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Covid 19 transportation play
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KR8877
Member |
12-May-2021 09:15
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This stock will up laster half yearly Financial report got up 6,261%👍 🏻 👍 🏻 👍 🏻 👍 🏻 👍 🏻 | |||
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governor
Veteran |
11-May-2021 18:42
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Half year result up 6000 percent | |||
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governor
Veteran |
04-May-2021 20:25
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Atlantic Container Line Enhancing Refrigerated Operations with Carrier Transicold PrimeLINE Units and Lynx Fleet Digital SolutionSINGAPORE - May. 4, 2021 Gaining new operational advantages and efficiencies for its refrigerated shipping operations, Atlantic Container Line (ACL) is acquiring 150 new containers equipped with Carrier Transicold PrimeLINE® refrigeration units featuring the Lynx&trade Fleet digital solution. Carrier Transicold is a part of Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe and sustainable building and cold chain solutions. ACL, which is part of the Grimaldi Group, headquartered in Naples, Italy, is adding the new 40-foot, high-cube refrigerated containers for fleet expansion. The units will be placed into service on trade routes between western Europe and the United States. &ldquo With its energy-efficient performance, the PrimeLINE refrigeration unit is a perfect complement for our fleet, which includes some of the world&rsquo s largest, most fuel-efficient and environmentally responsible roll-on/roll-off containerships,&rdquo said Maurizio Di Paolo, Corporate Liner Equipment Department Manager, Grimaldi Group. &ldquo The Lynx Fleet solution will bring numerous benefits to our fleet, and the ability to monitor cargo temperatures is only the beginning,&rdquo Di Paolo added. &ldquo We are especially looking forward to the advantages that come with refrigeration unit health analytics and the subsequent efficiencies for our maintenance and repair operations.&rdquo Key differentiators of the new Lynx Fleet platform include:
The PrimeLINE unit, which has been the industry sales leader for over 13 consecutive years, features a digital scroll compressor that delivers low energy consumption and a value proposition that includes rapid temperature pull-down, tight temperature control, high air-flow performance and excellent cost of ownership. These ACL units will also utilize Carrier Transicold&rsquo s Micro-Link® 5 controller, which is the first and only container refrigeration unit controller with wireless communication capability, providing greater memory, processing power and connectivity compared to Carrier Transicold&rsquo s standard offering. &ldquo We are pleased to support ACL&rsquo s modern fleet with our latest container refrigeration technology, which is designed to improve fleet efficiencies and help control operating costs,&rdquo said Kay Henze, Account Manager, Carrier Transicold. PrimeLINE units and the Lynx Fleet platform are among the many solutions offered through Carrier&rsquo s Healthy, Safe, Sustainable Cold Chain Program to preserve and protect the supply of food, medicine and vaccines. Learn more at corporate.carrier.com/healthycoldchain or visit www.transicold.carrier.com. About Carrier Transicold Carrier Transicold helps improve transport and shipping of temperature-controlled cargoes with a complete line of equipment and services for refrigerated transport and cold chain visibility. For more than 50 years, Carrier Transicold has been an industry leader, providing customers around the world with advanced, energy-efficient and environmentally sustainable container refrigeration systems and generator sets, direct-drive and diesel truck units, and trailer refrigeration systems. Carrier Transicold is a part of Carrier Global Corporation, the leading global provider of healthy, safe and sustainable building and cold chain solutions. For more information, visit transicold.carrier.com. Follow Carrier on Twitter: @SmartColdChain or on LinkedIn at Carrier Transicold Container Refrigeration.
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governor
Veteran |
19-Apr-2021 20:58
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SeaCube Selects Carrier Lynx Fleet Solution To Deliver Enhanced Digital Capabilities for 2,000 Refrigerated ContainersPALM BEACH GARDENS, FLA. - Apr. 19, 2021 SeaCube Containers LLC and Carrier Transicold today announced a strategic refrigerated asset management systems platform engagement. As a result, SeaCube will be the first intermodal equipment leasing company to incorporate Carrier&rsquo s Lynx&trade Fleet solution into its fleet with an initial deployment of 2,000 PrimeLINE&trade refrigerated container units. Carrier Transicold is a part of Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe and sustainable building and cold chain solutions. The Lynx Fleet solution includes proprietary technology that monitors reefer unit performance and provides early warning actionable diagnostics and predictive analytics down to the level of the machine&rsquo s components. The Carrier Lynx Fleet system will provide much more detailed machine performance analysis capabilities compared to other telematics platforms on the market by using integrated sensor machine data feeds. This digital engagement between SeaCube, a global leader in refrigerated equipment leasing and Carrier Transicold, will drive greater flexibility and data-rich intelligence reporting across the cold chain. SeaCube describes itself as a technology thought leader in the industry and has a longer-term goal of offering telematics as a standard for leased refrigerated container units. The addition of Lynx Fleet allows for a data-driven leasing model, which leverages data and analytics on equipment health to extend asset life and optimize asset performance, which is another pioneering approach in this space. &ldquo This is an exciting step forward for SeaCube as we move toward realizing our vision of telematics as a standard within our reefer fleet," said Bob Sappio, CEO of SeaCube. " We are confident that the Lynx Fleet offerings will help drive improvements in our own operating metrics and resonate with our customers to help them achieve optimal reefer performance and act on data-driven insights.&rdquo Lynx Fleet will offer prognostics and data analytics with features that provide differentiation such as:
&ldquo We are confident that Lynx Fleet will enhance connectivity across the cold chain, increasing visibility, providing predictive analytics and driving faster data-driven decisions,&rdquo said Kartik Kumar, Vice President and General Manager, Global Container Refrigeration, Carrier. The Lynx digital platform applies advanced internet of things (IoT) analytics, machine learning and various big data technologies to connect the cold chain in the cloud, automate key processes, and deliver real-time visibility and insights throughout the cargo&rsquo s journey. Lynx Fleet is among the many solutions offered through Carrier&rsquo s Healthy, Safe, Sustainable Cold Chain Program to preserve and protect the supply of food, medicine and vaccines. Learn more at corporate.carrier.com/healthycoldchain or visit www.carrier.com/container. About Carrier Transicold Carrier Transicold helps improve transport and shipping of temperature-controlled cargoes with a complete line of equipment and services for refrigerated transport and cold chain visibility. For more than 50 years, Carrier Transicold has been an industry leader, providing customers around the world with advanced, energy-efficient and environmentally sustainable container refrigeration systems and generator sets, direct-drive and diesel truck units, and trailer refrigeration systems. Carrier Transicold is a part of Carrier Global Corporation, the leading global provider of innovative HVAC, refrigeration, fire, security and building automation technologies. For more information, visit transicold.carrier.com. Follow Carrier on Twitter: @SmartColdChain or on LinkedIn at Carrier Transicold Container Refrigeration. About SeaCube SeaCube Containers buys, sells, manages and leases shipping containers, which are essential intermodal equipment used in the global containerized cargo trade. SeaCube Containers is the world leader in refrigerated shipping equipment and is a premier leasing company for innovative cold chain container solutions. SeaCube&rsquo s commitment to growing its fleet and investing in equipment assets have availed the global container industry with efficient movement of goods via ships, rail, and trucks. For more information, visit www.seacubecontainers.com.
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newbie19
Supreme |
11-Feb-2021 19:02
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Happy Lunar New Year to everyone here.. May Niu year brings good health not forgetting HUAT all the way to the banks.. | |||
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governor
Veteran |
26-Jan-2021 18:50
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serious shortage of containers especially refrigeration containers. As told by the expert on CNA https://youtu.be/wNxGsIqMv8w |
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governor
Veteran |
25-Jan-2021 22:19
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An ' aggressive' fight over containers is causing shipping costs to rocket by 300% https://www.cnbc.com/2021/01/22/shipping-container-shortage-is-causing-shipping-costs-to-rise.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard |
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governor
Veteran |
23-Jan-2021 10:27
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Summary of agm *Singapore and Malaysia factory running at full capacity except for mco period in Malaysia at 30 percent * management expect aluminium industrial products to improve(which contribute most or all of their profit) *company nego with customers on a new contract which they decline to disclose more. *no disruption during Singapore factory expansion which will house some operation by q1 and fully operational by end 2021. *The refrigeration frame business had not seen a drop. They are a bit guarded on disclosing more. |
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governor
Veteran |
21-Jan-2021 19:52
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NAM LEE PRESSED METAL INDUSTRIES LIMITED Company Registration No. 197500362M (Incorporated in Singapore) RESPONSES TO SUBSTANTIAL AND RELEVANT QUESTIONS FOR THE PURPOSES OF THE ANNUAL GENERAL MEETING TO BE HELD ON 22 JANUARY 2021 Nam Lee Pressed Metal Industries Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) would like to thank shareholders for submitting their questions in advance of the Annual General Meeting to be held by electronic means on 22 January 2021. The following are the questions submitted by shareholders and the responses of the Company. Question 1 Refer to page 4 of the Chairman' s Statement, " While the authorities in Malaysia and Singapore had permitted controlled resumption of manufacturing and construction activities, the pace of full resumption had been gradual." i) May the board update shareholders on the current resumption status of the business activities for each of the segments? Have our manufacturing activities been fully restored to pre-COVID level? If not, what is the percentage of our current operations we are operating compared to pre-COVID period? " Strict safe management measures had to be implemented to curb the spread of COVID-19 and this inevitably increased operating costs and prolonged project timelines." ii) May the board provide details on the quantum of increased operating costs due to the " safe management measures due to the pandemic" ? Refer to the news report, https://www.straitstimes.com/asia/se-asia/malaysia-extends- recovery-movement-control-order-to-mar-31 Malaysia extends recovery movement control order to March 31" iii) What are the impacts to our production activities in Malaysia? Company&rsquo s Response 13th January 2021 - 26th January 2021. We expect around 30% of our current operations will continue running during the 2nd MCO period. 1) 2) iv) Where are our workers (Singapore and Malaysia) housed, in our factories or dormitories? Are there any of our workers in Malaysia factories infected with COVID-19 cases in Malaysia? If there are, how many cases are there and what are the factories and which are the manufacturing or production facilities affected by the infection? All of our business activities in Singapore have been fully restored. However, our manufacturing operation in Malaysia was recently disrupted by the second Movement Control Order (2nd MCO) for a period of 14 days from Increased operating costs is mainly due to provision of the following: daily meals for workers during quarantined period masks and hand sanitisers to all of our employees Page 1 of 7 thermometers to all of our offices, construction sites and dormitories for regular check of temperature accommodation and swab tests for employees returning to Singapore transportation for those workers who are required to undergo Rostered Routine Testing (RRT) every 14 days and additional cleaning service at common areas. 3) 4) 5) 6) The majority of our foreign workers stay in the dormitories operated by third parties which also accommodate workers of other employers. Like many other manufacturing operations in Malaysia with workers in such dormitories, a certain number of our foreign workers in Malaysia are required to stay inside their units in the dormitories at all times when instances of infections are detected in these dormitories. Some of our workers have been affected by stay-in orders starting from 26 December 2020 and ending 29 January 2021. Management monitors the incidences and progressively fine- tunes mitigation strategies to manage the impact. Question 2 Refer to page 5 of the chairman statement, " The single largest acquisition in FY 2020 was buildings, leasehold improvements and leasehold interest at 4, Gul Way for a consideration of S$18.5 million. The lease is up to 2048. It will boost capacity to take on new contracts from customers and also provide premises to operate in Singapore as the lease of our current premises is due to expire in 2025. Improvement work on the new premises is ongoing and the premise is expected to be ready for certain operations in the first quarter of 2021 and fully operational around the end of 2021." i) What are the improvement works we are doing at the new premises? What is the CAPEX budgeted for the improvement work at the new premises? ii) Besides using the new premise as a HQ, what are the manufacturing and production operations the company is planning at the 40,000 metre squares premise? iii) Could you share the relocation plan between the Sungei Kadut and Gul way plant? Will you expect any production disruption? Company&rsquo s Response We allocated a budget of S$23 million (including of S$18.5 million for the premises we have acquired) for additions and alteration work on parts of the existing production building and the construction of a new office building. The more accessible location of the premise and the increased gross floor area of the premise will enhance the capacity of the Group&rsquo s operations and allow the Group to remain competitive in the market. The Company intends to use the premise as its headquarters and to house production facilities that will support the current core business of the Group. The lease with JTC for the Company&rsquo s existing head office will expire in 2025. The company may relocate in 2025 or even earlier and will make relevant announcements in due course. The relocation plan is in progress and we do not foresee any significant disruption to our operation. Page 2 of 7 Question 3 Inventories increased from S$40.5 million as at 30 September 2019 to S$54.7 million as at 30 September 2020, mainly due to delay in deliveries to and installation at customers&rsquo sites as a result of COVID-19 restrictions. May the board provide more details (e.g. which business segments and what products as well as who are the customers) of the above delay in the " deliveries to and installation at customers&rsquo sites" ? Has the products been delivered and installed at customer' s sites? Company&rsquo s Response Question 4 Company&rsquo s Response Question 5 Company&rsquo s Response All of our plants and factories in Malaysia are operating at full capacity with the exception of periods when the MCO/ quarantines apply. The delay in the deliveries and installation impacted all of our products and business segments. We have contractual commitments for longer term contracts with progressive deliveries and expect such deliveries and installation to be substantially completed by mid-2022. The COVID 19 pandemic has caused most project schedules to be extended by our customers. Refer to page 7 of chairman statement, " With the enhancements made to our factory in Malaysia and Singapore, we remain competent in producing new products to meet the needs of our clients and entrench our foothold in the market." May the company elaborate on the above statement? What are the new products we are or will be producing for our clients? Are there new orders secured for the products? The new product is still in the negotiation stage with our customers and is therefore confidential. The Company will continue to keep shareholders updated on material developments relating to the Company as and when appropriate in accordance with regulatory requirements. Refer to Page 7, " we remain focused on ensuring ongoing projects are completed smoothly and on optimising our manufacturing operations in Malaysia" i. What is the current utilization rate for our plants and factories in Malaysia? What are the plans to further increase the utilization rate of these factories? Page 3 of 7 " Group expects its core aluminium industrial product business to continue to be impacted. For the Group&rsquo s building product business, higher operating and manpower costs will add pressure to our profit margins. As such, the Group will stay flexible and adaptable, implementing appropriate cost controls to position the Group resiliently in the near-term." ii. What are the challenges faced by our customers in the aluminium industrial product business? Is there a substantial reduction in order from the manufacturing of frames for refrigeration containers? Are there any improvements in the outlook for the core aluminium industrial product business? Is your company experiencing a boost of business from your major customer which involves the refrigeration container business due to increase in demand for shipping of perishable goods and vaccines amid the COVID-19 pandemic? Company&rsquo s Response The biggest challenge we face is to ensure good management of daily operations under strict safe management measures. This is to protect the health of our employees and to ensure that goods are delivered to customers on time. There was no substantial reduction in order from manufacturing of frames for refrigeration containers. We expect the outlook for the core aluminium industrial product business to improve in the next financial year. We are unable to provide information about our customer&rsquo s business. Company&rsquo s Response iii. What is the cost controls measures the company is or will be implementing to lower the operation cost in the near-term? The Company has always been very prudent in cost management. The COVID-19 support measures of the Singapore Government will help to defray some of the increase in operating costs. We are focused on optimising our cost structure and improving productivity. The Company continues to monitor closely and adjust the strategy and operations dynamically to mitigate the effects of the COVID-19 pandemic. Page 4 of 7 Question 6 Refer to page 15, Financial highlights, the revenue of the company has been decreasing from S$156.8 million to S$118.6 million and the PBT decreased from S$15.7 million to S$7.8 million for the past 3 years. The computed ROE for the past 3 years was between 8.52% to 4.35%. i. With the CAPEX expansions of purchasing new properties, plants and equipment in Malaysia and Singapore for the past 7 to 8 years, what are the growth plans for the company to turn around the stagnant and decreasing revenue trends and PBT? Company&rsquo s Response ii. In order for new and existing shareholders to better understand the performance of the company would the company consider provide more financial data such as EPS, ROE, DPS/Dividend yield, NTA for the past 5 years instead of limited to 3 years with Revenue and PBT? Company&rsquo s Response Company&rsquo s Response We remain mindful about balancing funding needs, for expansion to pursue longer term growth strategies, with near term cash conservation. Based on the existing orders, we originally expected financial performance for financial year ended 30 September 2020 to improve over the prior year&rsquo s performance. However, the COVID-19 pandemic resulted in delay in deliveries and installation work and impacted our operational efficiency. These delays meant postponement of revenue while certain fixed cost continue to run. The Management has taken note of the suggestion and can provide data computed from the financial statements for the convenience of shareholder in future annual reports. iii. What is the budgeted CAPEX for FY2021? How is this CAPEX allocated among different business segments? We allocated a budget of S$23 million (including of S$18.5 million for the premises we have acquired) for additions and alteration work on parts of the existing production building and the construction of a new office building. Page 5 of 7 We will postpone non-critical capital expenditure to conserve cash flow. As at 30 September 2020, the Company has a healthy balance sheet with cash and fixed deposits of S$19.58 million. Should the pandemic persist for an extended period, we are able to tap into our banking facilities to meet our short-term needs. Question 7 Refer to Note 38, Segment information at page 112, Other segments which include glasses and shower screens for building construction projects, the revenue drop from S$1.27 million to S$1.06 million and segments result of loss of S$432,000 increase to S$2.2 million. i. May the board kindly explain what is the cause of worsening in performance of the &ldquo Others" segment? Are we expecting another loss for this segment in the coming FY? Are there new orders secured by this segment? What is the plan for the company to turn this segment around? In addition to " others" segments, the other 2 segments that are " Mild Steel" and &ldquo Stainless Steel&rdquo also increased in their losses in FY2020 to S$3.45 million and S$600,000. ii. Are we expecting further losses to " Mild Steel" and " Stainless Steel" segments in the coming financial year? When are we expecting these segments to return to profitability? What does the company plan to do to turn these segments around? Company&rsquo s Response The COVID-19 pandemic had a profound impact on all the business segments as operations and supply chains either ground to a halt or operated suboptimally due to restrictions during various forms of Movement Control Orders in Malaysia starting from March 2020 and the Circuit Breaker in Singapore from April to June 2020. Fixed costs were incurred during periods of production curtailment or restrictions on installation at customers&rsquo premises. The Company will continue to face uncertainty in the near-term as the COVID-19 pandemic evolves. Nonetheless, management is exploring various strategies to bolster the Company&rsquo s financial performance through cost rationalisation measures, improvement of overall competitiveness and bringing in more sales orders. Question 8 Will the management consider ways of narrowing the NAV vs share price which stands at 45%? Company&rsquo s Response Share price is largely determined in the marketplace by investors based on demand and supply. This year, Nam Lee bought back 1,687,700 number of shares with a total value of $532,000. The share buyback exercise demonstrated to shareholders the board' s confidence in the long term fundamentals of Nam Lee. The Board and management will continue to work towards maximising the financial performance of the Company which in turn improves shareholders&rsquo value. Page 6 of 7 Question 9 Could the board provide some updates on the status of the contract renewal with the major customer? Company&rsquo s Response The new contract with the major customer has been renewed. Question 10 Company&rsquo s Response Question 11 Company&rsquo s Response BY ORDER OF THE BOARD Eric Yong Han Keong Managing Director Date: 21 January 2021 How much has the refrigerated container volumes in the overall industry grown or declined in 2020? What contributed to this? This information is considered by our customer to be commercially sensitive and we are not in a position to either independently establish or provide such information. Can you update on the search for a new CFO? What contributed to the short tenure of the previous CFO and how would you address this for the next CFO? The Company is in the process of searching a replacement for the position of CFO or equivalent. An announcement will be made when a suitable candidate is appointed. As announced on 18 November 2020, the former CFO had resigned to pursue his personal interests and goals. Page 7 of 7 |
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governor
Veteran |
21-Jan-2021 09:10
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Another contract to make refrigeration containers awarded to carrier group | |||
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governor
Veteran |
20-Jan-2021 22:20
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Sinokor Adds 1,700 Containers Refrigerated by Carrier Transicold PrimeLINE Units to Support Increased Demand
SINGAPORE - Jan. 19, 2021 Helping to support increased demand for refrigerated cargo shipping, South Korea?s Sinokor Merchant Marine Company Ltd. is acquiring 1,700 new containers refrigerated by Carrier Transicold PrimeLINE® units. Carrier Transicold is a part of Carrier Global Corporation (NYSE: CARR), a leading global provider of healthy, safe and sustainable building and cold chain solutions. The new refrigerated containers, a combination of 1,000 40-foot, high-cube and 700 20-foot boxes, will expand Sinokor?s refrigerated container inventory serving routes in the Asia-Pacific region, including China, Vietnam, Thailand and Korea. ?We have been very satisfied with the performance of the PrimeLINE unit, which is an integral part of our existing fleet,? said Hun Heo, manager, container management team, Sinokor. ?Besides its leadership in energy efficiency, the PrimeLINE unit?s reliability reduces maintenance requirements resulting in lower lifecycle cost, and the unit has proven itself to be the preferred choice among our customers who ship sensitive perishable cargo, such as durian.? The PrimeLINE refrigeration unit, which has been the industry sales leader for 13 consecutive years, features a digital scroll compressor that delivers low energy consumption and a value proposition that includes rapid temperature pull-down, tight temperature control, high air-flow performance and excellent cost of ownership. ?At Carrier Transicold, we are pleased to support Sinokor?s expansion as it grows to support perishable and frozen commerce throughout the region,? said Leow Eng Meng, director, container sales, Asia-Pacific, Carrier Transicold. |
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governor
Veteran |
30-Dec-2020 20:57
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ZIM Integrated Shipping Services Ltd. is expanding its refrigerated shipping capabilities with 1,000 new containers equipped with Carrier Transicold&rsquo s PrimeLINE® refrigeration unit. Carrier Transicold is a part of Carrier Global Corporation (NYSE: CARR), a leading global provider of healthy, safe and sustainable building and cold chain solutions. The new, 40-foot-high cube containers will help the Haifa, Israel-based shipping line accommodate growth and solidify its commitment to having ample refrigerated resources to support its customers during these challenging times. Many of the new containers will ship highly temperature-sensitive perishable cargoes and high-value pharmaceutical products. &ldquo With thousands of PrimeLINE units already in service to our fleet over many years, the refrigeration system has proven itself to be a highly capable performer,&rdquo said Moti Azari, reefer trade manager, ZIM. &ldquo The unit&rsquo s excellent refrigeration capabilities, energy efficiency and record of reliability, backed by Carrier Transicold&rsquo s responsive field support team, are all vitally important to our fleet operations, especially so, during these unprecedented times amidst the Covid-19 pandemic.&rdquo The PrimeLINE unit offers rapid temperature pull-down, tight temperature control, high energy efficiency and high air-flow performance, which are integral to the transportation of high-value cargoes, especially pharmaceutical products. Its efficiency is attributed primarily to an advanced digital scroll compressor that reduces power draw, which also results in reduced carbon dioxide (CO2) equivalent emissions. Carrier helps customers meet the rapidly evolving supply chain demands to make their cold chain activities more efficient through the Healthy, Safe, Sustainable Cold Chain Program. &ldquo We appreciate the opportunity to continue supporting ZIM with our PrimeLINE units, which have been the industry sales leader for more than a decade with best-in-class refrigeration performance,&rdquo said Kay Henze, international key account manager, Global Container Refrigeration, Carrier Transicold. |
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governor
Veteran |
29-Dec-2020 09:38
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Evergreen Line Adds 2,000 PrimeLINE Units to Fleet
Taiwan-based shipping company Evergreen Line recently added 2,000 containers refrigerated by Carrier Transicold PrimeLINE units, citing industry-leading energy efficiency and reliability of the model. &ldquo Carrier Transicold&rsquo s 18-year relationship with Evergreen Line continues to grow, as evident in our units forming the majority of their fleet and in this recent order,&rdquo said Leow Eng Meng, sales director, Asia, Global Container Refrigeration, Carrier Transicold. &ldquo Our PrimeLINE units have been the best-selling model for 13 years and have a strong following due to their reliability and energy-efficiency,&rdquo Leow added. &ldquo It remains Evergreen Line&rsquo s preferred option in offering their customers the most sustainable solutions.&rdquo PrimeLINE units are regarded for best-in-class refrigeration performance and industry-leading energy efficiency, including rapid temperature pull-down, tight temperature control, high air-flow performance and low cost of ownership. |
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governor
Veteran |
28-Dec-2020 10:39
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Ocean Network Express Adds 3,000 PrimeLINE Units to Expand Refrigerated Fleet
Japanese shipping company Ocean Network Express (ONE) recently added 3,000 Carrier Transicold PrimeLINE® units to its refrigerated container fleet, via Florens container leasing, to address growing perishable cargo demand. &ldquo Despite the challenges faced by the global economy in recent times, ONE continues to invest in expanding our reefer fleet, which proves that global refrigerated trade remains in high demand. The reliability and energy efficiency of the PrimeLINE unit is unmatched for the transport perishable cargo like protein and fresh fruit,&rdquo said Mr. Bharadwaj Bhuyan, senior manager-global special cargo management, ONE. &ldquo We rely on the proven rapid temperature pull-down and high air-flow performance of these units.&rdquo PrimeLINE units are regarded for their best-in-class refrigeration performance including rapid temperature pull-down, tight temperature control, high air-flow performance and low cost of ownership. The PrimeLINE unit&rsquo s efficiency is attributed primarily to its significantly advanced digital scroll compressor, which reduces power draw from the unit, and reduced carbon dioxide emissions. ONE' s new containers are being leased from Florens Asset Management Company, Ltd. |
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governor
Veteran |
27-Dec-2020 11:34
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Florens Asset Management Company Ltd Expands Refrigerated Shipping Capabilities with 5,000 PrimeLINE units
In response to increasing global demand for refrigerated shipping, Florens Asset Management Company Ltd has expanded its refrigerated intermodal container offerings with an order of 5,000 Carrier Transicold PrimeLINE® units, citing industry-leading energy efficiency and reliability of the model. The leasing company, which services the world&rsquo s top 20 shipping companies, has selected Carrier Transicold as its preferred partner for refrigerated container units. &ldquo To date, most of our fleet offerings were containers for dry intermodal shipping,&rdquo said Mr. Owen Chan, vice president, Florens Global Technical and Operations. &ldquo After receiving feedback from customers asking for refrigerated container options, we turned to Carrier Transicold because of their industry reputation for producing and servicing energy efficient container units that stand up to rigorous transit.&rdquo PrimeLINE units are regarded for their best-in-class refrigeration performance and industry-leading energy efficiency, including rapid temperature pull-down, tight temperature control, high air-flow performance and low cost of ownership. Today, there are more than 1 million Carrier Transicold refrigeration units installed helping to preserve, protect and extend the global supply of food and pharmaceuticals over the ocean, road and rail. |
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governor
Veteran |
24-Dec-2020 09:17
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Freightos Baltic IndexDec 24
FBX - Global Index:$3,003 / 40' 8%FBX01 - CEA to NAW:$3,878 / 40' 0%FBX02 - NAW to CEA:$517 / 40' 1%FBX03 - CEA to NAE:$4,947 / 40' 0%FBX04 - NAE to CEA:$616 / 40' 3%FBX11 - CEA to EUR:$4,434 / 40' 17%FBX12 - EUR to CEA:$1,375 / 40' 1%FBX13 - CEA to MED:$5,102 / 40' 29%FBX14 - MED to CEA:$1,401 / 40' 0%FBX21 - NAE to EUR:$336 / 40' 0%FBX22 - EUR to NAE:$1,948 / 40' 3%FBX24 - EUR to SAE:$854 / 40' 0%FBX26 - EUR to SAW:$1,691 / 40' 0%Source: Freightos Baltic Index
By Sam Whelan
25/08/2020
Recession-proof reefer shipping continues to outpace dry cargo growth, while worsening equipment shortages and carrier reliability provide opportunities for perishables specialists. In its Reefer Shipping Annual Review and Forecast 2020/21 report, Drewry says seaborne perishable cargo growth slowed in 2019, but, due to broader resilience in the food supply chain, it would better weather the economic fallout from the Covid-19 crisis than dry cargo. The slowdown last year saw worldwide reefer trades recording just 1.7% growth, to 130.5m tonnes, the weakest rate of growth since 2015. Drewry says this was largely due to extreme weather conditions in Europe and drought in South Africa and Chile, which saw lower shipments of both deciduous and citrus fruits.  Soaring pork traffic into China following the outbreak of African swine fever there mitigated some of these volume losses, however. Nevertheless, Drewry forecasts the rate of growth picking up again, to 3.7% a year, through to 2024, which would see global reefer volumes reach 156m tonnes. Head of reefer shipping research Philip Gray said: &ldquo Drewry expects the reefer trade to be more recession proof against the economic impacts of Covid-19. And near term, it will continue to benefit from African swine fever-induced protein demand into Asia. &ldquo The continuing trade standoff between the US and China remains a threat to transpacific trade, but could provide opportunities on other routes, such as east coast South America to Asia.&rdquo The modal shift from conventional reefer shipping will also help growth in reefer container cargo to fast outstrip that of the wider container shipping market. For example, last year the volume of reefer cargo carried by containerships expanded by 3.4%, to 5.3m feu, and Drewry is forecasting 5% annual growth up to 2024, &ldquo far outstripping&rdquo dry cargo. &ldquo However,&rdquo added Mr Gray,&rdquo availability of refrigerated shipping container equipment remains a challenge, due to the highly imbalanced nature of reefer trade routes. &ldquo And Drewry expects conditions to tighten as equipment fleet growth is not expected to keep pace with projected cargo demand.&rdquo According to Rafael Llerena, CEO of reefer logistics specialist EasyFresh, this is a big problem, but is surpassed by capacity shortages. &ldquo During the coming months, we will keep seeing reefer equipment shortages everywhere, even if the carriers invest in more equipment,&rdquo he told The Loadstar. &ldquo This is because of bigger ships, fewer port calls and reduced capacity during the pandemic, combined with the complexities of food logistics &ndash numerous production and consumption areas and increased product varieties versus the classic reefer trade legs.&rdquo But Mr Llerena said the situation would provide &ldquo excellent opportunities&rdquo for 3PLs. &ldquo It means room for shortsea and multimodal solutions, linking with the major container hubs,&rdquo he explained. &ldquo For example, Easyfresh ships tropical produce from Rotterdam or Antwerp to Scandinavia, cross-docking at our cold stores and delivering cargo at the retailer&rsquo s DC earlier than using the carrier&rsquo s established feeder link.&rdquo As well as equipment shortages, poor carrier schedule reliability is another major logistical headache for perishables players. &ldquo Delays, rollovers and cancellation of calls are severely harming the certainty of the seaborne part of the cold chain, affecting retailers who have fixed delivery and loading windows,&rdquo said Mr Llerena. *refeers shortage had gone on for years |
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governor
Veteran |
22-Dec-2020 22:13
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https://www.businesstimes.com.sg/transport/bottlenecks-rattle-world-economy-backbone-of-container-shipping?utm_medium=social-organic& utm_source=Facebook& fbclid=IwAR3TlVIUL5EXvH465pag9OdtntCh8nKjg-Gx4sDd0ClaNQe5qf221HEOkZc#Echobox=1608622930Bottlenecks rattle world economy backbone of container shipping |
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governor
Veteran |
20-Dec-2020 09:35
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https://splash247.com/chinese-reefer-delays-escalate-as-fears-grow-of-covid-relapses-from-frozen-food-imports/
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governor
Veteran |
19-Dec-2020 10:53
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https://www.frozen-goods.com/am-cold-storage-rallies-to-support-global-covid-19-vaccine-distribution/A& M Cold Storage Rallies to Support Global COVID-19 Vaccine Distribution4 days ago Temperature Control SystemsLeave a comment PALM BEACH GARDENS, FLA. &ndash Dec. 14, 2020 &ndash A& M Cold Storage recently responded to Carrier&rsquo s call to support global COVID-19 vaccine distribution efforts by making immediately available 90 Carrier Pods&trade monitored by Sensitech® for deployment to help address the anticipated increase in demand for refrigerated storage capacity. Carrier and Sensitechare part of Carrier Global Corporation (NYSE: CARR), a leading global provider of healthy, safe and sustainable building and cold chain solutions. &ldquo We are happy to support this important mission, as we believe that tackling the pandemic is an essential imperative which requires all aspects of the cold chain to come together to ensure the safe storage and movement of COVID-19 vaccines,&rdquo said Jeff Quellhorst, director of sales, A& M Cold Storage. &ldquo These Carrier Pods not only help ensure end-to-end cold chain visibility and integrity but are also uniquely suited to cater to the rigorous on-ground requirements of vaccine distribution.&rdquo Each of these 90 Carrier Pods is fitted with Carrier&rsquo s TripLINK&trade data management platform, which provides 24/7 remote and secure monitoring of the health of the refrigerated container and cargo, with an integration with the Lynx&trade digital platform. These units have been adapted for optimal use in the field with flat flooring, interior lights and doors with safety releases and easy access that do not downgrade the insulation or cooling capabilities of the container, helping to ensure the shelf life of the temperature-sensitive COVID-19 vaccines. &ldquo A& M Cold Storage has risen to the occasion by making 90 Carrier Pod units immediately available which could be highly beneficial to pharmaceutical companies, distribution centers and vaccine administrators,&rdquo said Christopher Kranick, associate sales director, The Americas, Global Container Refrigeration, Carrier. With Carrier Pods monitored by Sensitech, container refrigeration units can deliver temperature control within +/- 0.25 degrees Celsius and temperatures down to -40 degrees Celsius, while their monitoring devices can track temperatures down to dry ice conditions of -95 degrees Celsius. Their mobility allows for easy relocation to address shifting capacity demands or temporary vaccine administration locations. Carrier Pods monitored by Sensitech are one of the solutions offered through Carrier&rsquo s Healthy, Safe, Sustainable Cold Chain Program to preserve and protect the supply of food, medicine and vaccines. Learn more at corporate.carrier.com/healthycoldchain or visit www.carrier.com/mobilestorage. |
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governor
Veteran |
18-Dec-2020 09:34
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German town is using mobile refrigerated units as morgues are overwhelmed by Covid death surgeFrom CNN' s Frederik Pleitgen in Berlin Claus Kaminsky, mayor of Hanau, speaks during a memorial event on February 4 in Hanau, Germany. Thomas Lohnes/Getty Images For the first since the start of the coronavirus pandemic, a German town has acknowledged it has had to activate mobile refrigerated containers after hospital morgues became overwhelmed by an increasing number of deaths. &ldquo We are forced for the first time to use the cooling container for coronavirus deaths because the clinics in Hanau are overwhelmed,&rdquo Claus Kaminsky -- the mayor of the town of Hanau near Frankfurt -- wrote on his Twitter feed. &ldquo It is extremely sad that we are in this horrible situation,&rdquo Kaminsky added. According to a statement from the city, Hanau has been renting the unit since April but has never had to activate it until now. &ldquo Mayor Claus Kaminsky regrets a further escalation of the pandemic situation," the statement added. " This has led to the cooling container at the main cemetery in Hanau having to be used for the first time for two COVID-19 fatalities.&rdquo Germany is currently seeing a major surge in coronavirus infections and deaths. On Tuesday the country&rsquo s center for disease control recorded its highest ever single-day death toll, with 952 fatalities reported. *another use for reefer. God bless those souls. |
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SeaCube Containers LLC will be the first intermodal equipment leasing company to incorporate Carrier&rsquo s Lynx&trade Fleet solution into its fleet with an initial deployment of 2,000 PrimeLINE&trade refrigerated container units.
