There are many factors involved when shipping heavy machinery. A key factor is from where its being shipped and where it s going. Countries have different regulations for all types of machineries and at Interworld Freight we specialize in all export procedures of heavy construction, industrial and farm equipment from the United States and Canada to most international destinations. We ship Tractors, Bob Cats, Crawlers, Loaders, Fork Lifts, Excavators, John Deer, Bulldozers, motor grader, rough terrain cranes and any construction machinery that exists.
Shipping heavy machinery can be done in three different ways:
Break bulk: Roll on and roll off machine into the ship. Once this unit is loaded it s strapped and braced into the ship s deck.
Dismantle machine inside a container: Dismantle machine (very important we do not cut). Unit its unscrewed from the parts in order when it arrives at destination it will be easy to put back in place.
Out of gauge containers: Machine loaded into flat rack, it is secured and braced with a tarp on top in order for unit does not get ruined.
We also offer these units to be moved door to port. We have economical inland freight that is safe, secure and very efficient.
Due to these machines being very expensive we always recommend to insure all shipments on a door to door basis.
If you need any other information, please do not hesitate to contact us. It will be a pleasure to answer any questions.
Sankyu (Singapore) Pte Ltd is a Japanese Multi National companies recognized as one of the logistics industry with comprehensive services company offering fully integrated logistics solutions, International Freight Forwarding (Sea Freight, Air Freight), Warehouse & Distribution Service, Land Transportation, On-Site Logistics Service, Construction Engineering Services and Maintenance services. Candidates with an interest to pursue a career in an logistics company in the Service Industry are welcomed. Established in Singapore since 1971, the Group has established a strong presence in the Asia-Pacific region, and continues to make its mark as a global player. Sankyu has subsidiaries and associate companies in Malaysia, Japan, India, China and the Middle East. Sankyu has a global strength of over 26,000 employees with about 780 working in Singapore. Incumbent will be exposed to team-oriented learning and growth opportunities by working with colleagues from different countries and nationalities.
Sankyu (Singapore) Pte Ltd
Sankyu (Singapore) Pte Ltd is a Japanese Multi National companies recognized as one of the logistics industry with comprehensive services company offering fully integrated logistics solutions, International Freight Forwarding (Sea Freight, Air Freight), Warehouse & Distribution Service, Land Transportation, On-Site Logistics Service, Construction Engineering Services and Maintenance services. Candidates with an interest to pursue a career in an logistics company in the Service Industry are welcomed.
Established in Singapore since 1971, the Group has established a strong presence in the Asia-Pacific region, and continues to make its mark as a global player. Sankyu has subsidiaries and associate companies in Malaysia, Japan, India, China and the Middle East.
Sankyu has a global strength of over 26,000 employees with about 780 working in Singapore. Incumbent will be exposed to team-oriented learning and growth opportunities by working with colleagues from different countries and nationalities.
West – Clementi Loop
Interested candidates are invited to write in or email current and expected salary to us: Sankyu (S) Pte Ltd
11 Clementi Loop, Singapore 129813
Interested candidates are invited to write in or email current and expected salary to us:
Sankyu (S) Pte Ltd
(We regret that only shortlisted candidates will be notified)
It s that time of year again! Truckfest 2013 in Peterborough is back for the May Bank Holiday. From the 5th to the 6th of May 2013, The East of England Show Ground will be taken over by the Trucking community.
Once again, the Mercedes-Benz stand will be a hotbed of activity with the latest models on display including our brand new construction truck, the Arocs. There will be activities for young and old alike, including face painting, badge-making, an F1 simulator and the always popular free candy floss and popcorn! The Animal bike Tour will be back, wowing the crowds with their amazing and gravity-defying stunts and we have some exciting celebrity guests to look forward to as well.
This year, we are very pleased to announce that, starting today, we will be giving away one family pass to Truckfest per week until the event. To enter the competition simply follow us on Twitter @MercedesTruckUK1 and RT the designated tweets for your chance to win! It s that simple!
We look forward to seeing you there, fingers crossed for sunshine!
Payroll employment in for-hire trucking fell in March by the largest number of jobs in four years, according to preliminary estimates released by the U.S. Bureau of Labor Statistics. Trucking companies reduced their payrolls by 6,900 jobs month to month on a seasonally adjusted basis the most since April 2009. Trucking employment had risen for five straight months, and March represents only the fourth month-to-month decline since the recent bottom in March 2010.
Meanwhile, the overall economy posted disappointing numbers, adding just 88,000 nonfarm jobs the smallest month-to-month increase since June 2012, according to the preliminary BLS figures. The national unemployment rate dipped to 7.6% the lowest since December 2008. Among broad job categories, jobs in retail took the biggest hit, falling by 24,100 month to month. Job losses in clothing and building materials and garden supplies account for all of the net retail reduction. Manufacturing employment slid by 3,000 jobs, but construction employment continued its rebound, adding 18,000 jobs. Otherwise, March s job gains came entirely from the services sector.
Trucking payroll employment in March totaled 1.373 million jobs up 34,500 jobs, or 2.6%, from March 2012. Trucking employment is up by 139,100 jobs, or 11.3%, from the bottom in March 2010, but it remains 80,300 jobs, or 5.5%, below the peak in January 2007.
The BLS numbers for trucking reflect all payroll employment in for-hire trucking, but they don t include trucking-related jobs in other industries, such as a truck driver for a private fleet. Nor do the numbers reflect the total amount of hiring since they only reflect the number of employees paid during a specified payroll period during the month. Due to high turnover rates, the BLS estimates may overstate the number of job positions due to the methodology used in the agency s Current Employment Survey.
Freight forwarding is an essential contributor to the smooth running of international trade. This is because the freight forwarder is responsible for choosing the best options for their customers distribution needs.
On this page you can browse by region to select your ports or airports of interest.
Freight forwarding is all about moving goods from one part of the world to another economically and efficiently. Ensuring that cargo arrives at the right place and at the right time involves real skill.
Our Freight Forwarding Service
We are an independent freight forwarding company based in the UK offering cost effective sea, road and air freight forwarding services around the world.
Freight Forwarding By Sea
We provide Full Container Load and Part Container Load freight forwarding services to and from most regions of the world including the Far East, Asia, Middle East, USA, Canada, South America, South Africa, Australia and New Zealand.
Close contact with our well established representatives ensures an efficiently organised freight forwarding service by sea which is tailored to the requirements of each individual customer at competitive rates.
Road Freight Forwarding Service
We provide driver accompanied full load and groupage freight forwarding services door-door at express and economy rates.
Freight Forwarding To/From Ireland
Following our acquisition of the leading Irish freight forwarding specialist, First Freight International Ltd, customers now benefit from an enhanced road freight forwarding service departing twice daily (Mon-Fri) from Southern England to Ireland. This service caters for most types of cargo collected from your door, via a modern fleet of vehicles, and delivered to any destination in Ireland.
Freight Forwarding To/From Offshore Islands
We offer a freight forwarding service to Jersey, Guernsey, Alderney, Sark, The Isle of Man, The Isle of Wight.
Freight Forwarding To Europe
The other European groupage destinations that we offer freight forwarding to and from are: France, Germany, Holland, Italy & Belgium. We offer full load services to / from most major European destinations.
Air Freight Forwarding Service
We offer a comprehensive range of air freight forwarding services with guaranteed daily distribution to and from all major airports. This Specialist Customs clearance. On site attendance. Hand carry and Courier facilities.
- Must Fly
- Scheduled Economy
- Cross Trade
- Part/Full Charter
- The Freight Forwarding Industry
Freight Forwarding Costs
It is important for freight forwarders to negotiate freight rates regularly with transport providers and to compare the costs involved with transporting goods along different routes. This helps them to get the right balance between cost and delivery times.
Although freight forwarding is used by companies all over the world, no two operations are the same owing to the type of goods being transported and the different sets of customer requirements.
Freight Forwarding Transaction Management
Freight forwarders are entrusted with the delivery of goods from one party to another, who often do not know each other. As a result, it is essential that the freight forwarding companies follow the set procedure and prepare accurate documentation to facilitate the transaction process.
The freight shipping industry in the U.S. comprises deep sea freight transportation, inland water freight transportation, and coastal and Great Lakes freight transportation (SIC 4412, 4424, 4432, 4449; NAICS 483111, 483211, 483113). The global containerized shipping and logistics industry generates approximately $155 billion in revenue annually.1 Approximately $9 billion of that revenue is derived from the U.S. deep sea shipping industry.2
Within deep sea freight transportation, containers make up 27% of the freight transported, followed by boxed and palleted goods (21%), dry bulks (11%), bulk liquids and gases (8%), climate-controlled containers (8%), and other freight (25%).3 Although container services represent only about 30% of global ton-miles, they account for approximately 80% of total shipment values.2
The industry is primarily focused around major ports. Within the U.S. the top three ports ranked by tons of traffic are the Port of South Louisiana, Houston, and New York/New Jersey. The top three ports ranked by container traffic are Los Angeles, Long Beach, and New York.2
The ships themselves are the primary assets of most shipping companies. The average container ship can carry about 3,000 40-foot containers.2 The average age of U.S. owned fleets is approximately 15 years.2 On average, ships last between 25 to 40 years and are rebuilt several times during their lifetime.2 Ships are often outfitted with complex information technology systems that manage routing and monitor weather patterns.2 Ships typically travel with a crew of about 20 and travel at approximately 15 to 20 miles per hour.2
The U.S. deep sea shipping industry includes about 500 companies, with the top 50 generating almost 95% of the total industry revenue. As of January 2013, the top 10 maritime shipping companies ranked by cargo capacity are:4
- Mediterranean Shipping Company
- CMA-CGM Group
- COSCO Container Line
- Evergreen Line
- Hanjin Shipping
Trends in the shipping industry are primarily driven by changes in the world economy. A few of the most significant changes are:
- Industry growth is decreasing as economic growth slowsThe shipping industry is closely aligned with the world economy and international import and export trends. Prior to 2008, worldwide container shipping volumes grew at 12.6% annually.5 Growth then began decreasing as worldwide GDP growth slowed. In 2011, the global container shipping industry had annual growth of only 6.6%, or almost half the rate of growth prior to the recession.5 This decreased growth is due in large part to the sluggish economic conditions in Europe.5
- Shipping companies are increasing fleet sizeMany shipping companies began expanding their capacity to meet increased demand during the pre-recession growth period, and they continued placing orders for new ships once they believed the economy was recovering in 2010.5 In particular, the orders for new ships have primarily been for larger ships that can carry more cargo. Consequently, fleet capacity has been expanding, while the growth in demand has been decreasing. Capacity grew 7.9% in 2011 and was projected to grow 8.1% in 2012 and 10.6% in 2013.5 As a result of the increase in capacity and the slowing growth in demand, analysts expect competition in the industry to increase.5
- Fuel costs threaten profitsFuel costs are by far the largest operating cost for shipping companies.6 Over the last several years, the price of oil has reached record highs. Overall, the price of fuel has increased 300% since 2000.6
- The piracy threat remainsPiracy continues to pose a threat to shipping crews, particularly in the Indian Ocean along the coast of Somalia. Over 60 seafarers have been killed by pirates in recent years, and more than 4,000 others have been taken hostage.6 In response to the threat of piracy, shipping companies are increasingly hiring private armed guards to help ensure ship security.6
Key Performance Metrics
The following are performance metrics that managers in the freight shipping business use to benchmark their performance against others in the industry:
- Twenty-foot equivalent units (TEUs, a measure of cargo capacity)
- Dead weight tonnage (DWT)
- Gross register tonnage (GRT)
- TEU carried annually
- % of containers full
- Ton-miles (cargo weight x distance traveled)
- Annual turnover
Industry Organizations and Publications
Some organizations that publish helpful information about freight shipping include:
- U.S. International Logistics website: www.export.gov, forms and information about exporting freight out of the U.S.
- International Freight Association: www.ifa-online.com, an association of logistics and transportation companies covering 160 international locations
- International Chamber of Shipping: www.ics-shipping.org, in association with the International Shipping Federation it forms the principal trade association for merchant ship operators and publishes annual reviews of the global shipping industry
- Marine Insight: www.marineinsight.com, news and articles covering the maritime, cruising, boating, and offshore industries
Summary of Valuation Approaches
There are four commonly accepted valuation methods that should be considered when valuing a freight shipping company. These methods are:
- Asset-based valuation: This method calculates a business s equity value as the fair market value of a company s assets less the fair market value of its liabilities. This approach is also sometimes referred to as a cost based approach ; that is, the business s value is equal to the cost of acquiring its physical assets.
- Income approach to value (capitalization of earnings): This method is most applicable to companies that face predictable and constant growth in earnings and have a long history of operations. The business value under this method is equal to the cash flow projection for one year divided by a capitalization rate (i.e. the appropriate discount rate less the predicted growth rate).
- Income approach to value (discounted cash flow): The value of equity utilizing this method is equal to the present value of free cash flows available to equity holders over the life of the business. This method works well for both established companies with low growth rates as well as new companies with higher rates of growth, but requires predicting changes in future cash flows.
- Market approach to value: This method utilizes market indications of value based on metrics from guideline publicly traded grocery companies and privately held businesses. The financial metrics of public companies or those of private transactions can be used to create valuation multiples that are then used to calculate business value.
The following benchmarking data is based on studies from various coastal and Great Lakes shipping companies: 7
As a further point of comparison, the following data is based on studies from various inland water freight transportation companies: 7
Before using this data for specific valuation purposes it should be evaluated for appropriateness.
Availability of Publicly Traded Comparable Companies
Many of the large freight shipping companies are publicly traded on foreign exchanges. The availability of financial data for publicly traded deep sea freight companies makes it possible to compare a subject company to industry benchmarks and apply industry multiples. When valuing a freight business, however, it is important to use benchmarks and multiples based on companies that are similar to the subject company.
The top five publicly traded shipping companies, ranked by market capitalization, are:8
- APM-Maersk ($35.3 billion)
- COSCO ($5.2 billion)
- Orient Overseas (International) Limited ($4.3 billion)
- Mitsui O.S.K. Lines ($4.2 billion)
- Nippon Yusen Kabushiki Kaisha ($4.1 billion)
The price to earnings ratios of these companies range from 11.1 to 53.6.11 Overall, publicly traded companies in the air delivery and freight services industries have a price to earnings ratio of 18.3.9
Availability of Private Purchase Transactions
In addition to public shipping companies, data regarding privately held companies can also provide a useful benchmark when valuing a freight shipping business. The size and scope of private companies that have been bought and sold over the last five years varies greatly, both in terms of their sales and the purchase price paid for the companies.
Fulcrum identified two private purchases of freight shipping companies over the five year period from July 1, 2007 through June 30, 2012. These transactions show the following ranges:10
- Total deal values ranged from $202 million to $552 million.
- Market value of invested capital (MVIC) to net sales ranged from 3.6 to 5.9 times.
- MVIC to earnings before interest, taxes and depreciation (EBITDA) ranged from 7.5 to 11.9.
This range of market multiples is based on an extremely small sample and is too variant to be useful without further analysis. Furthermore, both companies identified are related to the petroleum industry, which may not necessarily be representative of freight shipping as a whole. As with selecting publicly traded guideline companies, care should be given to select private transactions that share similarities with the subject company. The financial metrics of a potential guideline transaction should be compared with those of the subject. Additionally, industry economic conditions also vary over time, which can affect cargo shipping businesses as investment opportunities. Specific factors that are unique for each company must be considered.
1 Global Containerized Shipping & Logistics: Market Research Report, www.IBISWorld.com
2 Hoovers: Deep Sea Shipping
3 Industry Statistics Sampler: NAICS 483111 Deep Sea Freight Transportation, Product Lines, U.S. Census Bureau
4 Alphaliner Top 100, Operated fleets as per 30 January 2013, www.alphaliner.com
5 Industry Research: Container Shipping, TRIS Rating, June 15, 2012.
6 Annual Review, International Chamber of Shipping
7 RMA (The Risk Management Association)
9 Industry Center Air Delivery & Freight Services, Yahoo! Finance
10 Private transaction data obtained from Pratt s Stats available through www.bvmarketdata.com
It s that time of the year! Rock & Dirt is looking forward to another 3 busy days at The Mid America Trucking Show in Louisville, KY March 21-23. The Rock & Dirt booth is #60208 located in the West Wing Hall of the Kentucky Expo Center; please stop by and visit with our Territory Managers: David Sojka, Teresa Daniels, and Maribel Fyre. They will be happy to demonstrate the newest features of RockandDirt.com1 and give you a fresh copy of Rock & Dirt.
The Mid-America Trucking Show is more than a tradeshow. It is the annual forum for the heavy-duty trucking industry, providing face-to-face interaction between industry representatives and trucking professionals. Attendees are driven to MATS because they can efficiently research the latest products and services to provide their business with a competitive edge. Exhibitors participate in MATS to effectively introduce new offerings, increase brand awareness, promote products and connect with suppliers, customers and prospects. MATS is where the industry comes together, where attendees network with Fortune 500 companies, where media outlets from around the world go to report on the business of trucking, and where trucking business gets done. www.truckingshow.com2
Rock & Dirt has brought heavy construction buyers and sellers together for over 60 years. As the Heavy Equipment Marketplace in print and online, we offer a comprehensive selection of new and used work trucks and trailers, plus parts and related services for sale to buyers around the world. Every issue of Rock & Dirt has a Truck & Trailer section. We are a one-stop-shop for the Buyer and a Sales Lead Generator for the Seller.
Brunel Energy provides specialist personnel to the international oil & gas, petrochemical, power generation and construction industries. Our clients are predominantly major operating companies and international engineering or construction companies. Through a network of 35 offices in 5 continents (Europe, America, Asia, Africa and Australia) we currently second nearly 4,000 Technical Engineering Specialists to the largest multi-national Oil & Gas Companies and major EPC Contractors, through well established global supply agreements.
Brunel Energy is recruiting to fill the below position of:
Job Title: Freight Forwarding Officer Job Code: ENERGY VC35329 Location: Lagos
- Receive and process all information about materials imported into Nigeria directly by the Project and sometimes assist in the Contractors operations
- Instruct and coordinate operational activities delegated to other COMPANY entities, specifically air and sea freight shipping and import operations, with a special care for urgent materials.
- Liaise with various external parties in order to secure the necessary permits and relevant approvals.
- Liaise with internal users and interface with reception and warehouse personnel /facilities to ensure prompt delivery.
- Comply with finance processes & procedures related to his activities, audits, invoices technical certification, shipping activity payments.
- Track and follow exports and temporary imports activities for effective repair and return of materials
- Perform office activities: Maintain documentation, record keeping/filing system, including final Customs release documentation.
- Direct and guide Company personnel and vendors concerning Nigerian laws, practices and government regulatory bodies on a daily basis.
- A minimum of 2/3 years experience in Oil and Gas industry, including some knowledge of Procurement, Supply Chain and Logistics activities.
- Knowledge of international transport regulation, standards and documentation for air freight and sea freight.
- Fluent English is mandatory.
Application Closing Date22nd march, 2013
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- U.S. auto sales slowed down in February: light truck sales registered a growth of 7.8% while the car sales remained flat
- Strong truck sales bode well for the profitability of the Detroit Three since they dominate the pickup segment
- In the long term, the automotive industry s growth rate will slow as the market size nears the pre-recession levels
A closer look at February s monthly sales reveals that the American auto companies like General Motors (NYSE:GM) and Ford Motors (NYSE:F) stand to benefit if the current trend of strong truck sales were to continue. While the overall growth might have slowed down to 4%, light truck sales were up 7.8%. Car sales were flat, suggesting that they might be nearing their peak. Post-recession, light truck sales were battered due to a plunging housing market. Now, with construction activity recovering, their sales are witnessing a boost 1, wsj.com].
Strong truck sales bode well for the profitability of the American auto companies since they dominate the pickup segment. Not only does that mean that the Detroit Three could steal a larger chunk of the incremental sales, but the more profitable light truck category could boost their margins as well. Going forward, you could very well see the overall automotive market driven by the light truck segment (i.e. SUVs and pickups). A 100 basis point expansion in GM s gross margins translates to about 15% gain in the stock price, as per our estimates.
GM s Silverado sales surged 29%, while Ford s F-150 sales were up 15%. With GM introducing newer versions of Silverados in the summer, the company could command higher pricing for the vehicle, which will help profitability.
Growth Likely To Cool Off
February s monthly sales translated to about 15.4 million units on an annual basis, which is still lower than the peak of 17 million back in 2005 US auto sales power ahead in February, March 4, 2013, philstar.com]. The last couple of years have been strong for the automotive industry, although the growth has come on top of a low base. Now with the total market size reaching close to the pre-recession levels, the rate of expansion will likely slow in the coming years.
Historically, the total number of vehicles on the U.S. roads has shown a strong correlation with the total number of houses. It has typically stayed in a range of 2-2.13 vehicles per household. The historical average growth rate for the number of households has been more or less equal to adult population growth (~1.2% annually). Therefore, you can expect the total number of vehicles in the U.S. to rise by a similar rate in the long term.
We have a $28 price estimate for General Motors, which is slightly ahead of the current market price.
Disclosure: No positions