Ocean Wilsons (holdings)... Share Discussion Threads

[piedro] 04/10/2012 09:35

Tecon Salvador bate recorde de importação
Notícia | 30 de Setembro de 2012
O Tecon Salvador, terminal de contêineres do Porto de Salvador operado pelo Grupo Wilson Sons, bateu recorde de importação no mês agosto com a movimentação de 82 mil toneladas de cargas, o que representa um incremento de 18% em relação à média dos meses anteriores. De janeiro a agosto, a movimentação no terminal aumentou em 48 mil toneladas em relação a igual período de 2011. As cargas que mais passaram pelo Tecon nos oito primeiros meses do ano foram químicos e petroquímicos, peças e equipamentos, produtos de varejo, borrachas e seus derivados e minérios. Juntas, estas cargas representaram 55% do total importado de janeiro a agosto. .... ....

[piedro] 20/8/2012 21:04

Big ships have yard operators scratching heads
by Greg Knowler
Aug 18, 2012,
Ports have been preparing for the arrival of megaships for the last few years, but now that they are pouring into service, the challenge of handling these vessels has become more apparent.
The rapidly increasing size of container vessels is posing an increasing headache for the terminals that have to accommodate the ships.
Off-loading half of a 10,000-plus TEU vessel requires plenty of coordination between ship and shore. On busy terminal days, many ports are finding they do not have enough container cranes to put on a ship. That means the larger the ship, the more boxes need to be handled, and the longer the ship needs to stay alongside.
This is a growing problem for the big exports ports of Asia and the gateway ports in the US and Europe. Even if the container moves per hour are boosted it can still take three days to clear a ship if only two cranes are used, which is about two days too long.
There is a limit to the number of cranes that can be installed on a berth so crane developers are working on ways to increase the load per crane. Some terminals use cranes that can load or off-load two containers at once, and there are cranes in the pipeline that will be able to handle four boxes in one move.
Of course that is great for handling empties, but not possible for loaded boxes. At least not yet.
But it is not just about moving boxes on and off a ship. The bigger the vessel the more boxes need to be in the yard and ready to be loaded, and more trucks and yard space needs to be available for the off-loaded containers.
Mega ships offer the carriers economies of scale, but only if the boxes arrive to be loaded. The ships require huge numbers of containers to be trucked or railed to the yards to meet the weekly services, putting pressure on all aspects of the landside operations.
Yet space is at a premium at ports across the world and increasing the size of yards is not simply a matter of buying and fencing off a new chunk of real estate.
Then there is how the yard itself is configured. All import and export boxes must be stacked at their own separate berths and according to the various shipping services and the destinations.
It is something every port deals with every week, but it remains a complex operation that requires superb juggling skills from the terminal managers.

[future financier] 20/8/2012 17:07

The figures are all screwed up in the accounts by accounting rules which make things appear far worse than they really are. If only the investments were de-merged from the holding in Wilsons then the market might be able to understand the figures and value this correctly!

[topvest] 15/8/2012 17:41

Ouch - looks like trading is getting hammered here at the moment. Will watch and wait, although indirectly hold through Hansa Trust plc.

[strollingmolby] 16/6/2012 08:35

Mark - I appreciate the considerable time and effort that you have put into producing the report and letter to Lord C. It's a thoruoghly detailed piece of research/commentary that all shareholders here to make time to review.

Cheers,
SM

[marben100] 15/6/2012 18:32

I attended OCN's AGM on 22nd May. It was a rather interesting AGM, with quite a fight between shareholder Lord Caldecot and the chairman. Had a useful discussion with William Salomon about the decline in ROIC over recent years. I've written a 14 page report analysing the company and information gleaned at the AGM, which is available on ShareSoc's member network, here: The report includes a letter from the chairman to Lord Caldecot, which was made available at the meeting.

To access the report, you'll need to be a member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join as an associate FOC here:

Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on over 60 other AGMs). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here:

Sorry for the delay and access restrictions on the report, but it's taken me a lot of time & work to put together & I hope readers will find it worthwhile.

Cheers,

Mark

[piedro] 31/5/2012 20:25

Expanded Panama Canal:
By John Padgett (taken from Maritime Professional magazine's 2Q 2012 edition)Thursday, May 31, 2012, 8:10 AM
A Bang or Whimper for Supply Chains.

[davebowler] 30/5/2012 12:51

GBP 10.50p is the full price!

[strollingmolby] 30/5/2012 11:58

Wish I could buy more shares at 10.5p as well !

30 May 2012

Ocean Wilsons Holdings Limited

DIRECTOR'S INTERESTS

Ocean Wilsons Holdings Limited announces that it has received notification of the following transaction relating to ordinary shares in the Company ("Ordinary Shares") which took place on 29 May 2012:

Mr Chris Townsend a Director of Ocean Wilsons Holdings Limited purchased 2,500 shares at GBP 10.50p per Ordinary Share

Following this transaction, Mr. Chris Townsend's total beneficial holding in the Company is 23,208 Ordinary Shares, representing approximately 0.066 per cent. of the Company's issued Ordinary Share Capital.

The notification of these transactions is to satisfy the Company's obligations under the Financial Services Authority Disclosure and Transparency Rules 3.1.2 to 3.1.4.

[piedro] 02/5/2012 20:27

This company is all about shipping, the rest is a lost cause ... IMO
and ...

Offshore support vessel sector wary of overcrowding
26 April 12
The Business Times by Lynn Kan
THE offshore support vessel (OSV) segment - touted as the bright spot where other traditional shipping markets are suffering - may entice tanker and bulk-carrier operators to jump ship.
However, OSV operators and owners are wary of such a crossover, and warn that if the sector gets more crowded, it may derail a recovery in charter rates that is expected to come about in two to three years' time. .... ....
Offshore support vessel sector wary of overcrowding

[piedro] 13/4/2012 10:25

sorry for o/t
Artist's impression of the new PSVs

[flyfisher] 22/2/2012 12:55

The full year figures are about a month away and with the wson11 share price having recovered strongly a current sum of the parts valuation for OCN is about £17.50 .

[piedro] 01/2/2012 19:09

Capital expenditure - [Planned]
•US$247m - Tecon Salvador and Rio Grande expansion
•US$382m - 40 new tugboats
•US$842m - Offshore joint ventures
•US$47m - Guarujá II shipyard expansion
•US$155m - Rio Grande shipyard
.... + US$127 ...

[rambutan2] 01/2/2012 14:07

From the Hansa IMS of yesterday...

Ocean Wilsons Holdings Limited - (Market Cap. £371.3m: 40.0% of NAV: Performance -23.0%) is a Bermuda based investment company and through its subsidiary operates as a maritime services company in Brazil. The company is listed on both the Bermuda Stock Exchange and the London Stock Exchange and has two principal subsidiaries. Wilson Sons Limited (58.25% owned), is an autonomous Bermuda company listed on the Sao Paulo Stock Exchange and Luxembourg Stock Exchange. Wilson Sons is one of the largest providers of maritime services in Brazil, with activities including harbour and ocean towage, container terminal operations, offshore support services, logistics, small vessel construction and ship agency. Ocean Wilsons Investments Limited (wholly owned) is a Bermuda investment company, holding a portfolio of international investments managed by Hanseatic Asset Management LBG, a Guernsey registered and regulated investment manager.

Over the next six years Wilson Sons Limited expects to invest over US$1.8bn, not including acquisitions, US$0.84bn in Offshore Support Services, the balance in Towage and Shipyards, as both will also benefit from offshore E&P activities. Brasco (wholly owned) has signed a contract for the acquisition of Briclog for R$125m. Briclog is located in the city of Rio de Janeiro and has been providing port services to the oil and gas industry since 2004. On the operational front, the legal action that temporarily halted the construction of the extension of the Guaraja shipyard has been satisfactorily resolved and the company has recently been granted an environmental licence to proceed with the construction of a much larger shipyard at Rio Grande, which will focus on building offshore support vessels to service oil and gas platforms. The expansion of the Company's naval construction capacity will facilitate the strategy of building vessels to meet the demand driven by the growth in the offshore oil and gas industry in Brazil. On the economic front, the recent strengthening of the US$ against the Real will ease some of the cost pressures on Wilson Sons which has revenues in US$ and costs in R$, while the strengthening of the US$ against Sterling increases the translational value of the underlying assets.

[piedro] 20/1/2012 09:46

Invest in Brazil ...

Agribusiness exports surpass US$ 87 billion
The accumulated value from January to November 2011 is 24% higher than the same period last year. Brazilian agribusiness exports registered a new record. With the release of the November figures for the agribusiness trade balance this Friday, December 9, the Ministry of Agriculture, Livestock and Supply (MAPA) exceeds the forecast for the close of this year, which was US$ 85 billion. According to the survey, the cumulative value from January to November 2011 is US$ 87.57 billion, 24.4% higher than the same period in 2010.
The increase is mainly due to a rise in average export price .... ....


... good for the shipping business ...

[flyfisher] 20/1/2012 09:17

piedro ,if so , what should they do with the proceeds.

[piedro] 20/1/2012 09:08

Dilma sends message of optimism to the market about the economy in 2012
The President Dilma Rousseff addressed a message of optimism to the market for the next year. When speaking of the effects of the global crisis, Dilma said Brazil will be able to maintain a "very favorable" monetary policy and an "advantageous" credit situation.
"All our projects have matured and are reaching cruise speed in 2012. Economic stability and fiscal robustness will allow our monetary policy to remain very favorable to the country. Our credit situation is also extremely advantageous".
The President attributed the best moment of Brazil in relation to other countries to the international reserves and liquidity of Brazilian banks.
"Today, our country is capable of supporting this [crisis] not only because we have US$ 350 billion [of international reserves], but also because we have a huge liquidity mattress deposited by the banking system with our Central Bank".
"Several countries are stagnant and we have a single challenge. We don't have to stop. We have to move forward, keep consuming, keep producing and I assure you that 2012 will be a year much better than 2011", said the President, in a ceremony in Rio Grande do Sul.
15 December 2011


... it is time that OCN realize that Wilson Sons is a stable growth investment and sell the Investment Portfolio - IMHO

[piedro] 16/12/2011 10:16

VESSEL CONSTRUCTION CONTRACT FOR FUGRO
Wilson Sons Limited ("Company") announces to all its shareholders that its wholly-owned subsidiary Wilson Sons Estaleiros Ltda. ("Shipyard") has signed a contract for the construction of a Remotely-operated Vehicle Support Vessel ("ROVSV") for Fugro Brasil Serviços Submarinos e Levantamentos Ltda. ("Fugro Brasil"). The vessel estimated delivery date is February 2014. Fugro Brasil has an option to build a second vessel of similar type, with the option expiring in April 2012. Fugro Brasil is a Brazilian subsidiary of Dutch-based Fugro group of companies.
A ROVSV is an offshore support vessel that is equipped with remotely-operated subsea equipment to perform a wide variety of underwater tasks, including construction and inspection of subsea structures. The vessel will be 83 meters long and 18 meters wide, and will have diesel-electric propulsion system, with technological and design input from Damen.
This contract is a milestone in the development of Wilson, Sons' shipbuilding capacity and it reinforces the Company's strategy to take advantage of the demand driven by the growth in the Brazilian oil and gas industry. According to the latest Petrobras strategic plan, 280 new offshore support vessels will be demanded by 2020 to fulfill their needs for exploration and production of pre-salt and post-salt reserves.
With current processing capacity of 4,500 tons of steel per year, the Wilson, Sons Guarujá (SP) shipyard has built 35 vessels since 2004, being 25 tugboats and 10 PSVs. The construction of the shipyard in Rio Grande (RS), combined with the expansion of the shipyard in Guarujá, will increase our shipbuilding capacity fivefold, reaching 23,000 tons of steel per year by mid-2014, providing us with even more flexibility in building vessels for our own fleet and for third parties.
To watch 3D model movies of the Wilson, Sons Rio Grande and Guarujá II shipyards and christening ceremonies of tugboats and Platform Supply Vessels (PSVs), please click here:

.... new technology ...

[piedro] 14/11/2011 12:07

Wilson, Sons Q3 2011 Results
Wilson, Sons delivers record revenues and EBITDA in 9M11
High volumes as demand backdrop continues to look solid After a strong first half, growth remains in the 3rd quarter Large FX fluctuations in the quarter negatively impacted Net Income
Cezar Baião,CEO of Operations in Brazil
"Q3 was another solid quarter for Wilson, Sons and operational results for 9M11 improved across all businesses. A highly unstable economic environment produced considerable and abrupt currency fluctuations in the quarter, which significantly impacted our bottom line.
We believe the Company's operational performance has been in line with our expectations but we are watching very closely the growing uncertainty in the global economy. Our main growth drivers in Brazil - international trade flow, oil & gas, and domestic economy - continue to show support for our long-term business strategy.
We remain confident that the underlying fundamentals of our business model are robust, and we take this opportunity to reaffirm the Wilson, Sons management team' commitment to creating and sustaining value for all of our stakeholders."

[piedro] 11/11/2011 13:29

wilson, sons announces 3q11 earnings schedule
Wilson Sons Limited, that through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics and supply chain solutions, announces its schedule of earnings activities for 3Q11 results.
3Q11 Earnings Results
November 11, 2011 (Friday) - after the close of trading on the BM&FBovespa
Information will be available at WS Investor Relations website at: www.wilsonsons.com.br/ir
Conference Calls
November 17, 2011, Thursday
English - 9 am (EST) / 12 pm (Brasilia) / 2 pm (GMT)
Webcast:
Dial-in access: [phone]
Portuguese - 7 am (US EST) / 10 am (Brasilia) / 12 pm (GMT)
Webcast:
Dial-in access: [phone]
Link to live audio, slide broadcast, and replay available online at: www.wilsonsons.com.br/ir

[piedro] 11/10/2011 13:27

from the interims ..
- Currently, the company has 3 tugboats in different stages of construction at our shipyard in Guarujá - Wezen, Alphard, and Octans.

Tugboat WEZEN launched
(on the map ... here today ... gone tomorrow)

[marknicho] 09/10/2011 22:06

Piedro - thanks.

[piedro] 30/9/2011 13:05

Wilson Sons capex program - past (2008-10) and planned (2011-17)





If all goes according to plan, then the OCN investment portfolio will become insignificant compared to the ±£1.12b planned capex for 2011-17.

Notable is the offshore investment of ±£550m in support of Brazil's plan to increase Pre-salt oil&gas production from today's 1 mboepd to 6 mboepd by 2020.

... and they have just discovered more ... in the Lula field (now producing) - FPSO (Ciudade ...) > Mexilhäo > .....