REGIONAL REPORTAUSTRALASIA
Spliethoff is still finding niche opportunities in Australasia.
meet the repayments, the McAleese board said it had no choice but to appoint administrators. On August 29, four McGrathNicol
executives were appointed voluntary administrators of McAleese and each of its subsidiaries. McAleese shareholders are highly unlikely to receive any value for their shares.
Redundancies Another example of the downturn impacting the Australian market is Farstad Shipping (Indian Pacific) cutting back on seafaring and administrative jobs. The redundancies are “the result of major project work off Western Australia being completed and the downturn in the oil and gas sector”, Farstad said in a statement. As a result, Farstad announced it was
closing its Melbourne office and would work only out of its Perth headquarters. The boom-and-bust cycle, which helped
floor McAleese and impacted Farstad, is recognised by local players in the project forwarding and heavy lift sector. Brad Skelton, managing director of Australian
www.heavyliftpfi.com
Australian market of the last 20 years or so. There are no ‘major’ projects under way in the resources sector currently,” said Skelton. “We are busy with smaller ad hoc moves
and managing to grow our business overall, but I would generally say the major project markets are still receding with commodity prices still mostly low.” Skelton said that with the highs of the
IEG has secured a niche role in three big projects that promise continuing work in 2017. – Zoran Nastevski, IEG
based Depth Logistics, said he wished he could paint an upbeat picture but the current market does not allow it. “There is little to no capital expenditure going on from the big players in the
resources boom having passed, capacity in shipping and logistics is now normalising. “We see a ‘normal’ market as basically the cargo volumes and conditions of 1996 or earlier.” This pressure is sorting out the wheat
from the chaff in the forwarding industry, he said. When commodity prices were high “every freight forwarder could be a hero and declare themselves a ‘project freight forwarder’, but these same people have nearly all retreated back to document satchels, containers and general freight”. While the general overview of the market
is muted, some good opportunities are still available. Zoran Nastevski of International Export Group (IEG), which has offices in
January/February 2017 101
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148
