Yang Ming and Evergreen set to order feeders from local shipbuilder
Taiwan carriers Yang Ming and Evergreen are to order up to 21 feeder ships for ...
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Japan’s Mitsui OSK Lines (MOL) is walking a tightrope. With an enterprise value that trebles its market cap, which implies a huge net debt position, could it be forced to announce the divestment of its core, loss-making, containership unit, which represents 43% of the group’s revenue?
Alternatively, it could tap shareholders for $3bn of fresh equity at a steep discount, in order to de-lever its balance sheet and push down net leverage to a more acceptable level of about 6x. Its ...
Comment on this article
KEVIN MONTEATH
May 22, 2015 at 1:27 pmThe mis-management plan and strategy needs very important focus, on all trade lanes.
Get rid of the non-performers, tighten the rope on the recruitment process, get the right people for the money you invest in them!
You need performers not actors with speech!
Re-vamp the sales, marketing, management level.
Look at vertical clients, set targets on niche markets.
Get commodity-driven accounts to commit annually, stop investment in bigger vessels, join the alliance, and reduce slot numbers. That’s my views and suggestions to the MOL corporate.
Alessandro Pasetti
May 26, 2015 at 5:45 pmHi Kevin,
Thanks. Would you also recommend some kind of big change in the management team, too?
Furthermore, what kind of niche markets do you have in mind? Africa, for instance?
Best,
AP
Chas Deller
May 27, 2015 at 7:53 pmMOL have been in the Southern African market for 25 + years , their recent alliance grouping in Latam market is one way to cascade their capacity.
KEVIN MONTEATH
May 27, 2015 at 9:16 pmHello Chas,
How Freight Forwarder/Broker centric has the company been in terms of support! Big Slice of Business lyes here.
Changing the Management! its not an easy task to do, they need to pull up the socks, get out there and perform. Desk base is not the need any more, you have all communication worldwide in your Palm,
Major Shippers know where their have a business! reach them, you need them.Volume, trade lanes, Like i stated Verticals, Good volume plus revenue retention.
Big Ships ! this is growing faster than the human population and buying power too. Joint services only way out, if you ask me , there will be 2 sides to the coin, two rival alliances will cover the globe. How many liner would be needed, Increase frequency transit times, How soon and what commodity sales could impact this for better, you do not want the warehouse logistics depots to overflow, cargo needs to be sold replenished. This needs planing. Having the vessels with the infrastructure in place, does not stop there.
Manpower to get out there and bring the quality business, you need to sustain this segment.
25 years in Africa! okay great , whats out there and how much was your slice of the cake, did you get a fair share! If not? why not? these are important swift on going decision needed, it must come from the top and remind the people below, this is where you want to be in the next 5, years, there after, too.Thank you my views and suggestion, If I may say.