’s dispatch team, terminal personnel, vessel planners, documentation team, logistics team and other teams and personnel who work together to produce a seamless transaction for its customers.
The Company’s dispatch team coordinates truck and/or rail shipping from inland locations to the port on intermodal bookings. It purchases rail services directly from the railroads involved through confidential transportation service contracts. The Company’s terminal personnel schedule equipment availability for containers picked up at the port. Its vessel planners develop stowage plans and the documentation teams process the cargo bill. It reviews space availability and informs the other teams and personnel when additional bookings are needed and when bookings need to be changed or pushed to the next vessel. After the containers arrive at the port of loading, they are loaded on board the vessel. Once the containers are loaded and are at sea, the destination terminal staff initiates their process of receiving and releasing containers to its customers. Customers accessing HITS through Internet portal have the option to receive e-mail alerts as specific events take place throughout the process. All of the customers have the option to call the customer service department or to access HITS via the Internet portal, 24 hours a day, seven days a week, to track and trace shipments. Customers may also view their payment histories and make payments online.
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ISH [http://www.intship.com/]
International Shipholding Corporation, through its subsidiaries, operates a diversified fleet of United States and International flag vessels that provide international and domestic maritime transportation services to commercial and governmental customers primarily under medium to long-term time charters or Contracts of Affreightment (COA). At February 28, 2009, it owned or operated 31 ocean-going vessels. It has four operating segments, Time Charter Contracts, COA, Rail-Ferry Service, and Other The Company’s fleet are deployed by its principal operating subsidiaries, Central Gulf Lines, Inc. (Central Gulf), LCI Shipholdings, Inc. (LCI), Waterman Steamship Corporation (Waterman), CG Railway, Inc. (CG Railway), Enterprise Ship Company, Inc. (ESC), and East Gulf Shipholding, Inc. (EGS). Other subsidiaries provide ship charter brokerage, agency and other specialized services.
The Company’s operating fleet of 31 ocean-going vessels consists of six United States flag Pure Car/Truck Carriers (PCTCs) specifically designed to transport fully assembled automobiles, trucks and larger vehicles; four International flag PCTCs with the capability of transporting heavyweight and large dimension trucks and buses, as well as automobiles and one Pure Car/Truck Carrier Newbuilding; two Multi-Purpose vessels, one Container vessel and one Tanker vessel, which are used to transport supplies for the Indonesian operations of a mining company; one United States flag Molten Sulphur vessel, which is used to carry molten sulphur from Louisiana and Texas to a processing plant on the Florida Gulf Coast; two Special Purpose vessels modified as Roll-On/Roll-Off vessels (RO/ROs) to transport loaded rail cars between the United States Gulf and Mexico; one United States. flag conveyor belt-equipped self-unloading Coal Carrier, which carries coal in the coastwise and near-sea trade; three RO/RO vessels that permit rapid deployment of rolling stock, munitions, and other military cargoes requiring special handling; two United States flag and two International flag container ships which began operating on time charters, during the year ended December 31, 2008 and two Capesize Bulk Carriers, one Panamax Bulk Carriers and two Handymax Bulk Carriers Newbuildings, in which it owns a 50% interest of each. It owns 13 of these 31 vessels.
Time Charter Contracts
Time Charters are contracts, by which the charterer obtains the right for a specified time period to direct the movements and utilization of the vessel in exchange for payment of a specified daily rate, but it retains operating control over the vessel. The Company’s Time Charter Contracts include charters of three RO/RO vessels to the United States Navy’s Military Sealift Command (MSC) for varying terms. Other vessels operating in this segment are its ten PCTCs; a conveyor belt-equipped, self-unloading Coal Carrier under contract with an electric utility; two Multi-Purpose vessels, one Tanker, one Container vessel providing transportation services to a mining company at its mine in Papua, Indonesia, and two United States flag and two International flag container ships, which began operating on time charters in 2008.
Contracts of Affreightment
COAs are contracts, by which it undertakes to provide space on its vessels for the carriage of specified goods or a specified quantity of goods on a single voyage or series of voyages over a given period of time between named ports or within certain geographical areas in return for the payment of an agreed amount per unit of cargo carried. The Company is responsible for all operating and voyage expenses. Its COA segment includes one contract, which is for the transportation of molten sulphur.
Rail-Ferry Service
This service uses its two Special Purpose vessels, which carry loaded rail cars between the United States Gulf and Mexico. The service provides departures every four days from Mexico and the United States Gulf Coast, respectively, for a three-day transit between ports.
Other
Several of its subsidiaries provide ship charter brokerage, agency, and other specialized services to its operating subsidiaries and, in the case of ship charter brokerage and agency services, to unaffiliated companies. The income produced by these services substantially covers the related overhead expenses. These services facilitate its operations by allowing it to avoid reliance on third parties to provide these essential shipping services.
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KEX [http://www.kirbycorp.com/]
Kirby Corporation, incorporated on January 31, 1969, is a marine transportation and diesel engine services company. The Company operates in two business segments: marine transportation and diesel engine services. The Company’s marine transportation segment is engaged in the inland transportation of petrochemicals, black oil products and agricultural chemicals by tank barges, and the offshore transportation of dry-bulk cargoes by barge. The Company’s diesel engine services segment is engaged in the overhaul and repair of diesel engines and reduction gears, and related parts sales in three markets: the marine market, providing aftermarket service for vessels powered by diesel engines utilized in the various inland and offshore marine industries; the power generation market, providing aftermarket service for diesel engines that provide standby, peak and base load power generation for users of industrial reduction gears and for generation components of the nuclear industry; and the railroad market.
On June 30, 2008, the Company completed the acquisition of Lake Charles Diesel, Inc. (Lake Charles Diesel). On July 20, 2007, the Company completed the acquisition of Saunders Engine and Equipment Company, Inc. (Saunders). On February 23, 2007, the Company completed the acquisition of P&S Diesel Services, Inc. (P&S). On March 18, 2008, the Company purchased six inland tank barges from OFS Marine One, Inc. (ORIX). On October 1, 2007, the Company purchased nine inland tank barges from Siemens Financial, Inc. (Siemens). On January 3, 2007, the Company completed the acquisition of Coastal Towing, Inc. (Coastal). On January 2, 2007, the Company completed the acquisition of 21 inland tank barges from Cypress Barge Leasing, LLC.
Marine transportation
The marine transportation segment is primarily a provider of transportation services by barge for the inland and offshore markets. As of February 27, 2009, the equipment owned or operated by the marine transportation segment consisted of 914 active inland tank barges, 234 active inland towboats, four offshore dry-cargo barges, four offshore tugboats and one offshore shifting tugboat. The 234 active inland towboats, four offshore tugboats and one offshore shifting tugboat provide the power source and the 914 active inland tank barges and four offshore dry-cargo barges provide the freight capacity.
During the year ended December 31, 2008, the Company’s marine transportation segment moved over 51 million tons of liquid cargo on the United States inland waterway system. Products transported for its customers included petrochemicals, black oil products, refined petroleum products and agricultural chemicals.
Bulk liquid petrochemicals transported include such products as benzene, styrene, methanol, acrylonitrile, xylene and caustic soda, all consumed in the production of paper, fibers and plastics. Pressurized products, including butadiene, isobutane, propylene, butane and propane, all requiring pressurized conditions to remain in stable liquid form, are transported in pressure barges. The transportation of petrochemical products represented approximately 67% of the segment’s 2008 revenues. Customers shipping these products are refining and petrochemical companies.
Black oil products transported include such products as asphalt, residual fuel oil, No. 6 fuel oil, coker feedstock, vacuum gas oil, carbon black feedstock, crude oil and ship bunkers (ship engine fuel). Such products represented approximately 18% of the segment’s 2008 revenues. Black oil customers are refining companies, marketers and end users that require the transportation of black oil products between refineries and storage terminals. Ship bunkers customers are oil companies and oil traders in the bunkering business.
Refined petroleum products transported include the various blends of finished gasoline, jet fuel, No. 2 oil, naphtha, heating oil and diesel fuel, and represented approximately 10% of the segment’s 2008 revenues. Customers are oil and refining companies and marketers.
Agricultural chemicals transported represented approximately 5% of the segment’s 2008 revenues. They include anhydrous ammonia and nitrogen-based liquid fertilizer, as well as industrial ammonia. Agricultural chemical customers consist mainly of domestic and foreign producers of such products.
The segment’s inland operations are conducted through a wholly owned subsidiary, Kirby Inland Marine, LP (Kirby Inland Marine). Kirby Inland Marine’s operations consist of the Canal, Linehaul and River fleets, as well as barge fleeting services. The Canal fleet transports petrochemical feedstocks, processed chemicals, pressurized products, black oil products and refined petroleum products along the Gulf Intracoastal Waterway, the Mississippi River below Baton Rouge, Louisiana, and the Houston Ship Channel. Petrochemical feedstocks and certain pressurized products are transported from one refinery to another refinery for further processing. Processed chemicals and certain pressurized products are moved to waterfront terminals and chemical plants. Certain black oil products are transported to waterfront terminals and products, such as No. 6 fuel oil are transported directly to the end users. Refined petroleum products are transported to waterfront terminals along the Gulf Intracoastal Waterway for distribution.
The Linehaul fleet transports petrochemical feedstocks, processed chemicals, agricultural chemicals and lube oils along the Gulf Intracoastal Waterway, Mississippi River and the Illinois and Ohio Rivers. Loaded tank barges are staged in the Baton Rouge area from Gulf Coast refineries and petrochemical plants, and are transported from Baton Rouge to waterfront terminals and plants on the Mississippi, Illinois and Ohio Rivers, and along the Gulf Intracoastal Waterway, on regularly scheduled linehaul tows. Barges are dropped off and picked up going up and down river.
The River fleet transports petrochemical feedstocks, processed chemicals, refined petroleum products, agricultural chemicals and black oil products along the Mississippi River System above Baton Rouge. Petrochemical feedstocks and processed chemicals are transported to waterfront petrochemical and chemical plants, while black oil products, refined petroleum products and agricultural chemicals are transported to waterfront terminals. The River fleet operates unit tows, where a towboat and a group of barges operate on consecutive voyages between loading and discharge points.
The transportation of petrochemical feedstocks, processed chemicals and pressurized products is generally consistent throughout the year. Transportation of refined petroleum products, certain black oil products and agricultural chemicals is generally more seasonal. Movements of black oil products, such as asphalt, generally increase in the spring through fall months. Movements of refined petroleum products, such as gasoline blends, generally increase during the summer driving season, while heating oil movements generally increase during the winter months. Movements of agricultural chemicals generally increase during the spring and fall planting seasons.
The marine transportation segment moves and handles a broad range of sophisticated cargoes. To meet the specific requirements of the cargoes transported, the tank barges may be equipped with self-contained heating systems, high-capacity pumps, pressurized tanks, refrigeration units, stainless steel tanks, aluminum tanks or specialty coated tanks. Of the 914 active tank barges currently operated, 716 are petrochemical and refined products barges, 118 are black oil barges, 65 are pressure barges, 10 are refrigerated anhydrous ammonia barges and five are specialty barges. Of the 914 active tank barges, 868 are owned by the Company and 46 are leased.
The fleet of 234 active inland towboats ranges from 600 to 6100 horsepower. Of the 234 active inland towboats, 172 are owned by the Company and 62 are chartered. Towboats in the 600 to 1900 horsepower classes provide power for barges used by the Canal and Linehaul fleets on the Gulf Intracoastal Waterway and the Houston Ship Channel. Towboats in the 1400 to 6000 horsepower classes provide power for both the River and Linehaul fleets on the Gulf Intracoastal Waterway and the Mississippi River System. Towboats above 3600 horsepower are typically used on the Mississippi River System to move River fleet unit tows and provide Linehaul fleet towing. Based on the capabilities of the individual towboats used in the Mississippi River System, the tows range in size from 10,000 to 30,000 tons.
Kirby Inland Marine operates the commercial tank barge fleeting service (temporary barge storage facilities) in numerous ports, including Houston, Corpus Christi and Freeport, Texas, and in numerous ports on the Mississippi River, including Baton Rouge and New Orleans, Louisiana. Kirby Inland Marine provides service for its own barges, as well as outside customers, transferring barges within the areas noted, as well as fleeting barges.
Kirby Logistics Management Division (KLM) provides shore tankering services for barge transfers, marine dock operations, railroad tank car and tank truck loading and unloading, tank farm operations, and other ancillary functions, including railroad switching operations. KLM services the Company and third parties. KLM serves three regional areas; the Gulf Coast region (Brownsville, Texas, to Pensacola, Florida); the Mississippi River region (Baton Rouge, Louisiana, to Memphis, Tennessee); and the Ohio Valley region (Paducah, Kentucky, to Pittsburgh, Pennsylvania). During 2008, approximately 130 KLM tankermen conducted more than 26,000 barge transfers and provided more than 127 operators for in-plant services for petrochemical companies, refineries and terminal operators.
The segment’s offshore operations are conducted through a wholly owned subsidiary, Dixie Offshore Transportation Company (Dixie Offshore). Dixie Offshore owns and operates a fleet of four ocean-going dry-bulk barges, four ocean-going tugboats and one offshore shifting tugboat.
Diesel engine services
The Company is engaged in the overhaul and repair of medium-speed and high-speed diesel engines and reduction gears, and related parts sales through Kirby Engine Systems, Inc. (Kirby Engine Systems), a wholly owned subsidiary of the Company, and its three wholly owned operating subsidiaries, Marine Systems, Inc. (Marine Systems), Engine Systems, Inc. (Engine Systems) and Rail Systems, Inc. (Rail Systems). Through these three operating subsidiaries, the Company sells original equipment manufacturers (OEM) replacement parts, provides service mechanics to overhaul and repair engines and reduction gears, and maintains facilities to rebuild component parts or entire engines and entire reduction gears.
The Company serves the marine market and standby power generation market throughout the United States and parts of the Caribbean, the shortline, industrial, Class II and certain transit railroad markets throughout the United States, components of the nuclear industry globally and to a lesser extent other industrial markets, such as cement, paper and mining in the Midwest. The diesel engine services segment also provides service to the Company’s marine transportation segment, which accounted for approximately 3% of the diesel engine services segment’s 2008.
The Company is engaged in the overhaul and repair of medium-speed and high-speed diesel engines and reduction gears, line boring, block welding services and related parts sales for customers in the marine industry. Medium-speed diesel engines have an engine speed of 400 to 1,000 revolutions per minute (RPM) with a horsepower range of 800 to 32,000. High-speed diesel engines have an engine speed of over 1,000 RPM and a horsepower range of 50 to 8,375. The Company services medium-speed and high-speed diesel engines utilized in the inland and offshore barge industries. It also services marine equipment and offshore drilling equipment used in the offshore petroleum exploration and oil service industry, marine equipment used in the offshore commercial fishing industry and vessels owned by the United States government.
The Company is engaged in the overhaul and repair of diesel engines and reduction gears, line boring, block welding service and related parts sales for power generation customers. The Company is also engaged in the sale and distribution of parts for diesel engines and governors to the nuclear industry. The Company service users of diesel engines that provide standby, peak and base load power generation, as well as users of industrial reduction gears, such as the cement, paper and mining industries.
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Indici spumeggianti, settore fiacco, quasi in controtendenza.
Ci vuole mooooolta pazienza ...;)
 
stando al grafico quindi dai 7.30 dovrebbe ritornare in verso i 5.3 ??

sando alle ciusure di ieri siamo sulla ..buona strada...

seguendo AT sembrerebbe di si....io comincio ad incrementare in area 5.50:cool:(parte inferiore della bollinger)

poi vediamo come si comporta....se tiene il canale discendente che ad oggi ha avuto una regolarità incredibile:o:specchio:
.
 

Allegati

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HOS [http://www.hornbeckoffshore.com/]
Hornbeck Offshore Services, Inc., incorporated in 1997, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico and select international markets. The Company, through its subsidiaries, also operates ocean-going tugs and tank barges that provide transportation of petroleum products, primarily in the northeastern United States, Gulf of Mexico and Puerto Rico. The Company owns a 49% interest in Hornbeck Offshore Trinidad & Tobago Limited (HOTT-Ltd). HOTT-Ltd is a vessel crewing and management services company established to support the Company’s Trinidad & Tobago-based operations. The Company operates in two segments: Upstream and Downstream.
Upstream
OSVs primarily serve exploratory and developmental drilling rigs and production facilities and support offshore and subsea construction, installation, maintenance, repair and decommissioning activities. OSVs differ from other ships primarily due to their cargo carrying flexibility and capacity. In addition to transporting deck cargo, such as pipe or drummed material and equipment, OSVs also transport liquid mud, potable and drilling water, diesel fuel, dry bulk cement and personnel between shore bases and offshore rigs and production facilities.
The Company owns and operates a fleet of 42 new generation OSVs. Its new generation OSV fleet comprise an array of vessel classes with varying sizes and capabilities. Through a series of newbuild construction programs and multiple acquisitions, the Company, as of December 31, 2008, had a total of 10 distinct new generation OSV vessel class designs particularly suited for its customers’ needs. Its fourth OSV newbuild program consists of vessel construction contracts with three domestic shipyards that will add an additional six 240 ED class OSVs, nine 250 EDF class OSVs and one 290 class OSV, respectively, to its Upstream fleet by the end of 2010. Its newest design, the 250 EDF class, is based on its 240 ED design modified to lengthen the vessel and expand the propulsion package.
MPSVs also support the offshore exploration and production activities of the energy industry. MPSVs are distinguished from OSVs in that they are significantly larger and more specialized vessels that are principally used to support complex deepwater subsea construction, installation, maintenance, repair, decommissioning and other sophisticated operations. These vessels are equipped with a variety of lifting and deployment systems, including large capacity cranes, winches or reel systems. MPSVs also support remotely operated vehicles (ROV) operations, diving activities, well intervention, including live well intervention, platform decommissioning and other complex construction operations.
In January 2008, the Company purchased a leasehold interest in an additional parcel of improved real estate adjacent to HOS Port. The new facility lease has six years remaining on its initial term, with four additional five-year renewal periods. The combined acreage of the two adjoining properties is approximately 60 acres, more than double the previous size of HOS Port. The new facility lease, formerly known as the Rowan Base, increased the Company’s shore-base lifting capacity by two cranes, and extended its waterfront bulkhead by over 1,000 additional linear feet to a total of nearly 3,000 linear feet.
Downstream
The Company offers marine transportation, distribution and logistics services primarily in the northeastern United States, the Gulf of Mexico, Great Lakes and Puerto Rico, with its operating fleet mix of nine double-hulled tank barges, 11 single-hulled tank barges and 17 ocean-going tugs. The Company provides its services to major integrated oil companies, independent refineries and oil traders. Generally, a tug and tank barge work together as a tow to transport refined or bunker grade petroleum products. Its tank barges carry petroleum products that are typically characterized as either clean or dirty. Clean products are primarily gasoline, home heating oil, diesel fuel and jet fuel. Dirty products are mainly crude oils, residual crudes and feedstocks, heavy fuel oils and asphalts. The Company has taken delivery of eight new double-hulled tank barges and eight retrofitted tugs under a series of Downstream newbuild programs. These tank barges added 780,000 barrels of new double-hulled barge capacity and increased its tug brake horsepower to an average of approximately 3,900 per tug, up from an average of approximately 3,100 per tug.
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KSP [http://www.k-sea.com/]
K-Sea Transportation Partners L.P. is a provider of marine transportation, distribution and logistics services for refined petroleum products in the United States. As of September 1, 2009, the Company operated a fleet of 69 tank barges and 66 tugboats that serves a range of customers, including major oil companies, oil traders and refiners. During the fiscal year ended June 30, 2009 (fiscal 2009), its fleet transported approximately 150 million barrels of refined petroleum products for its customers, including BP, ConocoPhillips, ExxonMobil and Tesoro. During fiscal 2009, the Company derived approximately 80% of its revenue from longer-term contracts that are generally for periods of one year or more. As of September 1, 2009, approximately 83% of its barrel-carrying capacity was double-hulled. As of September 1, 2009, all of its tank vessels, except two, operated under the United States flag, and all but three were qualified to transport cargo between United States ports under the Jones Act.
The Company’s business activities are conducted through its subsidiary, K-Sea Operating Partnership L.P., a partnership which it refers to as the operating partnership, and the subsidiaries of the operating partnership. Its general partner, K-Sea General Partner L.P., is a partnership whose general partner is K-Sea General Partner GP LLC. K-Sea General Partner GP LLC has ultimate responsibility for managing the Company’s business.
K-Sea Transportation Partners L.P. provides bunkering services in Virginia and Hawaii. The majority of its bunker delivery tank vessels are equipped with advanced, whole-load sampling devices to provide the supplier and receiver a representative sample. Its bunker delivery tank barges are also equipped with extended booms for hose handling ease alongside ships, remote pump engine shut-offs, spill rails, spill containment equipment and supplies, very high frequency (VHF) and ultra high frequency (UHF) radio communication and fendering. The Company provides marine transportation services primarily to oil companies, oil traders and refiners in the East, West and Gulf Coast regions of the United States, including Alaska and Hawaii. As of September 1, 2009, K-Sea Transportation Partners L.P. operated 24 integrated tug-barge unit (ITBs), which represented approximately 46% of the barrel-carrying capacity of its tank barge fleet.
The Company competes with the Colonial Pipeline system and the Plantation Pipe Line system.
http://www.reuters.com/finance/stocks/ratios?symbol=KSP
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NAT [http://www.nat.bm/]
Nordic American Tanker Shipping Limited is an international tanker company that owns double-hull Suezmax tankers averaging approximately 155,000 deadweight tons (dwt) each. It owns and operates crude oil tankers. As of December 31, 2008, the Company owned 15 double hull Suezmax tankers, including one vessel delivered in February 2009 and two new buildings. The Company’s fleet includes Gulf Scandic, Nordic Hawk, Nordic Hunter, Nordic Voyager, Nordic Freedom, Nordic Fighter, Nordic Discovery, Nordic Sprite, Nordic Saturn, Nordic Jupiter, Nordic Cosmos, Nordic Moon, Nordic Apollo, Nordic Galaxy and Nordic Vega.
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ONAV [http://www.omeganavigation.com/]
Omega Navigation Enterprises, Inc. (Omega), incorporated on February 28, 2005, is a holding company. The Company owns and operates a fleet of six double hull Panamax (LR1) product tankers and two Ice Class 1A double hull Handysize (MR1) product tankers. The Company also participates in a 50% controlled joint venture, which owns and operates a double hull Handymax (MR2) product tanker that was delivered in April 2009. It generates revenues by employing the vessels in its fleet on long-term time charters with durations of approximately three years from the commencement of the charter. For the eight wholly owned vessels in its fleet, the Company provides the commercial management in-house through a wholly owned subsidiary, and has entered into technical management agreements for its vessels with unaffiliated third parties. For the vessel owned by the 50% controlled joint venture, it provides the technical management of the vessel.
As of December 31, 2008, Omega’s fleet had a combined cargo-carrying capacity of 512,358 deadweight (dwt) and an average age of approximately 2.9 years. The Company has also entered into agreements with the Hyundai Mipo Dockyard in South Korea for the construction of five additional Handymax (MR1) product tankers. The Company’s product tankers are designed to transport several different refined petroleum products simultaneously in segregated, coated cargo tanks. These cargoes typically include gasoline, jet fuel, kerosene, naphtha, gas oil and heating oil. Ice class product tankers are constructed in compliance with Finnish-Swedish Ice Class Rules, with strengthened hulls, a sufficient level of propulsive power for transit through ice-covered routes and specialized machinery and equipment for cold climates.
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OSP [http://www.osgamerica.com/]
OSG America L.P. (OSP) is an operator of United States flag product carriers and barges transporting refined petroleum products. The Company’s fleet of product carriers and barges consists of 12 product carriers, eight articulated tug barges (ATBs) and one conventional tug-barge unit (CTB), with an aggregate carrying capacity of approximately six million barrels. The Company also has one product carrier that is held for sale at December 31, 2008, and not part of its operating fleet. Alaska Tanker Company, LLC (ATC), a joint venture in which it has a 37.5% ownership interest, transports crude oil from Alaska to the continental United States using a fleet of four crude-oil tankers with an aggregate carrying capacity of 5.5 million barrels. Overseas Shipholding Group, Inc. (OSG) owns a 77.1% interest in OSP, including a 2% interest through its general partner, which OSG owns and controls.
The majority of OSP’s vessels transport refined petroleum products in the United States coastwise trade over three major trade routes, including refineries located on the Gulf Coast to Florida, Atlantic Coast and the West Coast; from refineries located on the West Coast to Southern California and Oregon, and from refineries located on the East Coast to New England. It also provides lightering services on the East Coast by transporting crude oil from crude-oil tankers to refineries in the Delaware River Basin. During the year ended December 31, 2008, over 95% of the Company’s revenues were from fixed-rate contracts, which include time charters, contracts of affreightment (COA), and consecutive voyage charters (CVC). Its contracts have an average of two years before they expire. Time charters on the three newbuild product carriers that will be delivered to the Company between 2009 and early 2010 have an average term of three years. As of December 31, 2007, the Company operated 19 of its 21 operating vessels in the United States coastwise trade in accordance with the Merchant Marine Act of 1920 (the Jones Act).
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PACC.PK [http://www.pacificcma.com/]
Pacific CMA, Inc. is a global, non-asset based logistics/freight forwarder providing supply chain logistics services. The Company coordinates the shipping and the storage of raw materials, supplies, components and finished goods by air, sea, river, rail and road. Most of its revenue is derived from airfreight and ocean freight forwarding services for, which it is paid on a transactional basis. As of December 31, 2006, Pacific CMA maintained approximately 229 cargo agents located in 97 countries and 221 cities serving major gateways worldwide. The Company’s business was formed from a base of two freight forwarders, AGI Logistics (HK) Ltd. and Airgate International Corp. (Airgate). Pacific CMA focuses primarily on large shipments of equipment or materials weighing over 100 kilograms. It does not own or operate any aircraft, ships, river barges or railroads, instead using commercial freight air carriers, ships, river barges and railroads to provide the transportation services for freight forwarding.
The Company's wholly owned subsidiary, AGI Logistics (HK) Ltd. (AGI), operates an integrated logistics and freight forwarding business, which is based in Hong Kong. The principal services are provided by AGI and its own subsidiaries and its associated companies. At December 31, 2006, AGI’s wholly-owned subsidiaries included Careship International Transportation Limited, Pacific CMA Limited and WCL Global Logistics Limited (WCL), where the Company acquired the balance of 49% of the outstanding stock on February 28, 2006. Pacific CMA’s majority owned subsidiaries included AIO Global Logistics Limited (62%) and SDA Forwarding Co. Limited (51%).
Air Freight Operations
The Company derives its income from air and sea import freight forwarding services in the form of commissions received from overseas agents and handling and delivery charges from customers. The mode of transportation for a particular shipment depends on contents, route, scheduled departures, available cargo capacity and cost. Sea freight is generally in full container loads, but it also consolidates containers with smaller consignments and builds container loads to gateways across the world.
Import Freight Forwarding
Import freight cargo includes leather, fabrics, watch components and chemical products. Pacific CMA handles a number of shipments imported into the United States mainly through New York, Los Angeles and Chicago and Hong Kong mainly received from China. An import freight forwarding transaction usually commences when it receives a shipment advice from a customer, overseas agent or shipping agent detailing the quantity and nature of cargo to be shipped and the expected date of arrival. Pacific CMA notify the consignee of the cargo of the relevant details and, depending on the consignee's instructions, arrange for customs brokerage and clearance and, if required, provide other services, such as temporary storage, local delivery and distribution. In the United States, Hong Kong and China, the Company is able to provide local delivery of cargo by either using its own fleet of trucks or engaging subcontractors to provide the services. The Company derives its income from air and sea import freight forwarding services in the form of commissions received from overseas agents and handling and delivery charges from customers.
The Company [153-04 Rockaway Blvd. - Jamaica, NY - 11434 - United States] competes with EGL, Inc. UTi, Rical, Speedmark, Danzas, and Expeditors.
http://www.reuters.com/finance/stocks/ratios?symbol=PACC.PK
http://www.otcbb.com/asp/quote_module.asp?qm_page=1216&symbol=PACC

RCL [http://www.royalcaribbean.com/]
Royal Caribbean Cruises Ltd. (Royal Caribbean), incorporated on July 23, 1985, is a cruise company operating 38 ships in the cruise vacation industry with approximately 78,650 berths as of December 31, 2008. The Company owns five cruise brands, Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Cruises, and CDF Croisieres de France. In addition, it has a 50% investment in a joint venture with TUI AG which operates the brand TUI Cruises. Its cruise brands primarily serve the contemporary, premium and deluxe segments of the cruise vacation industry, which also includes the budget and luxury segments. The ships operate on a selection of worldwide itineraries that call on approximately 425 destinations. Royal Caribbean’s ships operate worldwide and have itineraries that call on destinations in Alaska, Asia, Australia, the Bahamas, Bermuda, California, Canada, the Caribbean, Europe, the Galapagos Islands, Hawaii, Mexico, New England, New Zealand, the Panama Canal and South America.
Royal Caribbean International
The Royal Caribbean International serves the contemporary segment of the cruise vacation industry. The contemporary segment is served by cruises that are generally seven nights or shorter and feature a casual ambiance. The premium segment is served by cruises that are generally seven to 14 nights and appeal to the more experienced guest who is usually more affluent. Royal Caribbean International operates 20 ships with approximately 51,200 berths, offering cruise itineraries that range from two to 18 nights. Royal Caribbean International offers a variety of itineraries to destinations worldwide, including Alaska, Asia, Australia, Bermuda, Canada, the Caribbean, Europe, Hawaii, Latin America and New Zealand.
Royal Caribbean International offers a range of onboard services, amenities and activities. It has introduced many product innovations, such as ice skating rinks, rock climbing walls, surf simulators, bungee jumping trampolines, an interactive waterpark called the H2O Zone, and Royal Promenades which are boulevards with shopping, dining and entertainment venues. Additionally, Royal Caribbean International offers a variety of shore excursions at each port of call.
Celebrity Cruises primarily serves the premium segment of the cruise vacation industry (nine ships). Pullmantur serves the contemporary segment of the Spanish and Latin American cruise markets (six ships). Azamara Cruises is designed to serve the deluxe cruise segment between the premium and luxury segments of the North American cruise markets, along with the United Kingdom and German markets (two ships). CDF Croisieres de France is designed to serve the contemporary segment of the French cruise market and increases its global presence by providing it with a brand custom-tailored for French cruise guests. In April 2008, Holiday Dream, a 750-berth ship, was redeployed from Pullmantur to CDF Croisieres de France and is sailing under the name Bleu de France as the brand’s only ship. Before redeployment to CDF Croisieres de France, Bleu de France underwent renovations to customize the ship for French guests.
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RLOG [http://www.randlogisticsinc.com/]
Rand Logistics, Inc. incorporated on June 2, 2004, is a shipping company engaged in the operation of bulk carriers on the Great Lakes. The Company, through its wholly owned subsidiary, LL Acquisition Corp. the Company provides bulk freight shipping services throughout the Great Lakes region. Rand's shipping business is operated in Canada by Lower Lakes Towing and in the United States by Lower Lakes Transportation. Lower Lakes is a full-service shipping company with a fleet of 13 cargo-carrying vessels. It offers domestic services to both Canadian and United States customers, as well as cross border routes. Lower Lakes services the construction, electric utility and integrated steel industries through the transportation of limestone, coal, iron ore, salt, grain and other dry bulk commodities. Lower Lakes' fleet consists of five self-unloading bulk carriers in Canada and seven self-unloading bulk carriers in the United States, including an integrated tug and barge unit. Lower Lakes Towing owns each of the Canadian vessels. Lower Lakes Transportation time charters four vessels in the United States from Grand River, which owns such United States flagged vessels, including the tug, and charters three vessels and the barge from third parties under charter arrangements.
Lower Lakes provides River Class bulk freight shipping services throughout the Great Lakes, and operates boom-forward equipped vessels in this category. Boom forward self-unloading vessels are those vessels, which with their booms located in front of the cargo holds, offer accessibility for delivery of cargo to locations where only forward access is possible. Six of the vessels used in Lower Lakes' operations are boom-forward self unloaders and four vessels are boom-aft self unloaders. River Class vessels with dimensions of approximately 650 feet in length and 72 feet in beam and carrying capacities of 15,000 to 20,000 tons are suitable for customers seeking to move significant quantities of dry bulk product to ports that restrict non-River Class vessels due to size and capacity constraints. Lower Lakes services approximately 50 customers in an array of end markets by shipping dry bulk commodities, such as construction aggregates, coal, grain, iron ore and salt. Many of Lower Lakes' customers are under long-term contracts, which typically average 3 to 5 years in duration.
The Company competes with Seaway Marine Transport and American Steamship Company.
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24 novembre 2009
CRISI FINANZIARIA
HSH NORDBANK,
CONTI IN ROSSO
Nei primi nove mesi del 2009, Hsh Nordbank ha registrato una perdita di 715 milioni di euro contro i 183 milioni di utile dello stesso periodo del 2008, a causa delle perdite della divisione shipping. Le difficoltà dello shipping ricadono sui bilanci delle banche che hanno investito nel settore.

E c’è chi teme che un tracollo delle compagnie marittime o di alcune di esse, rischio paventato più volte nei mesi scorsi dai vertici di Ap Moeller Maersk, possa avere sul sistema creditizio un effetto analogo a quello avuto dall’insolvenza dei mutui sub-prime all’inizio della crisi globale. Gli interventi pubblici a favore di alcune compagnie di linea per il trasporto container hanno allontanato questo rischio, provocando anzi qualche rimostranza da parte delle compagnie concorrenti. Anche Nordbank è una banca a capitale pubblico, con radici regionali nel land Schleswig-Holstein e nella città stato di Amburgo. Si tratta della banca che a livello internazionale è più impegnata con lo shipping, sia come prestiti sia come investimenti diretti. Hsh Nordbank è ad esempio uno dei membri del consorzio Albert Ballin, che detiene la maggioranza delle quote della compagnia Hapag-Lloyd.Nei primi nove mesi del 2009 il bilancio ha risentito delle minori entrate della divisione shipping, e questo ha costretto la banca a raddoppiare il fondo per la svalutazione dei crediti, un accantonamento che permette alle banche di garantirsi da possibili crisi di insolvenza debitori. Il fondo è stato portato a 959 milioni di euro. Questa decisione ha provocato lo slittamento del bilancio verso il rosso. Alla fine dei nove mesi mancavano 715 milioni di euro, una cifra che ha sorpreso lo stesso consiglio di amministrazione della banca. All’inizio dell’anno questa aveva previsto perdite per circa l’1% dell’esposizione finanziaria. Siccome i prestiti concessi dalla banca alle imprese dello shipping sono complessivamente di 31 miliardi di euro, si stimava che la cifra segnata in rosso sarebbe stata di circa 300 milioni.

I vertici della banca manifestano ottimismo. «Nonostante l’aumento del fondo per la svalutazione dei crediti dello shipping - ha detto Harald Kuznik, direttore della divisione shipping - dovuto alle condizioni di mercato, alla fine del 2009 noi registreremo solamente perdite di crediti marginali. La nostra esperienza decennale ci permette di gestire i rischi e attraversare alla nostra maniera questa fase del ciclo economico del settore». Hash Nordbank è convinta che il mercato dello shipping abbia toccato il fondo e sia destinato a risalire. In aprticolare sono rinfuse solide e petroliere a mostrare segnali di recupero dal terzo trimestre di quest’anno. «Per contro, la psedizione di container, che dipende dalle spese dei consumatori, è rimasta volatile. Qui la stabilizzazione della domanda non ha ancora portato a un significativo rialzo delle tariffe di nolo e del valore delle navi, perché la consistenza numerica delle flotte ha continuato a crescere nello stesso periodo». Il consorzio Albert Ballin, di cui fa parte la banca di Amburgo e che detiene il 56% di Hapag Lloyd, ha recentemente ottenuto una garanzia di 1,2 miliardi di euro da parte del governo tedesco, in seguito all’impegno di intervenire da parte dei soci della compagnia. Una parte del prestito verrà coperta proprio da Nordbank. Altre banche esposte verso lo shipping sono Commerzbank (25 miliardi di euro di crediti), Rbs (16,7 miliardi) e Lloyds Tsb (16 miliardi).
 
Martedì, 24 novembre 2009
La manifestazione più recente del Bulk Dry Index, che ha visto l'indice il record 2009 ha spinto nave di massa più asciutto proprietari a rinnovare il loro interesse per l'acquisto della nave di seconda mano, mentre alcuni sono ancora in cerca di accelerare le consegne dei loro edifici di nuova costruzione, in una inversione trend di ciò che sta accadendo in questo ultimo anno, quando i ritardi degli ordini è stata la tendenza prevalente. Secondo il report settimanale Clarkson, Panamaxes sono stati i più richiesti navi nel mercato di seconda mano. Più specificamente, i clienti di DryShips questa settimana acquistata da Cido spedizione in un en-affare in blocco la M / V FORTUNE OCEAN e M / V FORTUNE PRINCESS (76.600 dwt 2006-2007 BLT Sasebo HI) per US $ 37m e US $ 38.76m, rispettivamente, . Su un altro en-trattare in blocco, gli acquirenti ellenica hanno acquistato il M / V TORM CHARLOTTE (76,886 dwt 2005 BLT Tsuneishi) e M / V TORM ROTNA (75.971 dwt 2001 BLT Tsuneishi) a US $ 35 e US $ 29.2m rispettivamente.
Con il BDI riuscendo a rimanere al di sopra 2009-alti livelli di ieri, nonostante la sua caduta di 84 punti a 4.423, alcuni proprietari sono anche cercando di accelerare le consegne. Clarkson ha detto che "stiamo ora di iniziare a parlare di alcuni proprietari di navi a causa di consegnare entro i prossimi mesi, la richiesta dei Cantieri di portare avanti queste navi, per quanto possibile. Questo non è uno scenario che abbiamo mai pensato che avremmo visto, all'inizio dell'anno, con il volume delle commesse molto grande e il record di tassi di charter basso! Noi in genere previsto, anche fino a poche settimane fa, che le consegne di linea sarebbe ridurre rapidamente nelle prossime settimane, con i proprietari in genere, ritenendo che sia meglio avere la loro nave è una nave 2010 e quindi con un maggiore valore residuo in corso in avanti "la società di ricerca ha detto.
Un altro interessante sviluppo che fa rivivere i ricordi prima della crisi finanziaria e di conseguenza di spedizione è l'emergere delle indagini per i prezzi nuovo edificio. In base ai prezzi Clarkson stanno cominciando a stabilizzare con il sentimento generale della cantieri che ciò non dovrebbe continuare a inseguire i prezzi verso il basso, mentre il mercato del noleggio sta mostrando un certo livello di fermezza e di nuovi ordini sono conclusi a livelli relativamente stabili rispetto a tempi recenti.
Vale la pena notare che i proprietari della nave ellenica hanno investito in 145 imbarcazioni di seconda mano da inizio anno, per un importo complessivo di 2,86 miliardi dollari a seconda delle navi alleate shipbroking broker. Fuori di essi, 106 sono stati i vettori rinfuse solide, con i piedi di aggregazione di investimento a 2,06 miliardi dollari, mentre un ulteriore $ 726 milioni è stato fissato per l'acquisizione di 29 navi cisterna. Armatori ellenica sono responsabili del 17% delle acquisizioni di rinfuse secche di quest'anno e il 13% delle navi cisterna acquisizioni. Al secondo posto in termini di importo totale degli investimenti per tutti i tipi di nave venire armatori cinesi, che hanno acquistato portarinfuse più secco (181 in totale), ma solo tre navi cisterna, in tal modo i loro investimenti hanno raggiunto 2,3 miliardi dollari.
 
Star Bulk Carriers Corp., una società globale di navigazione incentrata sul trasporto di carichi secchi alla rinfusa, ha annunciato ieri la sua non certificati risultati finanziari e operativi per il terzo trimestre e periodo di nove mesi conclusosi il 30 settembre 2009. Akis Tsirigakis, Presidente e CEO di Star Bulk, ha commentato: "Siamo lieti di comunicare forti risultati operativi per il terzo trimestre del 2009, superando le aspettative. Escludendo voci non in contanti, il risultato netto del trimestre è stato di 12,4 milioni dollari o 0,20 dollari per azione e EBITDA adjusted è stato 28,3 milioni dollari. La nostra campagna di controllo dei costi ha prodotto risultati tangibili, spese generali e amministrative sono diminuite del 37%, mentre le spese di funzionamento della nave sono diminuite del 1,9 milioni dollari o del 20%, rispetto al terzo trimestre dello scorso anno. I nostri sforzi sono stati aiutati da il trasferimento in-house della gestione tecnica della nostra flotta.
"Nel corso del trimestre abbiamo ulteriormente rafforzato la stabilità finanziaria e operativa della nostra Società. Ci siamo assicurati charter nuovo tempo con i noleggiatori reputazione migliorare la qualità e la visibilità dei nostri guadagni e raggiungere una copertura del 100% Carta per la nostra flotta per il 2009, 85% per il 2010 e il 42% per 2011. dimostrano il nostro forte situazione finanziaria, dopo aver ottenuto l'autorizzazione richiesta dei nostri istituti di credito, abbiamo dichiarato un dividendo di $ 0,05 per azione ordinaria, continuando così a premiare gli azionisti con dividendi regolari.
"Con una flotta giovane e moderna, basso livello del debito, con esperienza di gestione, efficiente in-house la gestione della flotta tecnica e commerciale, la copertura charter forte e ad elevata liquidità, la nostra società è ben posizionata per una crescita continua creazione di valore per gli azionisti".
George Syllantavos, Chief Financial Officer di Star Bulk, ha commentato: "Al 30 settembre 2009, il nostro debito senior è stato 259,5 milioni dollari, mentre la nostra posizione di cassa pari a 63,3 milioni dollari, si traduce in un debito netto di circa il 25% del nostro patrimonio complessivo. Noi hanno già prepagato il nostro rata del debito prevista per dicembre 2009, riducendo in tal modo i nostri interessi passivi. nostri rimanenti rimborsi del debito principale sono circa $ 60 milioni per il 2010, 32 milioni dollari per il 2011, dopo la riduzione di circa 25 milioni dollari l'anno, mentre noi non abbiamo altri impegni di spesa in conto capitale. l'elevata copertura contratto per la nostra flotta genera flussi di cassa positivi che si prevede di potenziare ulteriormente le nostre riserve di liquidità, mentre la gestione in-house tecnici della nostra flotta genera significativi incrementi di efficienza operativa e risparmi sui costi ".
Terzo trimestre 2009 e 2008 Risultati
Per il trimestre chiuso al 30 settembre 2009, i ricavi totali ammontano a 33,6 milioni dollari rispetto ai 65,2 milioni dollari per il trimestre conclusosi il 30 settembre, principalmente a causa di più bassi tassi di charter per la maggior parte delle nostre navi imposte dal mercato 2008. La perdita operativa pari a 70,7 milioni dollari per il trimestre conclusosi il 30 settembre 2009 rispetto a un utile operativo di 37,6 milioni dollari per il trimestre conclusosi il 30 settembre 2008. Perdita netta per il terzo trimestre del 2009 ammontano a 72,9 milioni dollari o 1,19 dollari di perdita per azione calcolato su 61.049.760 numero medio ponderato di azioni, di base e diluita. L'utile netto per il terzo trimestre del 2008 pari a 35,2 milioni dollari o 0,63 dollari per azione calcolato su base 55.873.973 numero medio ponderato di azioni, 0,62 dollari per azione diluita calcolato su 56.971.504 numero medio ponderato di azioni.
L'EBITDA rettificato per il terzo trimestre del 2009 e il 2008, escludendo le voci di cui sopra è stato 28,3 milioni dollari e 34,2 milioni dollari, rispettivamente. La riconciliazione di EBITDA ed EBITDA rettificato di cassa netto fornito dai flussi di cassa da attività operative è qui di seguito indicate.
Una media di 12 e 12,1 navi erano posseduti e gestiti nel corso del terzo trimestre del 2009 e 2008, rispettivamente, a guadagnare una media Time Equivalent Carta, ( 'TCE ") Tasso al giorno di $ 29,474 e $ 45,756 al giorno, rispettivamente. Ci riferiamo a le informazioni sotto il titolo "Sintesi della Selezione dei dati" più avanti in questo comunicato stampa per ulteriori informazioni riguardanti il nostro calcolo dei tassi di TCE.
Totale spese, ad esclusione della perdita durevole di valore derivante dalla vendita della nave Star Alpha, è diminuito di circa il 16% a 24,1 milioni dollari per il periodo di tre mesi chiuso al 30 settembre 2009, rispetto a $ 28,6 milioni per il periodo di tre mesi chiuso al 30 settembre 2008 principalmente a causa a ridurre le spese di funzionamento della nave e un guadagno di $ 2,8 milioni relativi a FFA. Spese di funzionamento della nave sono stati 7,5 milioni dollari per il terzo trimestre del 2009 rispetto a 9,4 milioni dollari per lo stesso periodo dello scorso anno. La diminuzione dei costi operativi della nave è dovuta principalmente al cambiamento di gestione della metà delle nostre navi, durante il periodo di tre mesi chiuso al settembre 30, 2009. Navi gestite in-house stanno dimostrando di essere un costo sostanzialmente più efficace di navi gestite da manager di terze parti.
Quote di ammortamento è sceso a 13,7 milioni dollari per il terzo trimestre del 2009 da $ 14,0 milioni per il terzo trimestre del 2008.
Le spese generali e amministrative è diminuito di circa il 37% a 1,7 milioni dollari per il trimestre terminato il 30 settembre 2009 da 2,7 milioni dollari per il trimestre conclusosi il 30 settembre 2008, rispettivamente. Questa diminuzione è principalmente dovuta ai minori costi per compensi di stock-based.
Dividendo Dichiarazione:
Il 6 novembre 2009, la Società ha annunciato che il suo consiglio di amministrazione ha dichiarato un dividendo cash di 0,05 dollari per azione in circolazione delle azioni ordinarie della Società per i tre mesi conclusisi a settembre 30, 2009. Il dividendo sarà in pagamento a circa 4,2009 a dicembre azionisti di record del 27 novembre 2009. La Società ha ricevuto l'autorizzazione scritta da ciascuno dei suoi finanziatori per la dichiarazione e il pagamento di tale dividendo per il terzo trimestre del 2009, come richiesto ai sensi degli accordi della Società rinuncia con la sua finanziatori, in vigore fino al febbraio 2010.
Periodo di nove mesi chiuso al 30 settembre 2009 e il 2008 Risultati
Per il periodo di nove mesi conclusosi il 30 settembre 2009, i ricavi totali ammontano a 111,1 milioni dollari rispetto ai 166,1 milioni dollari per il periodo di nove mesi conclusosi il 30 settembre 2008. Questa diminuzione è dovuta principalmente a tassi più bassi guadagnati charter per la maggior parte delle nostre navi nel corso del 2009. La perdita operativa pari a 46,5 milioni dollari per il periodo di nove mesi chiuso al 30 settembre 2009 rispetto a un utile operativo di 88,5 milioni dollari per il periodo di nove mesi conclusosi il 30 settembre 2008. Perdita netta per il periodo di nove mesi chiuso al 30 settembre 2009 ammontava a 53,9 milioni dollari che rappresentano 0,89 dollari di perdita per azione base e diluita calcolato su 60.813.996 numero medio ponderato di azioni. L'utile netto per il periodo di nove mesi chiuso al 30 settembre 2008 ammontava a 83,5 milioni dollari o 1,63 dollari per azione calcolato su base 51.201.845 numero medio ponderato delle azioni, e di 1,54 dollari per azione diluita calcolato su 54.200.802 numero medio ponderato di azioni.
L'EBITDA rettificato per il periodo di nove mesi chiuso al 30 settembre 2009 e il 2008, escludendo tutti gli elementi di cui sopra è stato 69,6 milioni dollari e $ 78,0 milioni di euro rispettivamente. La riconciliazione di EBITDA ed EBITDA rettificato di cassa netto fornito dai flussi di cassa da attività operative è qui di seguito indicate.
Una media di 12 e 10,3 navi erano di proprietà e gestito durante i nove mesi conclusisi il 30 settembre 2009 e 2008, rispettivamente, a guadagnare un tasso medio di TCE per ogni giorno di $ 31,515 e 43,353 dollari, rispettivamente. Vi rimandiamo alle informazioni sotto il titolo "Sintesi della Selezione dei dati" più avanti in questo comunicato stampa per ulteriori informazioni riguardanti il nostro calcolo dei tassi di TCE.
Le spese totali sono aumentate a 88,6 milioni dollari per il periodo di nove mesi chiuso al 30 settembre 2009, rispetto a $ 74,0 milioni per il periodo di nove mesi conclusosi il 30 settembre, a causa di funzionamento della nave maggiore e le spese di viaggio e gli ammortamenti a seguito di un periodo più lungo esercizio 2008 . Spese di funzionamento della nave sono stati 23,3 milioni dollari per il periodo di nove mesi conclusosi il 30 settembre 2009 rispetto a 19,7 milioni dollari dello stesso periodo dello scorso anno. L'aumento delle spese di funzionamento della nave è dovuta al funzionamento di una flotta più grande, più personale di bordo e le spese di assicurazione.
Quote di ammortamento sono aumentate di circa il 29% a 45,2 milioni dollari per il periodo di nove mesi conclusosi il 30 settembre 2009 da $ 35,0 milioni per il periodo di nove mesi conclusosi il 30 settembre 2008 a causa di un periodo più lungo di funzionamento della nostra flotta.
Le spese generali e amministrative è diminuito di circa il 22% a 6,3 milioni dollari per i nove mesi conclusisi il 30 settembre 2009 da 8,1 milioni dollari il periodo di nove mesi conclusosi il 30 settembre 2008, rispettivamente. Questo calo è dovuto principalmente al minore stock di compensazione basate.
Liquidità e dotazione di capitale
Flussi di cassa
Flusso di cassa netto da attività di esercizio per i nove mesi conclusisi il 30 settembre 2009 e il 2008, è stato di $ 59,0 milioni e 83,7 milioni dollari, rispettivamente. Flusso di cassa netto da attività di esercizio per il periodo di nove mesi conclusosi il 30 settembre 2009 è stato principalmente una conseguenza della registrato una perdita netta di 53,9 milioni dollari, rettificato per l'ammortamento di 45,2 milioni dollari, e una perdita durevole di valore dalla vendita della nave Star Alpha che è stato classificato come asset detenuti per la vendita e valutati al fair value al netto dei costi di vendita di 75,1 milioni dollari, e l'ammortamento del valore equo di sotto / sopra di mercato acquisite contratti di noleggio a tempo di $ 5,4 milioni. flusso di cassa netto da attività di esercizio per i nove mesi conclusisi il 30 settembre , 2008 è stata principalmente una conseguenza della registrato un utile netto di 83,5 milioni dollari, rettificato per l'ammortamento, sulla base di stock di compensazione e la perdita durevole di valore della nave relativi alla vendita della nave Star Iota di 41,3 milioni dollari compensato da l'ammortamento del fair value di sotto / sopra mercato acquisito contratti di noleggio a tempo di 51,8 milioni dollari.
Flusso di cassa netto utilizzato in attività di investimento per i nove mesi conclusisi il 30 settembre, 2009 e 2008, è stato 21,5 milioni dollari e 440,8 milioni dollari, rispettivamente. Per il periodo di nove mesi conclusosi il 30 settembre 2009, c'è stato un aumento in contanti limitato di 21,5 milioni dollari in materia di deroghe ottenute per gli accordi di prestito esistenti e la FFA. Per i nove mesi conclusisi il 30 settembre 2008 il denaro utilizzato in attività di investimento legate principalmente al pagamento del corrispettivo in contanti di 413,4 milioni dollari pagati per la nostra flotta iniziale, 14,4 milioni dollari relativi al prezzo di acquisto assegnati alla sopra carte di tempo del mercato e $ 13,0 milioni relativi ad un aumento della liquidità vincolata.
Flusso di cassa netto utilizzato in attività di finanziamento per i nove mesi conclusisi il 30 settembre 2009 è stato 38,4 milioni dollari rispetto ai $ 343,0 milioni di euro di cassa netto da attività di finanziamento previsto per i nove mesi conclusisi il 30 settembre 2008. Per i nove mesi conclusisi il 30 settembre 2009, cassa netto utilizzato in attività di finanziamento consisteva dei pagamenti delle rate del prestito, pari a $ 37,0 milioni e di pagamento di un dividendo in contanti pari a $ 3,1 milioni, principalmente compensata da denaro erogate dal reinvestimento nostri direttori 'dividendo di 1,9 milioni dollari . Per il periodo di nove mesi chiuso al 30 settembre 2008 di cassa netto da attività di finanziamento previsto consisteva nel prelievo di 317,5 milioni dollari legate ai nostri strumenti di prestito e dei proventi di esercizio dei warrant di 94,2 milioni dollari compensato principalmente dai 42,8 milioni dollari di dividendi in contanti versati, 12,5 $ milioni di euro di rimborsi sotto i nostri contratti di finanziamento e di pagamento di 11,7 milioni dollari in connessione con il nostro riacquisto di azioni ordinarie e warrant.
 
23/11/2009 Baltic Exchange Dry Index BDI 4423 (DOWN 84)
20/11/2009 Baltic Exchange Dry Index BDI 4507 (DOWN 154)
19/11/2009 Baltic Exchange Dry Index BDI 4.661 (UP 18)
18/11/2009 Baltic Exchange Dry Index BDI 4643 (UP 262)
17/11/2009 Baltic Exchange Dry Index BDI 4381 (UP 161)
16/11/2009 Baltic Exchange Dry Index BDI 4220 (UP 109 )
13/11/2009 Baltic Exchange Dry Index BDI 4111 (UP 157)
12/11/2009 Baltic Exchange Dry Index BDI 3954 (UP 206)
11/11/2009 Baltic Exchange Dry Index BDI 3748 (UP 133)
10/11/2009 Baltic Exchange Dry Index BDI 3615 (UP 135)
09/11/2009 Baltic Exchange Dry Index BDI 3480 (UP 87)
06/11/2009 Baltic Exchange Dry Index BDI 3393 (UP 58)
05/11/2009 Baltic Exchange Dry Index BDI 3335 (UP 40)
04/11/2009 Baltic Exchange Dry Index BDI 3295 (UP 48)
03/11/2009 Baltic Exchange Dry Index BDI 3247 (UP 62)
02/11/2009 Baltic Exchange Dry Index BDI 3185 (UP 82)

Max di Giugno 3/6/2009 bdi 4291
 
TAL [http://www.talinternational.com/]
TAL International Group, Inc. (TAL) is a lessor of intermodal containers and chassis. The Company operates in the intermodal transportation equipment industry, and has two business segments: Equipment Leasing and Equipment Trading. Under the Equipment Leasing Segment, TAL owns, leases and disposes of containers and chassis from its lease fleet, as well as manages leasing activities for containers owned by third-parties. Under the Equipment Trading Segment, the Company purchases containers from shipping line customers, and other sellers of containers, and resell these containers to container traders and users of containers for storage or one way shipment. As of March 31, 2008, its total fleet consisted of 756,321 containers and chassis, including 33,539 containers under management for third parties, representing 1,224,452 twenty-foot equivalent units (TEU). TAL operated its business through 20 worldwide offices located in 11 different countries as of December 31, 2008.
The Company’s fleet primarily consists of three types of equipment: Dry Containers, Refrigerated Containers and Special Containers. Dry containers come in lengths of 20, 40 or 45 feet. They are eight feet wide, and either 8.5 or 9.5 feet tall. Dry containers are used to carry general cargo, such as manufactured component parts, consumer staples, electronics and apparel. Refrigerated containers include an integrated cooling machine and an insulated container, come in lengths of 20 or 40 feet, and are eight feet wide, and either 8.5 or 9.5 feet tall. These containers are used to carry perishable cargo, such as fresh and frozen produce. The Company’s special containers are open top and flat rack containers. Open top containers come in similar sizes as dry containers, but do not have a fixed roof. Flat rack containers come in varying sizes and are steel platforms with folding ends and no fixed sides. Open top and flat rack containers are generally used to move heavy or bulky cargos, such as marble slabs, steel coils or factory components, that cannot be easily loaded on a fork lift through the doors of a standard container.
The Company has added three new equipment types to its fleet: Tank Containers, Chassis and Port Equipment. Tank containers are stainless steel cylindrical tanks enclosed in rectangular steel frames, with the same outside dimensions as 20 foot dry containers. They carry bulk liquids, such as chemicals. An intermodal chassis is a rectangular, wheeled steel frame, generally 23.5, 40 or 45 feet in length, built specifically for the purpose of transporting intermodal containers domestically. Longer sized chassis, designed solely to accommodate domestic containers, can be up to 53 feet in length. Once mounted, the chassis and container are the functional equivalent of a trailer. When mounted on a chassis, the container may be trucked either to its destination or to a railroad terminal for loading onto a rail car. TAL’s chassis are primarily used in the United States. The Company finances container cranes, reach stackers and related equipment.
Equipment Leasing Segment
The Company’s equipment leasing operations include the acquisition, leasing, re-leasing and ultimate sale of multiple types of intermodal equipment. TAL offers leasing services through 20 offices in 11 countries and 185 third-party container depot facilities in 37 countries as of December 31, 2008. Its customers include APL-NOL, CMA-CGM, NYK Line, Mediterranean Shipping Company and Maersk Line. The Company primarily leases three principal types of equipment: dry freight containers, which are used for general cargo, such as manufactured component parts, consumer staples, electronics and apparel; refrigerated containers, which are used for perishable items, such as fresh and frozen foods, and special containers, which are used for heavy and oversized cargo, such as marble slabs, building products and machinery. TAL also leases chassis, which are used for the transportation of containers in the United States through rail and roads, and tank containers, which are used to transport bulk liquid products, such as chemicals.
TAL generally leases its equipment on a per diem basis to customers under three types of leases: long-term leases, finance leases and service leases. As of December 31, 2008, 90% of the Company’s total fleet was on-hire to customers, with 54% of its fleet on long-term leases, 9% on finance leases, 18% on service leases and 9% on long-term leases. Its equipment leasing revenues primarily consist of leasing revenues derived from the lease of the Company’s owned equipment and, to a lesser extent, fees received for managing equipment owned by third parties.
Equipment Trading Segment
The Company purchases containers from shipping line customers and other sellers of containers, and resell these containers to container traders and users of containers for storage and one-way shipments. As of December 31, 2008, TAL had sold an average of approximately 37,000 20-foot equivalent units of containers purchased for resale annually. Total revenue for the equipment trading segment is primarily made up of equipment trading revenue, which represents the proceeds from sales of trading equipment.
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TDW [ http://www.tdw.com/ ]
Tidewater Inc., incorporated in 1956, provides offshore supply vessels and marine support services to the offshore energy industry through the operation of offshore marine service vessels. As of March 31, 2008, the Company had a total of 430 vessels, of which 10 were operated through joint ventures, 61 were stacked and 11 vessels withdrawn from service. The Company provides services supporting all phases of offshore exploration, development and production, including towing of and anchor handling of mobile drilling rigs and equipment; transporting supplies and personnel necessary to sustain drilling, workover and production activities; assisting in offshore construction activities, and a variety of specialized services, including pipe laying, cable laying and three-dimensional (3-D) seismic work. The Company operates in two segments: United States and International.
The company’s customers include oil and natural gas exploration, development and production companies, foreign government-owned or controlled organizations and companies that explore and produce oil and natural gas, and companies that provide other services to the offshore energy industry. The principal areas of the Company’s operations include the United States Gulf of Mexico, the Persian Gulf, and areas offshore Australia, Brazil, Egypt, India, Indonesia, Malaysia, Mexico, Trinidad, Venezuela and West Africa. The company conducts its operations through wholly owned subsidiaries and joint ventures.
Deepwater Vessels
Deepwater vessels include large, platform supply vessels and large, high-horsepower (generally greater than 10,000 horsepower) anchor handling towing supply vessels. This vessel class is chartered to customers for use in transporting supplies and equipment from shore bases to deepwater and intermediate water depth offshore drilling rigs, platforms and other installations. Platform supply vessels, which have large cargo handling capabilities, serve drilling and production facilities and support offshore construction and maintenance work. The anchor handling towing supply vessels are equipped for and are capable of towing drilling rigs and other marine equipment, as well as setting anchors for positioning and mooring drilling rigs.
Towing Supply and Supply Vessels
Towing supply and supply vessels is the Company’s largest fleet class by number of vessels. Included in this class are anchor handling towing supply vessels and supply vessels with average horsepower below 10,000 break horse power, and platform supply vessels that are generally less than 230 feet. The vessels in this class perform the same functions and services as their deepwater vessel class counterparts except they are generally chartered to customers for use in intermediate and shallow waters.
Crewboats and Utility Vessels
Crewboats and utility vessels are chartered to customers for use in transporting personnel. It is also used in transporting small quantities of supplies from shore bases to offshore drilling rigs, platforms and other installations.
Offshore Tugs
Offshore tugs tow floating drilling rigs, assist in the docking of tankers, tow barges, assist pipe laying, cable laying and construction barges. These vessels are used in a variety of other commercial towing operations, including towing barges carrying a variety of bulk cargoes and containerized cargo.
Other Vessels
The Company’s vessels also include inshore tugs, offshore barges, and production, line-handling and various other special purpose vessels. Inshore tugs, which are operated principally within inland waters, tow drilling rigs to and from their locations, and tow barges carrying equipment and materials for use principally in inland waters for drilling and production operations. Barges are either used in conjunction with company tugs or are chartered to others.
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TGH [ http://www.textainer.com/ ]
Textainer Group Holdings Limited (TGH) is the holding company of a group of corporations, Textainer Group Holdings Limited and subsidiaries (the Company), involved in the purchase, management, leasing and resale of a fleet of marine cargo containers. The Company manages and provides administrative support to the affiliated and unaffiliated owners (the Owners) of the containers and structures and manages container leasing investment programs. The Company conducts its business activities in four main areas: container ownership, container management, container resale and military management. The Company operates in four reportable segments: Container ownership, Container management, Container resale and Military management.
The Company’s containers consist primarily of standard dry freight containers, but also include special-purpose containers. TGH has three directly owned subsidiaries: Textainer Equipment Management Limited, provides container management, acquisition and disposal services to affiliated and unaffiliated container investors; Textainer Limited, which owns containers directly and via a subsidiary, Textainer Marine Containers Limited, which is jointly owned with FB Transportation Capital LLC, and Textainer Capital Corporation, which together with its subsidiary, was the former managing general partner of six California limited partnerships formed to invest in transportation equipment and which are dissolved, and is not actively operating.
As of December 31, 2008, the Company-owned containers accounted for approximately 43% of its fleet. As of December 31, 2008, the Company managed containers on behalf of 10 container investors, providing acquisition, management and disposal services. These managed containers account for the remaining 54% of its fleet. The Company generally sells containers from its fleet when they reach the end of their useful lives in marine service. It also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers. The Company leases containers to the United States military pursuant to the Surface Deployment and Distribution Command (SDDC) contract and earn a fee for supplying and managing its fleet of leased containers. It is the main supplier of leased intermodal containers to the United States military.
http://www.reuters.com/finance/stocks/ratios?symbol=TGH
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TMM [ http://www.grupotmm.com/ ]
Grupo TMM, S.A.B. is an integrated logistics and transportation companies in Mexico providing specialized maritime services and integrated logistics services, including trucking services and ports and terminals management services, to premium clients throughout Mexico. The Company also provides full intermodal logistics and door-to-door services to its customers by being a source of trucking, port and ship services for clients transporting goods across land and water in the North American Free Trade Area (NAFTA) corridor. The Company operates in three segments: Maritime Operations, Ports and Terminals Operations, and Logistics Operations.
http://www.reuters.com/finance/stocks/ratios?symbol=TMM
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TNP [http://www.tenn.gr/]
Tsakos Energy Navigation Limited (Tsakos Energy Navigation), incorporated in 1993, is a provider of international seaborne crude oil and petroleum product transportation services. The Company also transports liquefied natural gas (LNG). Tsakos Energy Navigation owns a fleet of tankers providing worldwide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters. As of March 31, 2009, the Company operated a fleet of 46 double-hull tankers providing worldwide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters and one LNG carrier. The Company’s fleet consists of three very large crude carriers (VLCCs), 10 suezmaxes, 11 aframaxes, seven panamaxes, six handymaxes, eight handysizes and one LNG carrier. All vessels are owned by the Company’s subsidiaries.
The Company’s fleet totals approximately 4.9 million deadweight tonnage (dwt), all of which is double-hulled. As of March 31, 2009, the average age of the tankers in its operating fleet was 6.3 years. In addition to the vessels operating in Tsakos Energy Navigation’s fleet, it is building an additional four vessels. As of March 31, 2009, it had 23 ice-class vessels. Several oil companies and traders, including Houston Refining, PDVSA, ExxonMobil, FLOPEC, Shell, BP, Sunoco, Tesoro, Petrobras, Trafigura, Glencore and Neste Oil are the customers of Tsakos Energy Navigation.
During the year ended December 31, 2008, the Company received the delivery of two panamaxes Selecao and Socrates and two aframaxes Maria Princess and Nippon Princess. During 2008, it repurchased the suezmaxes Decathlon and Pentathlon, sold five years previously as part of a sale and lease-back deal. In 2008, it sold the aframax Olympia.
The Company competes with Overseas Shipholding Group Inc., Teekay Shipping Corporation and General Maritime Corporation.
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star bulk carriers corp., una società globale di navigazione incentrata sul trasporto di carichi secchi alla rinfusa, ha annunciato ieri la sua non certificati risultati finanziari e operativi per il terzo trimestre e periodo di nove mesi conclusosi il 30 settembre 2009. Akis tsirigakis, presidente e ceo di star bulk, ha commentato: "siamo lieti di comunicare forti risultati operativi per il terzo trimestre del 2009, superando le aspettative. Escludendo voci non in contanti, il risultato netto del trimestre è stato di 12,4 milioni dollari o 0,20 dollari per azione e ebitda adjusted è stato 28,3 milioni dollari. La nostra campagna di controllo dei costi ha prodotto risultati tangibili, spese generali e amministrative sono diminuite del 37%, mentre le spese di funzionamento della nave sono diminuite del 1,9 milioni dollari o del 20%, rispetto al terzo trimestre dello scorso anno. I nostri sforzi sono stati aiutati da il trasferimento in-house della gestione tecnica della nostra flotta.
"nel corso del trimestre abbiamo ulteriormente rafforzato la stabilità finanziaria e operativa della nostra società. Ci siamo assicurati charter nuovo tempo con i noleggiatori reputazione migliorare la qualità e la visibilità dei nostri guadagni e raggiungere una copertura del 100% carta per la nostra flotta per il 2009, 85% per il 2010 e il 42% per 2011. Dimostrano il nostro forte situazione finanziaria, dopo aver ottenuto l'autorizzazione richiesta dei nostri istituti di credito, abbiamo dichiarato un dividendo di $ 0,05 per azione ordinaria, continuando così a premiare gli azionisti con dividendi regolari.
"con una flotta giovane e moderna, basso livello del debito, con esperienza di gestione, efficiente in-house la gestione della flotta tecnica e commerciale, la copertura charter forte e ad elevata liquidità, la nostra società è ben posizionata per una crescita continua creazione di valore per gli azionisti".
George syllantavos, chief financial officer di star bulk, ha commentato: "al 30 settembre 2009, il nostro debito senior è stato 259,5 milioni dollari, mentre la nostra posizione di cassa pari a 63,3 milioni dollari, si traduce in un debito netto di circa il 25% del nostro patrimonio complessivo. Noi hanno già prepagato il nostro rata del debito prevista per dicembre 2009, riducendo in tal modo i nostri interessi passivi. Nostri rimanenti rimborsi del debito principale sono circa $ 60 milioni per il 2010, 32 milioni dollari per il 2011, dopo la riduzione di circa 25 milioni dollari l'anno, mentre noi non abbiamo altri impegni di spesa in conto capitale. L'elevata copertura contratto per la nostra flotta genera flussi di cassa positivi che si prevede di potenziare ulteriormente le nostre riserve di liquidità, mentre la gestione in-house tecnici della nostra flotta genera significativi incrementi di efficienza operativa e risparmi sui costi ".
Terzo trimestre 2009 e 2008 risultati
per il trimestre chiuso al 30 settembre 2009, i ricavi totali ammontano a 33,6 milioni dollari rispetto ai 65,2 milioni dollari per il trimestre conclusosi il 30 settembre, principalmente a causa di più bassi tassi di charter per la maggior parte delle nostre navi imposte dal mercato 2008. La perdita operativa pari a 70,7 milioni dollari per il trimestre conclusosi il 30 settembre 2009 rispetto a un utile operativo di 37,6 milioni dollari per il trimestre conclusosi il 30 settembre 2008. Perdita netta per il terzo trimestre del 2009 ammontano a 72,9 milioni dollari o 1,19 dollari di perdita per azione calcolato su 61.049.760 numero medio ponderato di azioni, di base e diluita. L'utile netto per il terzo trimestre del 2008 pari a 35,2 milioni dollari o 0,63 dollari per azione calcolato su base 55.873.973 numero medio ponderato di azioni, 0,62 dollari per azione diluita calcolato su 56.971.504 numero medio ponderato di azioni.
L'ebitda rettificato per il terzo trimestre del 2009 e il 2008, escludendo le voci di cui sopra è stato 28,3 milioni dollari e 34,2 milioni dollari, rispettivamente. La riconciliazione di ebitda ed ebitda rettificato di cassa netto fornito dai flussi di cassa da attività operative è qui di seguito indicate.
Una media di 12 e 12,1 navi erano posseduti e gestiti nel corso del terzo trimestre del 2009 e 2008, rispettivamente, a guadagnare una media time equivalent carta, ( 'tce ") tasso al giorno di $ 29,474 e $ 45,756 al giorno, rispettivamente. Ci riferiamo a le informazioni sotto il titolo "sintesi della selezione dei dati" più avanti in questo comunicato stampa per ulteriori informazioni riguardanti il nostro calcolo dei tassi di tce.
Totale spese, ad esclusione della perdita durevole di valore derivante dalla vendita della nave star alpha, è diminuito di circa il 16% a 24,1 milioni dollari per il periodo di tre mesi chiuso al 30 settembre 2009, rispetto a $ 28,6 milioni per il periodo di tre mesi chiuso al 30 settembre 2008 principalmente a causa a ridurre le spese di funzionamento della nave e un guadagno di $ 2,8 milioni relativi a ffa. Spese di funzionamento della nave sono stati 7,5 milioni dollari per il terzo trimestre del 2009 rispetto a 9,4 milioni dollari per lo stesso periodo dello scorso anno. La diminuzione dei costi operativi della nave è dovuta principalmente al cambiamento di gestione della metà delle nostre navi, durante il periodo di tre mesi chiuso al settembre 30, 2009. Navi gestite in-house stanno dimostrando di essere un costo sostanzialmente più efficace di navi gestite da manager di terze parti.
Quote di ammortamento è sceso a 13,7 milioni dollari per il terzo trimestre del 2009 da $ 14,0 milioni per il terzo trimestre del 2008.
Le spese generali e amministrative è diminuito di circa il 37% a 1,7 milioni dollari per il trimestre terminato il 30 settembre 2009 da 2,7 milioni dollari per il trimestre conclusosi il 30 settembre 2008, rispettivamente. Questa diminuzione è principalmente dovuta ai minori costi per compensi di stock-based.
Dividendo dichiarazione:
Il 6 novembre 2009, la società ha annunciato che il suo consiglio di amministrazione ha dichiarato un dividendo cash di 0,05 dollari per azione in circolazione delle azioni ordinarie della società per i tre mesi conclusisi a settembre 30, 2009. Il dividendo sarà in pagamento a circa 4,2009 a dicembre azionisti di record del 27 novembre 2009. La società ha ricevuto l'autorizzazione scritta da ciascuno dei suoi finanziatori per la dichiarazione e il pagamento di tale dividendo per il terzo trimestre del 2009, come richiesto ai sensi degli accordi della società rinuncia con la sua finanziatori, in vigore fino al febbraio 2010.
Periodo di nove mesi chiuso al 30 settembre 2009 e il 2008 risultati
per il periodo di nove mesi conclusosi il 30 settembre 2009, i ricavi totali ammontano a 111,1 milioni dollari rispetto ai 166,1 milioni dollari per il periodo di nove mesi conclusosi il 30 settembre 2008. Questa diminuzione è dovuta principalmente a tassi più bassi guadagnati charter per la maggior parte delle nostre navi nel corso del 2009. La perdita operativa pari a 46,5 milioni dollari per il periodo di nove mesi chiuso al 30 settembre 2009 rispetto a un utile operativo di 88,5 milioni dollari per il periodo di nove mesi conclusosi il 30 settembre 2008. Perdita netta per il periodo di nove mesi chiuso al 30 settembre 2009 ammontava a 53,9 milioni dollari che rappresentano 0,89 dollari di perdita per azione base e diluita calcolato su 60.813.996 numero medio ponderato di azioni. L'utile netto per il periodo di nove mesi chiuso al 30 settembre 2008 ammontava a 83,5 milioni dollari o 1,63 dollari per azione calcolato su base 51.201.845 numero medio ponderato delle azioni, e di 1,54 dollari per azione diluita calcolato su 54.200.802 numero medio ponderato di azioni.
L'ebitda rettificato per il periodo di nove mesi chiuso al 30 settembre 2009 e il 2008, escludendo tutti gli elementi di cui sopra è stato 69,6 milioni dollari e $ 78,0 milioni di euro rispettivamente. La riconciliazione di ebitda ed ebitda rettificato di cassa netto fornito dai flussi di cassa da attività operative è qui di seguito indicate.
Una media di 12 e 10,3 navi erano di proprietà e gestito durante i nove mesi conclusisi il 30 settembre 2009 e 2008, rispettivamente, a guadagnare un tasso medio di tce per ogni giorno di $ 31,515 e 43,353 dollari, rispettivamente. Vi rimandiamo alle informazioni sotto il titolo "sintesi della selezione dei dati" più avanti in questo comunicato stampa per ulteriori informazioni riguardanti il nostro calcolo dei tassi di tce.
Le spese totali sono aumentate a 88,6 milioni dollari per il periodo di nove mesi chiuso al 30 settembre 2009, rispetto a $ 74,0 milioni per il periodo di nove mesi conclusosi il 30 settembre, a causa di funzionamento della nave maggiore e le spese di viaggio e gli ammortamenti a seguito di un periodo più lungo esercizio 2008 . Spese di funzionamento della nave sono stati 23,3 milioni dollari per il periodo di nove mesi conclusosi il 30 settembre 2009 rispetto a 19,7 milioni dollari dello stesso periodo dello scorso anno. L'aumento delle spese di funzionamento della nave è dovuta al funzionamento di una flotta più grande, più personale di bordo e le spese di assicurazione.
Quote di ammortamento sono aumentate di circa il 29% a 45,2 milioni dollari per il periodo di nove mesi conclusosi il 30 settembre 2009 da $ 35,0 milioni per il periodo di nove mesi conclusosi il 30 settembre 2008 a causa di un periodo più lungo di funzionamento della nostra flotta.
Le spese generali e amministrative è diminuito di circa il 22% a 6,3 milioni dollari per i nove mesi conclusisi il 30 settembre 2009 da 8,1 milioni dollari il periodo di nove mesi conclusosi il 30 settembre 2008, rispettivamente. Questo calo è dovuto principalmente al minore stock di compensazione basate.
Liquidità e dotazione di capitale
flussi di cassa
flusso di cassa netto da attività di esercizio per i nove mesi conclusisi il 30 settembre 2009 e il 2008, è stato di $ 59,0 milioni e 83,7 milioni dollari, rispettivamente. Flusso di cassa netto da attività di esercizio per il periodo di nove mesi conclusosi il 30 settembre 2009 è stato principalmente una conseguenza della registrato una perdita netta di 53,9 milioni dollari, rettificato per l'ammortamento di 45,2 milioni dollari, e una perdita durevole di valore dalla vendita della nave star alpha che è stato classificato come asset detenuti per la vendita e valutati al fair value al netto dei costi di vendita di 75,1 milioni dollari, e l'ammortamento del valore equo di sotto / sopra di mercato acquisite contratti di noleggio a tempo di $ 5,4 milioni. Flusso di cassa netto da attività di esercizio per i nove mesi conclusisi il 30 settembre , 2008 è stata principalmente una conseguenza della registrato un utile netto di 83,5 milioni dollari, rettificato per l'ammortamento, sulla base di stock di compensazione e la perdita durevole di valore della nave relativi alla vendita della nave star iota di 41,3 milioni dollari compensato da l'ammortamento del fair value di sotto / sopra mercato acquisito contratti di noleggio a tempo di 51,8 milioni dollari.
Flusso di cassa netto utilizzato in attività di investimento per i nove mesi conclusisi il 30 settembre, 2009 e 2008, è stato 21,5 milioni dollari e 440,8 milioni dollari, rispettivamente. Per il periodo di nove mesi conclusosi il 30 settembre 2009, c'è stato un aumento in contanti limitato di 21,5 milioni dollari in materia di deroghe ottenute per gli accordi di prestito esistenti e la ffa. Per i nove mesi conclusisi il 30 settembre 2008 il denaro utilizzato in attività di investimento legate principalmente al pagamento del corrispettivo in contanti di 413,4 milioni dollari pagati per la nostra flotta iniziale, 14,4 milioni dollari relativi al prezzo di acquisto assegnati alla sopra carte di tempo del mercato e $ 13,0 milioni relativi ad un aumento della liquidità vincolata.
Flusso di cassa netto utilizzato in attività di finanziamento per i nove mesi conclusisi il 30 settembre 2009 è stato 38,4 milioni dollari rispetto ai $ 343,0 milioni di euro di cassa netto da attività di finanziamento previsto per i nove mesi conclusisi il 30 settembre 2008. Per i nove mesi conclusisi il 30 settembre 2009, cassa netto utilizzato in attività di finanziamento consisteva dei pagamenti delle rate del prestito, pari a $ 37,0 milioni e di pagamento di un dividendo in contanti pari a $ 3,1 milioni, principalmente compensata da denaro erogate dal reinvestimento nostri direttori 'dividendo di 1,9 milioni dollari . Per il periodo di nove mesi chiuso al 30 settembre 2008 di cassa netto da attività di finanziamento previsto consisteva nel prelievo di 317,5 milioni dollari legate ai nostri strumenti di prestito e dei proventi di esercizio dei warrant di 94,2 milioni dollari compensato principalmente dai 42,8 milioni dollari di dividendi in contanti versati, 12,5 $ milioni di euro di rimborsi sotto i nostri contratti di finanziamento e di pagamento di 11,7 milioni dollari in connessione con il nostro riacquisto di azioni ordinarie e warrant.

nn male vedendo anche la quotazione
 
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