| Latest Forum Topics / Nam Lee Metal Last:0.68 -- |
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Covid 19 transportation play
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governor
Veteran |
17-Dec-2020 09:13
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https://www.bloomberg.com/news/articles/2020-12-14/stock-market-carrier-carr-thrives-amid-the-coronavirus-pandemic   Carrier Goes From Spinoff to Top Industrial Stock During the Pandemic  |
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governor
Veteran |
16-Dec-2020 07:41
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Hapag-Lloyd halts pick-ups of empty forty-foot reefer containersContainer shortages are now so prevalent that Hapag-Lloyd has decided to introduce a booking stop of empty forty-foot reefer containers from depots in Germany, Austria, Switzerland, Hungary and the Czech Republic.https://shippingwatch.com/carriers/Container/article12617006.ece   |
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governor
Veteran |
15-Dec-2020 09:08
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Massive demand seen for marine reefer containers to ship Covid-19 vaccinein    International Shipping News  08/12/2020  
While the air mode of transport will be the most preferred for Covid-19 vaccine distribution globally due to the urgency, there is going to be huge demand for marine reefer containers to transport the vaccine. It is estimated that over 60,000 reefer containers would be required for distribution of the vaccine over a period of two to three years. At present, reefer containers are used to transport pharma products and perishables. There is no clear picture on whether a significant number of the existing reefer containers will be diverted to distribute the vaccine or new containers will enter the market to meet the likely surge in demand. The initial indicated production locations of the vaccine will be India, China, France, UK, Switzerland, Russia, Japan and Brazil and the US. Maersk, a global shipping line, said that the early-stage vaccines may require transportation at -80° C. These volumes are usually at trial quantities and early stages. They are transported by air freight due to the &lsquo speed to market&rsquo requirement. Once the vaccine is developed and reaches a stable stage for distribution some of the upstream distribution requirements might be at -20° C. However, most downstream distribution is done at 2° C to 8° C. Ocean reefer containers can maintain temperatures from -35° C to +25° C, and there is a good track record in the ocean industry of transporting pharma products at 2° C to 8° C. Following the vaccine&rsquo s standard packaging and distribution, one can estimate the total volume that the Covid-19 vaccine will take for distribution. Assuming all vaccines will get distributed in reefer containers, the initial estimate will be that there will be a need for just above 60.000 reefer containers in total, over a period of two to three years. This number may increase significantly if reefer containers are used for &ldquo pop up cold storages&rdquo as there is a foreseen lack of warehousing capacity for the Covid-19 vaccine, especially in less developed geographies, the shipping major said. G Raghu Shankar of International Clearing and Shipping Agency said that there will be a global requirement and every country will be having similar demand. Hence, it will be a major challenge. Other commodities are mostly perishables and pharma will also have a difficult time. Requirement of ocean reefer containers will depend on various factors, such as the temperature at which the vaccines will be stored or shipped. The containers that are used for storing pharma products are manufactured separately and are generally not the same that are used for shipping, said Satish Lakkaraju, Chief Commercial Officer, Agility Logistics Pvt Ltd, which has global pharma companies as its clients. &ldquo The reefer containers used for shipping pharma are already in high demand. We have always given priority to pharma over other products and if the need arises, we have to prioritise vaccines and the same will be done,&rdquo he added. |
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governor
Veteran |
14-Dec-2020 16:24
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https://www.seatrade-maritime.com/containers/container-shortage-hitting-exporters-us-and-europe   The serious shortage of container is spreading to reefers which nam Lee is a supplier of aluminium frame to carrier global corp which make refrigeration containers. With the situation surrounding covid 19 vaccines ultra Low temp transportation,demand will high for reefers for sometime. dyodd |
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governor
Veteran |
13-Dec-2020 14:25
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https://asia.nikkei.com/Spotlight/Coronavirus/World-rushes-to-build-ultra-cold-networks-to-deliver-COVID-vaccines |
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governor
Veteran |
12-Dec-2020 10:15
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10 A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months. Since January 2020, the COVID-19 pandemic has adversely impacted all the business segments of the Group. Our aluminium industrial product business is improving with gradual resumption of full operation. However, the Group expects the business environment to remain challenging in the next 12 months mainly due to the uncertainties arising from the third wave of COVID-19 pandemic in Malaysia that may impact to our subsidiaries' operation located there. Our building products business has resumed in gradual phases since July 2020 with comply of MOM regulations. The delays in projects inevitably increase operating costs. However, the Group has received wage support, government rebates and waiver of levies to defray some of these costs. The Group will continue to face uncertainty for the next reporting period and the next 12 months as a result of the COVID-19 pandemic. *the aluminium industrial products refer mostly to frame of refrigeration containers and HDB products which is their core business that contribute around 88 percent of revenue and more than 95 percent of profit |
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governor
Veteran |
11-Dec-2020 18:52
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SeaCube Containers LLC recently acquired 200  Carrier Pods&trade monitored by Sensitech®   to help address the anticipated increase in demand for refrigerated storage capacity and cargo visibility in support of COVID-19 vaccine distribution. The systems offer reliable deep-frozen container refrigeration performance with telematics, data analytics and cargo monitoring capabilities.  Carrier  and  Sensitech  are part of Carrier Global Corporation (NYSE: CARR), a leading global provider of healthy, safe and sustainable building and cold chain solutions. &ldquo With the rush to get billions of vaccines distributed and administered globally, the cold chain is expected to face some challenges for pharmaceutical companies, distribution centers, retailers and vaccine administrators,&rdquo said Bob Sappio, CEO of SeaCube. &ldquo We believe Carrier Pods monitored by Sensitech can help our customers reduce their risk with mobile cooling solutions that provide added flexibility and insights into vaccine conditions. Since the onset of the pandemic, Carrier has worked closely with SeaCube to ensure that we are able to help meet shipping lines&rsquo demand for refrigerated containers to help them to deliver critical food, medicine and other perishables.&rdquo With Carrier Pods monitored by Sensitech, container refrigeration units deliver temperature control within +/- 0.25 degrees Celsius and temperatures down to negative 40 degrees Celsius, while their monitoring devices can track temperatures down to dry ice conditions of negative 95 degrees Celsius. Their mobility allows for easy relocation to address shifting capacity demands or temporary vaccine administration locations. &ldquo This solution supports vaccine storage within strict temperature compliance guidelines and allows for vaccines to be in close proximity of wherever they are needed,&rdquo said Kartik Kumar, vice president and general manager, Global Container Refrigeration, Carrier. &ldquo We also expect to provide additional connectivity to the offering through the recently announced  Lynx&trade digital platform.&rdquo 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.  |
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governor
Veteran |
11-Dec-2020 15:04
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Below are some key points *Nam Lee happens to have carrier global grp as key customer which has a substantial impact on their profitability. They make aluminium frame for reefer container. *Carrier global has refrigerated container can meet the extremely low temperature for storage and transportation of covid 19 vaccines. They recently introduced carrier pod which can monitor the state of vaccines when transportation via long distance. The containers can also be use as a remote storage for places which is lacking cold room facilities which a lot of remote town and cities are lacking. * refrigeration containers are in demand due to increase demand for perishable food. Order book for refrigeration container went up 30 percent year on year base on carrier global result presentation. Reefers has a stable demand of 4-5 percent annually which provide stable income for Nam Lee. * restart of contruction activity will help nam Lee in the next few reporting results. * it pays a decent dividend of 1.5c and book value of 60c. Nam Lee has a stable business of making refrigeration containers with the potential for covid 19 boom due to demand for specialist refrigeration containers for transportation of vaccines. Seacube a container leasing company had place a 200 orders for that specialise containers. It might be the start of a huge demand curve for carrier pod which might benefit nam Lee. *buyer beware,dyodd    |
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governor
Veteran |
11-Dec-2020 14:44
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How come no one talk about nam Lee? This might be the closest to a covid 19 play in singapore   |
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