All GLG News Analyses Filed Under: Transportation

Diran MajarianManaging DirectorAmalia Tankers Inc

Berlian Laju taking its distance from Eitzen Chemical in the CECO Merger

October 25, 2009

Analysis of:Eitzen takeover a milestone for Asia | www.tradewinds.no

BLT plans to leave Eitzen Chemical as a separate entity and retain the previous management to run it. They will transfer Eitzen Chemical debt from the CECO holding company back to the subsidiary. As a deal prerequisite, CECO lenders must agree to waive all principal payments and loan covenants for a three-year period. Of the US$ 200 mio cash that BLT is required to inject in CECO, only US$ 50 mio will go to Eitzen Chemical. BLT will invest US$ 130 mio of these funds in Indonesian projects.

Addison SchonlandPartnerInnovation Analysis Group

JAL is playing poker

October 24, 2009

Analysis of:JAL faces $8.8 billion excess debt if liquidated: source | www.reuters.com

The airline is in trouble, with what you would think is a weak hand. But it is inscrutable and playing a weak really well.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Don't Panic. This Trucking Recovery May Be Two Steps Ahead, One Step Back

October 23, 2009

Analysis of:ATA Truck Tonnage Index Slipped 0.3 Percent in September | www.reuters.com

The American Trucking Associations' closely watched advanced seasonally adjusted for-hire Truck Tonnage Index fell 0.3 percent in September. This came after it increased 2.1 percent in both July and August.

Diran MajarianManaging DirectorAmalia Tankers Inc

Georgiopoulos gives thumbs up to dry bulk in an opportunistic play

October 23, 2009

Analysis of:Wall Street darling Georgiopoulos nears first shipping IPO since June 2008 | www.tradewinds.no

Peter Georgiopoulos is aiming for an opportunistic asset acquisition play thorough Genco's (GNK) new Baltic Trading, which could seek US$ 230 mio in its initial public offering (IPO) with a plan to purchase five to seven vessels by the end of 2010. He is betting on recovery in this sector, carefully sheltering his existing dry cargo company Genco and he is demanding top dollar for his participation and management in the new venture.

Diran MajarianManaging DirectorAmalia Tankers Inc

Innovative use of capital markets for Navios Maritime

October 23, 2009

Analysis of:Notes for Navios | www.tradewinds.no

Angeliki Frangou has been outperforming her Greek peers in innovative finance for her opportunistic expansion and aggressively picking up distressed assets in the dry cargo market. Her use of "mandatory convertible preferred shares" in the recent purchases of Capesize newbuildings lessens the leverage risks for Navios and avoids dilution. She succeeded in raising US$ 374 mio new equity for NMM at a minimum discount. Her US$ 375 bond issue to cover new buildings and debt is smart finance.

The Hard Road Ahead for a Budget Shipping Line

October 23, 2009

Analysis by: GLG Expert Contributor

Analysis of:Fredriksen confirms The Containership Company stake | www.lloydslist.com

This article looks at the rationale for starting a budget shipping line and finds little in common with that of a budget airline which is the presumed model. The article then goes on to suggest four steps for attaining low costs and ends in a plea for some brainpower to be applied to this industry. The main message is that you will not make money unless you are prepared to use the shipping cycle and buy/charter in ships when prices are low and sell/charter out ships when prices are high.

Improved Services Equals Greater Profit and Agility

October 21, 2009

Analysis by: GLG Expert Contributor

Analysis of:Report: Third Party (3PL) Party Logiistcs Market Improving | www.mmh.com

This Modern Materials Handling article reports on the improvement within vertical markets of market revenues. Data presented by Armstrong & Associates reflects optimism that 2010 will be positive.

LTL Marketplace for 2010

October 21, 2009

Analysis by: GLG Expert Contributor

Analysis of:LTL market remains in a state of flux | www.purchasing.com

The LTL market is undergoing a near perfect storm because of the economic problems, technology improvements and significant competition from the expert integrators, FedEx and UPS.Inventory levels have been pruned down and orders have increased providing a prognosis for increased growth. The bottom appears to have been hit and costs have been strongly cut.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Best is Yet to Come for C.H. Robinson

October 21, 2009

Analysis of:Weak Demand Hurts Shipper C.H. Robinson | www.google.com

C.H. Robinson, the leading third-party logistics provider at nearly $8 billion in revenue, posted $95.5 million in third-quarter net profit despite a 15.6 percent decline in revenue to $1.95 billion. Its core trucking business rose 2.1 percent as the nation's industrial base began its economic recovery, although its ocean shipping business was off nearly 22 percent and its intermodal revenue decline 30 percent, although it was a small percentage of its overall business.

British Airways States Alliance Case

October 20, 2009

Analysis by: GLG Expert Contributor

Analysis of:British Airways' CEO Warns Of Transatlantic 'Duopoly' | online.wsj.com

Comments by British Airways CEO Willie Walsh underscore the real threat to consumer choice – a duopoly by the Star and Skyteam Alliances – sanctioned by the very institutions that have stifled the oneworld alliance in the past.

Previous Page : 12345678910Next31 to 40 of 2398