Ocean Wilsons (holdings)... Share Discussion Threads

[last of the mohicans] 16/6/2014 22:00

Hi Piedro,

I hadn't paid as much attention as you to which ships were docking where, draught isn't an issue at RG so there must be another reason why the big ones dock at the north.

So thanks for that and the tug update, had been trying to find details of the 63 individual tugs but couldn't find any on the website etc.

Good point about customs clearance etc.

If you look at RG right now, you can see though what a difference that 100M would have made. Cap San Lorenzo (333M) MSC Coruna (270M) both berthed, but they couldn't berth Msc Navegantes (294M) so sat waiting for many hours, when it could have been berthed and had paperwork checked etc. Same is going to happen again overnight with the new ships that are due. Not sure why Juliana is still moored offshore as its already been taken care of!

Its just not as effective as it could be, which doesn't help you get new business when time is being needlessly wasted for customers, let other ports have queue's etc not RG, get yourself a good name for speed of service etc:) :)

You might get away with it while the terminal is only working at under 60% capacity, but not when it gets over 70% and as it increases from there the more the bottlenecks will slow everything down.

Still lots of ships going between AR & MY and then coming to RG so can't be a full scale spat.

Zim San Diego is due on the 17th which wasn't on your screenshot list, another 334M one.

LOTM

[piedro] 16/6/2014 14:52

The usual tugs at RG are Wilson's,(you can look them up on their webpage),though you may occasionally see a Smit... or a Ts... and a Pilot.

The northern berth seems to be used for the bigger ships, up to 333mts at the moment (eg Cap San Lorenzo etc which will now be calling fortnightly). Don't forget that there is a problem of draught in most SAEC ports, {Santos cannot take large ships, they have to tranship out in the bay}, therefore shippers are not yet sending too many this way.

I see that Venezuela will be buying more 10 new tugs instead of hiring ... perhaps they were cheap with the recession but not now.

With docking times you must also add in customs clearance which can take as much again in some ports.

Re: Salvador, certainly fewer boats calling recently. The southern berth is for smaller ships (coastal traders) and 'special cargos'. You must keep in mind that shipping is a long term business, conservative and seasonal. They must change shippers habits by showing that there are cost and time savings at Salvador, not only the port, but the inland transport, paperwork etc.

LOL, you want 100 mts more quay at T.RG, but talk about wasted CAPEZ at T.S.
RG is getting some extra trade at the moment due to a spat between Argentina and Uruguay, but for how long?
And those cranes! ... now ships are arriving at RG with beams of 48mts. What size when the Panama Canal is ready.

Happy ship watching.

[piedro] 14/6/2014 10:27

Shipping does not seem to be an exact science
Arrival times are variable, routes change and
the shippers change sizes according to demand

T.Rio Grande - programmed calls*


Colour code:
purple ... new-panamax... 9,700-14,500 TEU
mauve .... post-panamax.. 5,101-9,700
pink ..... panamax....... 3,001-5,100
blue ..... feedermax..... 2,001-3,000
yellow ... feeder........ 1,000-2,000

* - site not yet publicly available

[piedro] 14/6/2014 09:57

Last of The Mohicans 10 Jun'14 - 19:55 - 970 of 973
'I do think someone made a big mistake with RG, why oh why did they make the berth 900M! when they did the upgrade, should have made it 1000M'>/i>


3 in today - 334, 208 and 206 mts + 2 tugboats...



... I believe that extra bit of land on the map, if it is their's, is for the shipyard.

[trytotakeiteasy] 11/6/2014 10:05

Trading looks ok to me.....May container volumes up 6.5% on last year.. Towage up 11.6% and strong growth in offshore vehicles.

In the first five months of 2014 container volumes up nearly a quarter on last year..

Not sure why so much negativity on trading for this group...

[trytotakeiteasy] 10/6/2014 23:24

I thought volumes were up strongly in first four months... I have to say one months weakness doesn't really worry me..... will see what the rns says tomorrow..

[last of the mohicans] 10/6/2014 22:19

May's data just out, disappointing to say the least didn't even make 60,000 TEU's at RG, Salvador down on last year.

More importantly exports/imports are the ones that have the biggest margin, not good figures in those categories.

LOTM

[last of the mohicans] 10/6/2014 19:55

Piedro,

I've now spent the last 5 days kind of watching what's going on at the Tecon terminals.

Several things I can't get my head round as yet !! will talk @ them when I do.

I do think someone made a big mistake with RG, why oh why did they make the berth 900M! when they did the upgrade, should have made it 1000M that way they could handle 2 of the bigger sized ships ie @ 330M each and one of the smaller 280-300M ones all at the same time, which they now simply can't do (nor can they do 2 of the 280-300M & 1 of the 330-340M). Total lack of foresight from the company in 2011.

Now you've got times when the ships are having to queue up, 2 ships waiting this morning at RG, if they had done it as I've said this wouldn't have happened, they would have had "Cap Ines" in as soon as it arrived yesterday (9th)instead of waiting 5 hours.

Not sure why "Chacabuco" is not yet in, there is just enough room (873M for the 3 ships) not much for gaps thou! Knock on effect is its been waiting @15 hours and counting

We maybe need another couple of the big cranes as well?

Been trying to do some comparisons with one of our main competitor container ports TCP. They only have @650M of berth currently going up to @ 900M also, expansion seems to be running behind schedule. However they list capacity currently at @ 1.2M TEU's, going up to 1.5M with the expansion, so why is RG not the same?

We're certainly getting more ships than TCP in the time I've studied it.

LOTM

[last of the mohicans] 05/6/2014 17:59

Thanks Piedro,

Wish I was better at using such sites.

I was there looking at things yesterday, but it didn't seem to want to do what I wanted it to do.

Will try and play around with it a little more.

Regards

LOTM

[piedro] 05/6/2014 11:27

LOTM,

I use marinetraffic.com to watch the terminals, take it from there and good luck with hard work well rewarded.

That's why I am reluctant to say too much here.

Even ShareSoc are now charging 'members' to learn the use of the internet.

[last of the mohicans] 04/6/2014 20:55

Piedro,

Should be a new tugboat brought into service June, July & August, so plenty of sea trials for you to view.

Which site do you use for viewing terminal calls?

So going by your info Tec RG should perhaps be close to another record month, may even break 70,000 units for the 1st time (given that there was 31 days in May maybe 71,000 is possible!!!)

Thanks

LOTM

[piedro] 30/5/2014 21:26

For shipwatchers
Ws Antares sighted off the coast of Santos, presumably undergoing sea trails
as as yet without call sign,

Plenty of calls at Tecon Rio Grande but regretably few at Tecon Salvador
Brasco busy

[piedro] 20/5/2014 13:24

CONFERENCE CALL 1Q14
Conference Calls Details
May 20th, 2014 (Today)
Participants are requested to connect 10 minutes prior to the time set for the conference calls.
English
Time: 11 am (NY) / 4 pm (London) / 12 pm (Brasilia)
Webcast:
Dial-in access: [phone] (NY), 44 203 051 6929 (London)
Link to live audio, slide broadcast, and replay available online at: www.wilsonsons.com.br/ir
Participants of the Conference Call:
Mr. Felipe Gutterres - CFO of the Brazilian Subsidiary & Investor Relations
Mr. Arnaldo Calbucci - COO of Towage, Offshore, Shipyards and Ship Agency

[shauney2] 20/5/2014 12:04

A note from Edison post full year results update.

[last of the mohicans] 16/5/2014 08:35

Have to say, other than Towage the results in $$$ terms are actually very very disappointing indeed, even towage's number of special ops was down considerably too.

If it wasn't due to the $6M drop in wages from 2013, operating profit would actually have been down not up.

Yes it was great to see the massive increase in container terminal volumes, but to see net revenue generated from it down, even with a 24% rise in activity is highly disappointing to say the least. Really need to pay close attention to this going forward, because the cost base should increase much more slowly than net revenue & EBITDA when volume increases. If we project forward we could be looking at activity reaching @ 65% of capacity this year, compared to 52% last year. The terminals probably need 40%+ capacity just to break-even. So this significant uptick in activity should be showing up on the bottom line & its not.

The $6.6M on tugboat rentals for the quarter, makes no sense whatsoever when you compare it to the earning's of the 63 tugs together, management took the eye of the ball at some point in the recent past & profitability is paying a heavy price for it. I don't see that being reflected in all these cash-options they've managed to get themselves. There performance criteria should have heavily downgraded for this past failure & its not.

Need to try and compare against the Q4 numbers as well, hopefully will get a chance to do this at the weekend.

LOTM

[piedro] 15/5/2014 22:47

15/05/2014
Wilson Sons Q1-14 Earnings Release now available

[last of the mohicans] 12/5/2014 20:58

Thanks Piedro, interesting read :) :)

As to the monthly reports / quarterly reports, it will be interesting to see what the cash-flow and profit for Q1 actually were compared to last year & Q4.

Tec RG if it continues like this, we could be looking @ 740,000 to 780,000 TEU's for the year, way ahead of anyone's expectations. Also finally propelling the terminal from the 626,000 - 666,000 TEU's that its done constantly since 2008. Which will make a very big difference to the bottomline.

What would be really useful in these monthly reports is the publication of the total hours worked by the tugfleet. I've looked back over some of the old quarterly reports and profitability/cash flow doesn't always tie up with activity.

Take Q1 2012 verses Q1 2013, EBITDA for 2013 was $15m verses $9M yet towage operations were only 12,500 compared to 13,400. So the number of operations carried out might not truly reflect the amount of work undertaken, whereas I think showing hours worked as well, will be very informative when combined with the other data.

LOTM

[piedro] 12/5/2014 17:35

LOTM,

Perhaps you will find these interesting ...

hxxp://www.energyboardroom.com/interviews/interview-renata-pereira-executive-director-brasco-brazil

hxxp://www.energyboardroom.com/interviews/interview-patricia-tendrich-pires-coelho-founder-asgaard-navegacao-brazil

Otrosi:
Brasco Caju - first boat in many months called this morning {Sea Leopard, AHTS}

[last of the mohicans] 10/5/2014 00:57

April data now available for viewing

Tec RG fabulous month (all time high by the looks of it), Tec Sal horrible month. Towage good month, big increase in deadweight moved.

Will be very interesting to see the Q1 results in financial terms compared to the actual increases we already know about.

LOTM

[piedro] 09/5/2014 09:21

Petrobras approves contracts for 23 offshore vessels
Posted on May 8th
... In 6th round, nineteen Platform Supply Vessels (PSV – Vessels to transport cargo to the platforms) were contracted, six with Asgaard Navegação S.A., six with Starnav Serviços Marítimos Ltda, three with Bram Offshore Transportes Marítimos Ltda., two with Wilson Sons Offshore S.A. and two with Companhia Brasileira de Offshore. In addition, four Anchor Handling Tug and Supply vessels (AHTS – Vessels to tow and anchor rigs and platforms) were contracted with Companhia Brasileira de Offshore. ... ...

[yf23_1] 06/5/2014 14:46

Sorry, I got it from ADVFN Financials where it says GBX. Of course results are in USD, wasn't thinking.

[marben100] 06/5/2014 13:54

It's USc60 = 35.3p, not 60p

Cheers,

Mark
Twitter @marben100

[yf23_1] 06/5/2014 12:44

xd 60p tomorrow, anybody would think its today by the drop