DOCSLIB.ORG

EUKOR Car Carriers Inc

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
EUKOR Car Carriers Inc Presentation 11 February 2003 ProfitProfit && lossloss statementstatement MUSD 1.10-31.12 1.10-31.12 2002 2001 2002 2001 Gross revenue 321 206 1,024 817 EBITDA 55 26 169 146 Depreciation/write-downs (32) (20) (90) (79) EBIT 23 6 79 67 Net financial items 2 (4) (19) (36) Pre-tax profit 25 2 60 31 Taxes (4) 1 (6) (4) Net Profit 21 3 54 27 Of which minority interests 3 EBITEBIT variancevariance analysisanalysis MUSD 2002 2001 EBIT 79 67 Sales gains (32) (3) Goodwill write off 6 Riga terminal write off 2 Restructuring Car&Liner 5 3 Container contribution/exit 5 1 Offshore Heavy Transport (8) Tanker (5) Adjusted EBIT 65 55 New and ongoing activities 2002- substantial EBIT improvement ProfitProfit && lossloss statementstatement MUSD 1.10-31.12 1.10-31.12 2002 2001 2002 2001 Gross revenue 321 206 1 024 817 EBITDA 55 26 169 146 Depreciation/write-downs (32) (20) (90) (79) EBIT 23 6 79 67 Net financial items 2 (4) (19) (36) Pre-tax profit 25 2 60 31 Taxes (4) 1 (6) (4) Net Profit 21 3 54 27 Of which minority interests 3 NetNet financialfinancial itemsitems MUSD 2002 2001 Affiliated companies 11 7 Interest income 6 7 Investment management (12) (1) Agio/disagio 10 (4) Interest expenses (31) (44) Other financial items (3) (1) Total (19) (36) EBITDAEBITDA // PrePre--taxtax profitprofit MUSD 60 50 40 30 EBITDA Pre-tax profit 20 10 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2001 2001 2001 2001 2002 2002 2002 2002 EarningsEarnings perper shareshare 2.5 2 1.5 USD Full year 1 0.5 0 1998 1999 2000 2001 2002 CashCash flowflow perper shareshare 7 6 5 4 USD Full Year 3 2 1 0 2000 2001 2002 Balance sheet MUSD 31.12.2002 31.12.2001 Assets Fixed assets 1,075 932 Current assets 544 359 Total assets 1,619 1,291 Equity and liabilities Equity 509 469 Long-term liabilities 826 668 Short-term liabilities 284 154 Total equity and liabilities 1,619 1,291 LinerLiner andand carcar carrierscarriers Q402 Q401MUSD 2002 2001 287 171 Gross revenue 907 674 55 26 EBITDA 164 122 (28) (15) Depreciation (78) (62) 27 11 EBIT 86 60 (8) (8) Net financials (26) (38) 19 3 Pre-tax profit 60 22 (3) Taxes (8) (4) 16 3 Net profit 52 18 LinerLiner andand carcar carrierscarriers MUSD 60 300 50 250 40 200 30 150 20 100 10 50 - - Q100 Q200 Q300 Q400 Q101 Q201 Q301 Q401 Q102 Q202 Q302 Q402 EBITDA Net profit Gross revenue (right axis) BarwilBarwil Q402 Q401MUSD 2002 2001 23 14 Gross revenue 70 63 2 - EBITDA 4 4 (4) (2) Depreciation (7) (5) (2) (2) EBIT (3) (1) 1 3 Net financials 7 9 (1) 1 Pre-tax profit 4 8 Taxes (1) (1) (1) 1 Net profit 3 7 BarwilBarwil MUSD 5 25 4 20 3 15 2 1 10 0 Q100 Q200 Q300 Q400 Q101 Q201 Q301 Q401 Q102 Q202 Q302 Q402 5 -1 -2 0 Net profit Gross revenue (right axis) BarberBarber InternationalInternational Q402 Q401MUSD 2002 2001 9 8 Gross revenue 34 30 1 1 EBITDA 6 6 - - Depreciation (1) (1) 1 1 EBIT 5 5 - - Net financials 1 1 1 1 Pre-tax profit 6 6 Taxes 1 1 Net profit 6 6 BarberBarber InternationalInternational MUSD 5.0 10 4.5 9 4.0 8 3.5 7 3.0 6 2.5 5 2.0 4 1.5 3 1.0 2 0.5 1 0.0 0 Q100 Q200 Q300 Q400 Q101 Q201 Q301 Q401 Q102 Q202 Q302 Q402 EBITDA Net profit Gross revenue (right axis) OtherOther // HoldingHolding 2002 Heavy MUSD Corporate Transport Tank Total EBIT (13.1) 4.5 (8.6) Net financials (4.6) 4.4 - (0.2) Net Income (15.5) 4.4 4.5 (6.6) Minorities - - 2001 Heavy MUSD Corporate Transport Tank Total EBIT (10.1) 7.8 5.5 3.2 Net financials (5.0) (2.3) (0.8) (8.1) Net Income (14.0) 5.4 4.7 (3.9) Minorities - 2.6 2.6 Dividend proposal 2002 6.00 60% 5.00 50% 4.00 40% 3.00 30% 2.00 20% Utdelingsforhold Utbytte pr. aksje (NOK) 1.00 10% - 0% 1998 1999 2000 2001 Utbytte Utbytte/Res. pr. Aksje Dividend proposal 2002 Dividend: NOK 5.50 pr. share Direct return: 5.3% ( =7.3% pre-tax) compared to Yield on Bonds : 3.9% (= 5.4% pre-tax) Limited downside: Market value/BV Equity = 70% (Rebate 30%) • Excess values to Book Values • Strong historical Cash Flow Presentation 11 February 2003 Konsernsjefen kommenterer EUKOR Car Carriers Inc. (HMM CCD) Bil- og RoRo markedene New service Asia - Middle East TRICOLOR EUKOR Car Carriers Inc. 1. Background 2. Milestones 3. Objectives 4. Transaction structure 5. Business model 6. Key figures 7. Financing 8. Accounting 9. Risk profile 10. Management EUKOR Car Carriers Inc. (HMM CCD) Background Ocean Vehicle Carrier Market Global Volume of Global Fleet Vehicles Handled Others WalleniusWallenius OthersOthers WalleniusWallenius Others 10% Wilhelmsen 7%7% WilhelmsenWilhelmsen Grimaldi 10% Wilhelmsen HUALHUAL Grimaldi Lines LinesLines 4% Lines 8%8% 4% 16% 20%20% 16% HUALHUAL KawasakiKawasaki 8%8% HyundaiHyundai KisenKisen MerchantMerchant KaishaKaisha MarineMarine 15% 15% HyundaiHyundai 15%15% MerchantMerchant Kawasaki MarineMarine Kawasaki 12%12% KisenKisen Kaisha Kaisha 13%13% Mitsui O.S.K. NYKNYK Mitsui O.S.K. Mitsui O.S.K. 18% NYKNYK Mitsui O.S.K. 20%20% 18% 14% 20%20% 14% Source: SSB research. Background Global Vehicle Production and Shipments 65,000 Global vehicle production(left hand scale) 10,000 Deep sea shipments(right hand scale) 60,000 9,200 55,000 8,400 50,000 7,600 45,000 6,800 1000 UNITS 40,000 6,000 35,000 5,200 30,000 4,400 81 84 87 90 93 96 99 02 05 Source: Wallenius Wilhelmsen Lines. Source: Wallenius Wilhelmsen Lines. Stable correlation between: - Vehicle production & Vehicle shipments Despite industry trend of : - Consolidation & Transplant production This trend led to fragmentation of global shipping patterns – requiring shipping companies to become global in order to maintain profitability Milestones January 02 - Approached by HMM - Meetings Stockholm, London, Singapore and Hong Kong February 02 - MOU signed with HMM March 02 - Due Diligence May 02 - LOI signed with HMC / Kia August 02 - OCC & Shareholders agreement signed October 02 - Loan agreements signed November 02 - EU approval December 02 - Closing Objectives Creation of the largest player in the vehicle carrier market - Wallenius and Wilhemsen will control 130 vessels (30% of the global fleet) Expanded presence in Asian market to complement established businesses of Wallenius and Wilhelmsen Strategic cargo base in a key auto manufacturing production area Stable, predictable revenue stream for EUKOR under 7-year OCC Potential synergies between WWL and EUKOR HMC/KMC: quality clients with fast growing export sales Transaction Structure ‘) Any amounts raised above US$ 500 Mill. In Tranche B will reduce the Seller’s Note accordingly. Transaction Structure 5 year exclusive contract (“Initial Term”) - HMC/KMC shall purchase from EUKOR transportation services for 100% of the total volume of Vehicles transported to their market of sale by ocean vessels Additional 2 years (“Extended Term”) right to transport 80% of vehicles - Within overall 80% ceiling, EUKOR to carry 100% of volume to Europe and East Coast North America Right of First Refusal for the following 2 years (8th and 9th years) for a significant majority of HMC/KMC’s export volume Timely, mutual exchange of production and sailing schedule information between carrier and producer Fixed rates during the contract period (i.e., 7 years) - Subject to good faith negotiation to adjust by mutual agreement the freight rates in case of significant impact to the cost of EUKOR in performing the transportation service to HMC/KMC Business Model Single customer concentration HMC / KMC accounted for 77% of ’01 revenues Risk mitigated by long term contract Lean operation Focused on customer service and efficient fleet planning Low overhead Low capital intensity Rely on medium to long term chartering of vessels New ships / space can be chartered in, limit new building Limited “leakages” from cash flow EBITDA already net of charter payments Limited incremental working capital needs Business Model 1997 1998 1999 2000 2001 2002(1) Number of Vessels Own 25 27 23 21 21 11 BBC 5 7 7 9 T/C 18 19 31 38 44 56 Total 43 46 59 66 72 76 Contracts Expiring / Year 14 12 10 8 BBC T/C 6 4 2 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Key Figures Cars transported (CEU) ~ 2 million Revenue ~ USD 1.000 Mill. EBITDA ~ USD 200 Mill. EBITDA Margin ~ 20% EV / EBITDA ~ 6.5 IRR (Book value equity) ~ 9% IRR (Terminal value) ~ 19% Financing Tenor Average life Lenders Amount Tranche A 3 years 2 years Offshore USD 300 mill. Tranche B 6 years 5 years Onshore USD 650 mill. Equity USD 300 mill. Purchase price USD 1.250 mill. Tranche C 1-3 years On-&Offshore USD 1.000 mill. Accounting Equity method (TS) – But not as Financial Income – “Result from Affiliated Companies” specified between Operating Result and Finance RISK Profile 1. Interest rate - N/A (Fixed) 2. Volumes - Minimal 3. Freight rates - Marginal 4. Bunker cost - High - USD 10/t ~ USD 7 mill. - Hedging in process Management CEO - Carl-Johan Hagman (ex. CEO Wallenius Lines) CFO - Steinar Forberg (ex. WW) Headquarters Seoul - 96 employees Local offices ROK - 10 employees Overseas offices - 32 employees Global Light Vehicle Sales 1000 VEHICLES 0 2 000 4 000 6 000 8 000 10 000 12 000 14 000 16 000 18 000 20 000 22 000 NAFTA W EUROPE E EU RO P E JAPAN 2001 2002 OTHER ASIA 2003 S/C AMERICA OCEANIA/S AFR OTHER WORLD Vehicle Production and Deep Sea Vehicle Shipments 62 500 10 000 Global vehicle production(left hand scale) 60 000 9 600 Deep sea shipments(right hand scale) 57 500 9 200 55 000 8 800 52 500 8 400 8 000 50 000 7 600 47 500 7 200 45 000 6 800 42 500 1000 UNITS 1000 6 400 40 000 6 000 37 500 5 600 35 000 5 200 32 500 4 800 30 000 4 400 27 500 4 000 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 Vehicle Shipment
Load more

Recommended publications
  • 012056 Original Page No
    nr-,....·- , "r(,· - WWLjEUKOR JOINT OPERATING AGREEMENT FMC AGREEMENT NO. _0_1_20_5_6__ A Cooperative Working Agreement Expiration Date: None WWLjEUKOR Joint Operating Agreement FMC Agreement No. 012056 Original Page No. i TABLE OF CONTENTS Article Page 1. NAME OF THE AGREEMENT 1 2. BACKGROUND AND PURPOSE OF THE AGREEMENT 1 3. PARTIES TO THE AGREEMENT 1 4. GEOGRAPHIC SCOPE OF THE AGREEMENT 2 5. AGREEMENT AUTHORITY 2 6. ADMINISTRATION AND DELEGATION OF AUTHORITY 7 7. MEMBERSHIP AND WITHDRAWAL 8 8. VOTING 8 9. DURATION AND TERMINATION 9 10. NOTICE 9 11. NON-ASSIGNMENT 9 12. ARBITRATION 9 WWL/EUKOR Joint Operating Agreement FMC Agreement No. 012056 Original Page No.1 ARTICLE 1: NAME OF THE AGREEMENT This Agreement shall be named the "WWL/EUKOR Joint Operating Agreement" (referred to herein as "Agreement"). ARTICLE 2: BACKGROUND AND PURPOSE OF THE AGREEMENT 2.1 Background. Wallenius Lines AB ("Wallenius")' either directly or through wholly-owned subsidiaries, owns 50% of WWL and 40% of EUKOR. Wilh. Wilhelmsen ASA ("Wilhelmsen"), either directly or through wholly-owned subsidiaries, owns 50% of WWL and 40% of EUKOR, such that there is substantial common ownership of WWL and EUKOR. By virtue of this substantial common ownership and the establishment of a permanent, single economic management of WWL and EUKOR (i.e., the Steering Committee referenced in Article 6.1 hereof), these two companies are considered a single economic entity for purposes of EU competition law. 2.2 Purpose. The purpose of this Agreement is to authorize two commonly owned operators of roll-on/roll-off ("RO I RO") vessels, WWL and EUKOR, to engage in operational and commercial cooperation in the U.S.
    [Show full text]
  • Hyundai Motor Company and Its Subsidiaries
    HYUNDAI MOTOR COMPANY AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 2017 AND 2016 ATTACHMENT: INDEPENDENT ACCOUNTANTS’ REVIEW REPORT HYUNDAI MOTOR COMPANY WorldReginfo - 91c5474f-85a7-4929-8628-024c7a780b17 Contents INDEPENDENT ACCOUNTANTS’ REVIEW REPORT ---------------------------------------------------- 1 CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENTS OF FINANCIAL POSITION ----------------------------------- 4 CONSOLIDATED STATEMENTS OF INCOME ------------------------------------------------------- 6 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME ---------------------------- 7 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY ------------------------------------ 8 CONSOLIDATED STATEMENTS OF CASH FLOWS ----------------------------------------------- 10 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ---------------------------------------- 12 WorldReginfo - 91c5474f-85a7-4929-8628-024c7a780b17 Deloitte Anjin LLC 9F., One IFC, 10, Gukjegeumyung-ro, Youngdeungpo-gu, Seoul 07326, Korea Tel: +82 (2) 6676 1000 Fax: +82 (2) 6674 2114 www.deloitteanjin.co.kr INDEPENDENT ACCOUNTANTS’ REVIEW REPORT English Translation of Independent Accountants’ Review Report Originally Issued in Korean on August 14, 2017 To the Shareholders and the Board of Directors of Hyundai Motor Company: We have reviewed the accompanying condensed consolidated financial statements of Hyundai Motor Company (the “Company”) and its subsidiaries. The condensed consolidated financial statements consist of the condensed
    [Show full text]
  • MOL AR08 E 前半.Indd
    MI T SUI O. S For further information, please contact: .K. LI Investor Relations Office Mitsui O.S.K. Lines NE 1-1, Toranomon 2-chome, Minato-ku, S Tokyo 105-8688, Japan Telephone: +81-3-3587-6224 Facsimile: +81-3-3587-7734 e-mail: [email protected] Annual Report 2008 URL: http://www.mol.co.jp/ The MOL ADVANCE Challenge Annual Report 2008 Year ended March 31, 2008 This annual report was printed entirely on FSC-certified paper with soy-based ink. Printed in Japan Shareholder Information BRASIL MARU by Capital: ¥65,350,351,028 Head office: 1-1, Toranomon 2-chome, Minato-ku, Tokyo 105-8688, Japan the Numbers Number of MOL employees: 892 In 2007, the Brasil Maru, one of the world’s largest iron ore carriers, Number of MOL Group employees: 9,626 began plying the route between Japan and Brazil. Her massive size has (The parent company and consolidated subsidiaries) changed the world of natural resource shipping. Take a closer look. Total number of shares authorized: 3,154,000,000 Number of shares issued: 1,206,195,642 Number of shareholders: 102,316 Shares listed in: Tokyo, Osaka, Nagoya, Fukuoka Share transfer agent: Mitsubishi UFJ Trust and Banking Corporation 4-5, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-8212, Japan Communications materials: Annual Report (English/Japanese) Investor Guidebook (English/Japanese) Market Information (English/Japanese) News Releases (English/Japanese) Web Site (English/Japanese) Quarterly Newsletter Open Sea (English/Web Site) Monthly Newsletter Unabara (Japanese) Environmental and Social Report (English/Japanese) As of March 31, 2008 Stock price range (Tokyo Stock Exchange) and volume of stock trade Fiscal 2005 High Fiscal 2006 High Fiscal 2007 High (¥) ¥1,094 ¥1,443 ¥2,020 2,000 Low ¥611 Low ¥723 Low ¥1,077 1,800 1,600 1,400 1,200 1,000 (Million shares) 800 400 Width: 600 300 400 200 200 100 meters 0 0 05 06 07 08 The same width as /4 5 6 7 8 9 10 11 12 /1 2 3 4 5 6 7 8 9 10 11 12 /1 2 3 4 5 6 7 8 9 10 11 12 /1 2 3 4 5 the wing span of a jumbo jet.
    [Show full text]
  • Wallenius Wilhelmsen Company Presentation
    Wallenius Wilhelmsen Bond investor presentation August 2020 Sustainable logistics for a world in motion Disclaimer (I/III) This presentation (the “Presentation”) has been prepared by Wallenius Wilhelmsen ASA (“Wallenius Wilhelmsen ASA” or the “Company” and together with its subsidiaries the “Group”) with assistance of Danske Bank, Norwegian Branch, DNB Markets, a part of DNB Bank ASA, Nordea Bank Abp, filial i Norge, Skandinaviska Enskilda Banken AB (publ) and Swedbank Norge, Branch of Swedbank AB (publ) (the “Managers”) solely for use in connection with the offering of unsecured bonds (the “Bonds”) by the Company (the “Offering”). By attending a meeting where this Presentation is made, or by reading the Presentation slides, you agree to be bound by the following terms, conditions and limitations. Any failure to comply with the restrictions set out herein may constitute a violation of applicable securities laws or may result in civil, administrative or criminal liabilities. Neither this Presentation nor the Bonds have been reviewed, approved or disapproved by or registered with any public or regulatory authority or stock exchange and this Presentation does not constitute a prospectus or an offering memorandum. Any representation to the contrary is a criminal offence. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. The Managers have not independently verified any of the information contained herein through due diligence procedures or other investigations. None of the Company, the Managers or any of their respective parent, subsidiary or affiliate undertakings or any such person’s officers or employees, makes any representation or warranty of any sort as to the accuracy or completeness of the information contained in this Presentation or the reasonableness of the assumptions on which any such information is based.
    [Show full text]
  • In Re Vehicle Carrier Services Antitrust Litigation Complaint
    Case 2:13-cv-03306-ES-JAD Document 197 Filed 10/06/14 Page 1 of 130 PageID: 1998 UNITED STATES DISTRICT COURT THE DISTRICT OF NEW JERSEY NEWARK VICINAGE Master Docket No. 13-cv-3306 (ES) IN RE: VEHICLE CARRIER (JAD) SERVICES (MDL No. 2471) ANTITRUST LITIGATION CONSOLIDATED SECOND THIS DOCUMENT RELATES TO: AMENDED CLASS ACTION COMPLAINT All Automobile Dealer Actions JURY TRIAL DEMANDED Case 2:13-cv-03306-ES-JAD Document 197 Filed 10/06/14 Page 2 of 130 PageID: 1999 TABLE OF CONTENTS I. NATURE OF ACTION ................................................................................... 1 II. JURISDICTION AND VENUE ...................................................................... 5 III. PARTIES ......................................................................................................... 9 A. PLAINTIFFS ............................................................................................. 9 B. DEFENDANTS ........................................................................................ 15 IV. AGENTS AND CO-CONSPIRATORS ........................................................ 22 V. FACTUAL ALLEGATIONS ........................................................................ 22 A. THE VEHICLE CARRIER INDUSTRY ....................................................... 22 B. THE MARKET STRUCTURE AND CHARACTERISTICS SUPPORT THE EXISTENCE OF A CONSPIRACY .............................................................. 28 C. WITNESSES CONFIRMED EVIDENCE OF COLLUSION IN THE VEHICLE CARRIER SERVICES MARKET ................................................
    [Show full text]
  • Annual Report 2016
    ANNUAL REPORT 2016 WILH. WILHELMSEN ASA KEY FIGURES ACCOUNTS AND NOTES 006 — Key figures consolidated accounts 026 — Wilh. Wilhelmsen ASA group 026 — Income statement 026 — Comprehensive income CONTENT DIRECTORS’ REPORT 027 — Balance sheet 010 — Strategic position 028 — Cash flow statement 010 — Summary of 2016 029 — Statement of changes in equity 011 — Annual group accounts – equity figures 030 — Accounting policies 011 — Going concern assumption 035 — Notes 011 — Capital and finance Debt 070 — Wilh. Wilhelmsen ASA parent company Interest rate 070 — Income statement Foreign exchange 070 — Comprehensive income Bunkers 071 — Balance sheet Liquidity 072 — Cash flow statement Equity 074 — Notes Dividend 090 — Auditor’s report 013 — Tax 095 — Responsibility statement 013 — Allocation of profit 013 — Annual group accounts – proportionate figures 013 — The shipping segment CORPORATE GOVERNANCE 014 — The logistics segment 098 — Corporate governance report 015 — WWASA’s tonnage position World car carrying tonnage 016 — Sustainability reporting CORPORATE STRUCTURE Corporate governance 112 — Shipping segment Sustainability reporting 113 — Logistics segment Focus areas and achievements in 2016 113 — Holding segment Ambitions for 2016 114 — Fleet list Workforce, including nondiscrimination measures Working environment and occupational health Compensation and benefits Competence development The natural environment Port state controls Stakeholder engagement 020 — Internal control and risk management Main risk factors 021 — Prospects 1953 CREW In the fifties, liner ships needed a crew of more than 50 people to operate. Today, our largest roro vessels are maintained and run by less than 30 crew members. KEY FIGURES KEY 1970 CARGO In 1970, the bulk/car carrier Troll Forest could load up to 2 000 cars. Today, our largest vessels can carry up to 8 500 cars.
    [Show full text]
  • View Annual Report
    Mitsui O S K Lines Annual Report 2003 Annual Report 2003 Year ended March 31, 2003 What?How? When? Why?Where? Who? Contents 1 Financial Highlights 2 To Our Shareholders The MOL Group will continue to cut costs, hone its competitive edge and grow in core business sectors. Through these actions, we believe that the March 2004 goals of MOL next are within our reach. The Answers 6 What? 8 Liner results were impacted by low freight rates during much of fiscal 2002, but this business How? is now positioned to stage a strong recovery. MOL regards liners as one of its most promising businesses in terms of the 12 potential for sustained, long-term growth. 10 When? During the management plan that will follow MOL next, energy-related shipping will be an 14 even greater source of earnings. Where?In car carriers, dry bulk and other market sectors, MOL is taking steps Why? to tap opportunities created by A financial strategy that emphasizes expansion of the Chinese economy. 16 streamlining the balance sheet is making a major contribution to improving the Who? An explanation of MOL’s corporate MOL Group’s profitability. governance system, including the roles of 18 Executive Officers directors and corporate auditors. 19 Review of Operations Summary of Consolidated Results 20 These pages present a summary of operating results in each consolidated business segment. Overseas Shipping 22 A profile covering the individual components of MOL’s largest consolidated business segment and revenue composition. 30 Consolidated Balance Sheets 32 Consolidated Statements of Income MOL in the Industry 24 Tables in this section present MOL’s ranking in the global 33 Consolidated Statements of Shareholders’ Equity shipping industry in terms of its fleet size and composition.
    [Show full text]
  • The Marine Exchange P.O
    09/09/2016 12:29 THE MARINE EXCHANGE P.O. BOX 1949, SAN PEDRO, CA 90733 - PHONE (310) 832-6411 State Board Of Equalization Report Additional Ports REPRODUCTION OR PUBLICATION OF THIS REPORT IS PROHIBITED WITHOUT EXPRESS WRITTEN PERMISSION OF THE MARINE EXCHANGE Vessel Name LLoyds # Time Type Operator Agent From For Port: El Segundo Thursday, 09/08/2016 CASTOR VOYAGER 9330599 1130 TCR Chevron Shipping Co. GAC Shipping (USA) Long Beach, USA San Francisco, USA LLC Saturday, 09/10/2016 PEGASUS VOYAGER 9665736 0700 TCR Chevron Shipping Co. GAC Shipping (USA) Sea (PAL) San Francisco, USA LLC RIO GRANDE 9593438 0800 TCR Diamond GAC Shipping (USA) Pt. Armuelles, PAN San Francisco, USA Sunday, 09/11/2016 FLORIDA VOYAGER 9118630 0600 TPD Chevron Shipping Co. GAC Shipping (USA) San Francisco, USA Los Angeles, USA LLC Port: Hueneme Thursday, 09/08/2016 JUPITER SPIRIT 9509401 0509 MVE Mitsui Bulkship Norton Lilly Int'l Hitachi, JPN Los Angeles, USA TOMAR 9375264 1651 MVE Wallenius Wilhelmsen Wilhelmsen Ships Manzanillo, PAN Tacoma, USA Logistics Service, as agents Friday, 09/09/2016 ASIAN VISION 9122966 0511 MVE Eukor Wilhelmsen Ships Benicia, USA San Diego, USA Service, as agents Sunday, 09/11/2016 STAR PRIDE 9517915 0800 GRF Del Monte General SS Long Beach, USA Bolivar, ECU Monday, 09/12/2016 MORNING CELINE 9519133 0530 MVE Eukor Wilhelmsen Ships Ulsan, KOR Tacoma, USA Service, as agents Tuesday, 09/13/2016 DALIAN HIGHWAY 9565560 0500 MVE K Line K-Line America Charleston, USA Yokohama, JPN SEALAND BALBOA 9376012 0600 UCC SeaLand Shipping Line Norton Lilly Int'l Lazaro Cardenas, MEX Los Angeles, USA Wednesday, 09/14/2016 JUPITER LEADER 9402756 0500 MVE NYK Car (RoRo) ISS/NYK Bulkship Southampton, DEU San Diego, USA Thursday, 09/15/2016 BALTIC HIGHWAY 9243461 0500 MVE K Line K-Line America San Diego, USA Richmond, USA Tuesday, 09/20/2016 EUPHRATES HIGHWAY 9604926 0500 MVE K Line K-Line America Charleston, USA Yokohama, JPN 09/09/2016 12:29 THE MARINE EXCHANGE P.O.
    [Show full text]
  • Charleston Carrier Services January 2021
    Charleston Carrier Services January 2021 Avg Trade Term Rotation Alliance Service Participating Carriers # TEU Canal FI LO Route Size North Antwerp / Rotterdam / Bremerhaven / Norfolk / CHARLESTON / Houston / NC 2 M TA1 / NEUATL1 Maersk / MSC -- Safmarine 5 4,820 Europe Norfolk / Antwerp Africa / NY/NJ / Philadelphia / Norfolk / Baltimore / CHARLESTON / Freeport / Port Maersk / MSC -- Hamburg Sud / NC 2 M AMEX 9 2,564 X Carib Elizabeth / Durban / Cape Town / NY/NJ Safmarine Gioia Tauro / Naples / Leghorn / Genoa / Valencia / Algeciras / Sines / NY/NJ / NC Med 2 M MEDUSEC / TA5 Maersk / MSC -- Safmarine 7 8,057 X Baltimore / Norfolk / Savannah / CHARLESTON / Tanger / Valencia / Gioia Tauro North Antwerp / Hamburg / London Gateway / CHARLESTON / Port Everglades / Hapag Lloyd / ONE / Yang Ming -- NC THE AL3 6 3,381 X Europe Houston / Savannah / Norfolk / Antwerp ACL North Le Havre / Antwerp / Rotterdam / Bremerhaven / CHARLESTON / Miami / Victory Bridge / EAG / CMA CGM / COSCO / OOCL / NC OCEAN 7 5,604 X Europe Veracruz / Altamira / Houston / New Orleans / Le Havre EUG / ATG1 Evergreen Algeciras / Port Said / Djibouti / Salalah / Jebel Ali / Port Qasim / Pipavav / ISC / Mid NC Mumbai / Salalah / Algeciras / NY/NJ / CHARLESTON / Savannnah / Houston / MECL Maersk -- Safmarine / Sealand 13 6,363 SZ East Norfolk / NY/NJ / Algeciras NY/NJ / Norfolk / Baltimore / CHARLESTON / Savannah / Port Everglades / NC ECSA Caucedo / Santos / Buenos Aires / Montevideo / Rio Grande BR / Navegantes / SAEC String 1 MSC -- Zim 9 6,048 Paranagua / Santos / Rio
    [Show full text]
  • Wallenius Wilhelmsen ASA Registration Document
    Wallenius Wilhelmsen ASA Registration Document Joint Lead Managers: Oslo, 17 November 2020 Wallenius Wilhelmsen, prospectus of 17 November 2020 Registration Document Important information The Registration Document is based on sources such as annual reports and publicly available information and forward-looking information based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for the Company's (including its subsidiaries and affiliates) lines of business. A prospective investor should consider carefully the factors set forth in chapter 1 Risk factors, and elsewhere in the Prospectus, and should consult his or her own expert advisers as to the suitability of an investment in the bonds. IMPORTANT – EEA RETAIL INVESTORS - If the Securities Note in respect of any bonds includes a legend titled "Prohibition of Sales to EEA Retail Investors", the bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (‘EEA’) or in the United Kingdom (the “UK”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of the Markets in Financial Instruments Directive II (‘MiFID II’); (ii) a customer within the meaning of Directive 2002/92/EC (as amended or superseded, the "Insurance Mediation Directive"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Directive.
    [Show full text]
  • Annual Report - 2018
    Wallenius Wilhelmsen - Annual report - 2018 This PDF is generated from Wallenius Wilhelmsen annual report 2018 website. 1 Wallenius Wilhelmsen - Annual report - 2018 Wallenius Wilhelmsen in brief About us Wallenius Wilhelmsen is a market leader in RoRo shipping and vehicle logistics, transporting cars, trucks, rolling equipment and breakbulk around the world. The Wallenius Wilhelmsen group (OEX: WALWIL) has 9500 employees in 29 countries and is headquartered in Oslo, Norway. The group consists of Wallenius Wilhelmsen Ocean, Wallenius Wilhelmsen Solutions, EUKOR and ARC. Total income was USD 4.1 billion for the full year of 2018. Wallenius Wilhelmsen operates around 130 vessels servicing 15 trade routes to six continents, together with a global inland distribution network, 120 processing centres, and 11 marine terminals. The company has a strong sustainability focus and is an industry leader in developing innovative solutions to reduce its operational impacts. The world will keep surprising us, and Wallenius Wilhelmsen will take an active role in defining the future of logistics, imagining new, more sustainable solutions for the changing world of mobility and transport on land and sea. This PDF is generated from Wallenius Wilhelmsen annual report 2018 website. This PDF is generated from Wallenius Wilhelmsen annual report 2018 website. 2 WalleniusWallenius Wilhelmsen Wilhelmsen - Annual report in- 2018 brief Wallenius Wilhelmsen in brief By the numbers This PDF is generated from Wallenius Wilhelmsen annual report 2017 website. This PDF is generated from Wallenius Wilhelmsen annual report 2018 website. 3 Wallenius Wilhelmsen - Annual report - 2018 Wallenius Wilhelmsen in brief This PDF is generated from Wallenius Wilhelmsen annual report 2018 website.
    [Show full text]
  • Wallenius Wilhelmsen Logistics ASA Registration Document
    Wallenius Wilhelmsen Logistics ASA Registration Document Oslo, 11 January 2018 Prepared according to Commission Regulation (EC) No 809/2004 - Annex IV Wallenius Wilhelmsen Logistics ASA - 11 January 2018 Registration Document Important information The Registration Document is based on sources such as annual reports and publicly available information and forward looking information based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for the Company's (including subsidiaries and affiliates) lines of business. A prospective investor should consider carefully the factors set forth in chapter 1 Risk factors, and elsewhere in the Prospectus, and should consult his or her own expert advisers as to the suitability of an investment in the bonds. This Registration Document is subject to the general business terms of the Joint Lead Managers, available at their respective websites (www.danskebank.no, www.dnb.no, www.nordea.no and www.seb.no). The Joint Lead Managers and/or affiliated companies and/or officers, directors and employees may be a market maker or hold a position in any instrument or related instrument discussed in this Registration Document, and may perform or seek to perform financial advisory or banking services related to such instruments. The Joint Lead Managers’ corporate finance department may act as manager or co-manager for this Company in private and/or public placement and/or resale not publicly available or commonly known. Copies of this Registration Document are not being mailed or otherwise distributed or sent in or into or made available in the United States.
    [Show full text]