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VENTURE Issue 3 - Wallenius Wilhelmsen Logistics

VENTURE Issue 3 - Wallenius Wilhelmsen Logistics

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Here to stay<br />

The Middle East is a very active<br />

market for many of <strong>Wallenius</strong><br />

<strong>Wilhelmsen</strong>’s key High and Heavy<br />

customers. The Middle East Express<br />

service comes as a great extension<br />

to our services in a new area.<br />

The more routes and berths we<br />

serve, the greater our potential to<br />

maximize the use of our vessels and<br />

deliver cross trade to our customers.<br />

<strong>Wallenius</strong> <strong>Wilhelmsen</strong> seeks to<br />

provide a total solution, developing<br />

services in areas of high demand.<br />

The Middle East Express service is<br />

a great opportunity for <strong>Wallenius</strong><br />

<strong>Wilhelmsen</strong> and our customers.<br />

The market looks very robust and is<br />

going to remain that way for a long<br />

time. With interest expressed from<br />

all of our key customers, this<br />

service looks set to become yet<br />

another addition to an already<br />

strong global portfolio. ■<br />

John J Felitto<br />

Senior Vice President<br />

<strong>Wallenius</strong> <strong>Wilhelmsen</strong> Lines<br />

Americas<br />

Published by Global Corporate Communications www.2wglobal.com<br />

Middle East Express<br />

sets sail<br />

May 2005 will mark the inaugural voyage<br />

for the first <strong>Wallenius</strong> <strong>Wilhelmsen</strong> vessel on<br />

its Middle East Express service. The move<br />

to launch a direct monthly service from the<br />

US to the Middle East ports of Jeddah,<br />

Saudi Arabia, Kuwait, Damman and Dubai<br />

comes from unprecedented growth in<br />

the region.<br />

Due to the combination of economic growth<br />

with redevelopment and reconstruction in<br />

the Middle East, the demand for heavy<br />

machinery, automobiles, construction parts<br />

and oil equipment is at an all-time high.<br />

Customers will benefit from potential links<br />

to South America and <strong>Wallenius</strong><br />

<strong>Wilhelmsen</strong>’s global logistics chain. The<br />

requirement for increased transportation<br />

capacity using a fast, efficient, carrier<br />

service from the US will also be met.<br />

The service will initially run two vessels on<br />

a competitive schedule for the round trip.<br />

Plans are in place to expand the service to<br />

four vessels, enabling an impressive 21 day<br />

frequency.<br />

Striving for<br />

cleaner seas<br />

In April, <strong>Wallenius</strong> <strong>Wilhelmsen</strong> actively raised<br />

the issue of environmental challenges on the<br />

high seas by bringing together the world’s<br />

top international maritime and business<br />

publications at its Marine Environment Club<br />

in London, with the goal of discussing the<br />

current state of the oceans.<br />

Dr Sian Pullen, Head of European Marine<br />

Programme, WWF, hosted the debate with<br />

Lena Blomqvist, Vice President,<br />

Environment, <strong>Wallenius</strong> <strong>Wilhelmsen</strong>. Last<br />

September, <strong>Wallenius</strong> <strong>Wilhelmsen</strong> signed<br />

a three-year agreement with the global<br />

conservation organisation.<br />

ISSUE 3 2005<br />

Gordon Hammer, Head of Americas<br />

Trade, <strong>Wallenius</strong> <strong>Wilhelmsen</strong>, pinpoints the<br />

advantages of the Middle East Express<br />

service: “<strong>Wallenius</strong> <strong>Wilhelmsen</strong>’s ability to<br />

service ports directly is crucial. Being a<br />

global carrier, we can link up to local trade<br />

lanes, enhancing our existing services.”<br />

As well as delivering an efficient service,<br />

the global carrier is also looking to develop<br />

and grow the existing market. In Galveston,<br />

Texas, <strong>Wallenius</strong> <strong>Wilhelmsen</strong> is developing<br />

a modern port to improve efficiency and<br />

accommodate increased traffic, as well as<br />

link Middle East Express to its South<br />

American trade routes. ■<br />

The meeting explored major environmental<br />

threats, including global climate change,<br />

land-based sources of marine pollution,<br />

over-fishing and the impact of ballast<br />

water, used to maintain vessels’ stability.<br />

The debate also encompassed the use of<br />

low sulphur fuel – a practice <strong>Wallenius</strong><br />

<strong>Wilhelmsen</strong> has endorsed for a number of<br />

years – and the potential of routing ships<br />

around sensitive sea areas. ■


US Dollars per barrel<br />

Bunker oil<br />

price rise<br />

260<br />

240<br />

220<br />

200<br />

180<br />

160<br />

140<br />

120<br />

April<br />

2004<br />

June<br />

2004<br />

July<br />

2004<br />

Aug<br />

2004<br />

Sept<br />

2004<br />

Oct<br />

2004<br />

Nov<br />

2004<br />

Dec<br />

2004<br />

Feb<br />

2005<br />

Rotterdam bunker oil<br />

Price change over last 12 months<br />

Mar<br />

2005<br />

A variety of factors have conspired to<br />

raise the price of bunker oil to a<br />

historical high. A larger demand on<br />

bunker resources, combined with a lack<br />

of new refineries and discoveries, as<br />

well as market uncertainty from events in<br />

West Africa and the Middle East, has<br />

led to sustained rising prices across the<br />

globe. A shipping market that puts more<br />

pressure on carriers to run more vessels<br />

at greater speed has also resulted in<br />

higher marine fuel consumption.<br />

<strong>Wallenius</strong> <strong>Wilhelmsen</strong> is working to<br />

maintain control of increasing costs in<br />

order to protect its customers and<br />

minimize its Bunker Adjustment Factor<br />

(BAF) surcharge. On current predictions,<br />

bunker oil will represent up to 50% of<br />

total running cost per vessel in the near<br />

future. In addition, approaching lowsulphur<br />

fuel requirements look set to<br />

further increase running costs for carriers.<br />

With fewer barrels being produced<br />

globally and demand continuing to rise,<br />

particularly from Eastern markets, the<br />

future rests more than ever in<br />

developing transport that is less reliant<br />

on traditional fuels.<br />

<strong>Wallenius</strong> <strong>Wilhelmsen</strong> holds environmental<br />

friendliness as one of its core values.<br />

<strong>Wallenius</strong> <strong>Wilhelmsen</strong> currently works in<br />

advance of low-sulphur fuel<br />

requirements and spearheads the<br />

development of fuel-efficient vessels and<br />

alternative power sources to ensure<br />

future cost-efficiency. ■<br />

April<br />

2005<br />

Published by Global Corporate Communications www.2wglobal.com<br />

ISSUE 3 2005<br />

Sydney Harbour<br />

welcomes Toledo<br />

Sydney Harbour, Australia, played host to its first vessel<br />

naming ceremony, launching the latest addition to the<br />

<strong>Wallenius</strong> <strong>Wilhelmsen</strong> fleet, Toledo, on April 22.<br />

The event took place in the shadow of the new vessel,<br />

berthed strikingly between Sydney’s two main<br />

landmarks, the Harbour Bridge and Opera House.<br />

Among the 300 guests at the event<br />

were dignitaries and captains of the<br />

automotive, agricultural, construction<br />

and mining industries from Australia,<br />

New Zealand, Japan, UK, USA and<br />

Scandinavia. The new vessel is part of<br />

<strong>Wallenius</strong> <strong>Wilhelmsen</strong>’s new building<br />

program, aimed at boosting fleet<br />

capacity. The 61,300 tonne vessel<br />

comes to Sydney, one of the main ports<br />

served by <strong>Wallenius</strong> <strong>Wilhelmsen</strong>, from<br />

the yards of Mitsubishi Heavy<br />

Industries (MHI) in Nagasaki, Japan.<br />

Ingar Skaug, President and CEO,<br />

Wilh. <strong>Wilhelmsen</strong> hosted the event<br />

and introduced the vessel’s lady<br />

sponsor, Mrs Sissel Wang, who<br />

bestowed the vessel name and used a<br />

symbolic axe to cut a line that<br />

launched Toledo.<br />

Toledo is part of a younger generation<br />

of vessels that are around 20 percent<br />

more fuel-efficient than their<br />

predecessors. These vessels form a<br />

key part of the global carrier’s<br />

leadership in environmental issues.<br />

Co-host Peter Dexter, Regional<br />

Director, <strong>Wallenius</strong> <strong>Wilhelmsen</strong> Lines<br />

Oceania, commented on its<br />

significance: “We introduced ro-ro<br />

ships in the late ‘60s-70s in Australia<br />

and today we’re still building new<br />

ships which are an evolution of that<br />

particular class which represent the<br />

most modern in the world. Vessel<br />

capacity has more than doubled and<br />

this is a reflection of how the concept<br />

of Roll on Roll off has evolved since<br />

we brought these ships into Australia<br />

35 years ago.” ■

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