Singapore Firms Select ABS Systems
Singapore-based offshore marine services provider PACC Offshore Services Holdings Ltd (POSH) and the maritime logistics solutions provider Pacific Carriers Limited (PCL) have selected ABS Nautical Systems (NS) fleet management software to support their digitalization strategy.Both PCL and POSH are part of Kuok Singapore Limited (KSL) Maritime Group of companies, with competencies extending across offshore marine services, commercial shipping and marine engineering. Both POSH and PCL operate a combined fleet of 245 vessels including tankers, bulkers as well as offshore support vessels.The deal is for multiple NS modules to support the digitalization of workflows including fleet maintenance, purchasing and compliance.
AET Grows in Brazil
With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew, Global Director – Mid Size Tankers, Crude Shipping, about AET Tankers’ history and its operations in Brazil.AET (formerly American Eagle Tankers) was founded in Houston in 1994 primarily to conduct lightering operations in the Gulf of Mexico. The company’s fleet grew to 32 vessels (mainly Aframax tankers but also two VLCCs) by 2003, when acquired by MISC Berhad.
Pangaea Logistics Acquires Panamax Bulker
Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, announced that it has signed a memorandum of agreement to acquire the 2006 Imabari-built panamax M/V Madeleine for $14.2M to enhance the company's bulk fleet. This new vessel is set to be renamed and will be fully utilized in the Noranda trade, supporting Pangaea's continuous transportation capabilities to Noranda Alumina and Noranda Bauxite on a long-term contractual basis. The acquisition adds to Pangaea's fleet of panamax, ultramax and supramax ships used for supply chain logistics and shipping. "At Pangaea, we are constantly evaluating opportunities to enhance our capabilities…
MISC may Sell AET Tanker Holdings
MISC Bhd is selling AET Tanker Holdings Sdn Bhd, which owns a fleet of 74 crude oil and product tankers, to US-listed Teekay Tankers Ltd, reports local media. AET is a wholly-owned subsidiary of Malaysia's MISC Bhd. and a major global shipowner and operator with a fleet of around 80 tankers including 13 VLCCs, 48 Aframaxes and four Suezmaxes. MISC is a subsidiary of Malaysian energy conglomerate Petronas. “MISC is not in a position to comment on Teekay’s business plans,” the shipping company’s corporate communications arm responded when asked to verify news reported by Oslo-based shipping press Tradewinds. “It is difficult to quantify the disposal gain at this point of time without the actual acquisition price,” Kenanga Research said.
Brazil's Wilson Sons 2012 Profit Down Slightly
Wilson Sons Limited announces its results for the Fourth Quarter and full year 2012. Wilson Sons Limited, through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics solutions. Its principal operating activities are divided into the following lines of business: Port Terminals, Towage, Logistics, Shipping Agency, Offshore, and Shipyards. The Company's Net Revenues reached USD 645.3M, and EBITDA USD 151.5M for 2012, 7% lower than the previous year. The drop is mainly a result of the end of a temporary Petrobras operation with Brasco, as well as the discontinuation of dedicated operations in the logistics business. "We will remember 2012 as the year we concluded important projects which significantly improved capacity.
Brazil's Wilson Sons Report Strong Q3 2012 EBITDA
Port & maritime logistics services providers Wilson Sons Ltd. records record EBITDA of US$ 47.4-million in the third quarter of 2012. The Company recorded Net Revenues of USD 157.5-million and record EBITDA of USD 47.4-million in the third quarter of 2012. "This quarter results confirm the consistency and robustness of our business plan. Despite a period of macroeconomic uncertainty, the Company generated very strong operating cash flow" said Cezar Baiao, CEO of Operations in Brazil. The drop in revenues is mainly a result of the depreciation of the average BRL rate, as well as the end of a temporary Petrobras operation with Brasco, and discontinuation of dedicated operations in the logistics business.
