B ULK D ISTRIBUTOR
Tank Containers
September/October 2017
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EW has launched integrated logistics services for the
support and refurbishment of tank containers at its
newly expanded Weitefeld, Germany facility.
The company’s comprehensive through life support services
include deployed field service, support and upgrade options , full
refurbishment, and spare parts supply for both military and civil
customers.
WEW’s tank container systems are in use with military, chemical
and logistics customers worldwide, transporting storing and
delivering gas and liquids - from potable water to some of the
most toxic chemicals in existence - across global supply chains.
The manufacturer says the high reliability of its products and
serviceability ensure that they can continue to withstand the
rigors of multimodal transport and storage in
extremely harsh environmental conditions
throughout their decades-long lifecycle.
The service process begins with a visual and
functional survey carried out by ultrasonic scan,
X-ray, vacuum and pressure tests, or other
inspections as required.
Work includes repair of damage to structural
elements, such as head frames, longitudinal rails,
tank body, and attachment parts. Sealings are
replaced as required, wear and tear checks are
carried out on all components, and hydraulic and/
or electric equipment is checked and repaired,
including integrated heating/cooling equipment,
valve control, pumps, electronic devices and power
generators. The tanks are then typically pressure-
tested and repainted if required.
Repaired, upgraded and refurbished units are tested and
certified before their return to the customer.
Depending on the work carried out servicing can extend a
tank’s usability by between 30 months and five years; extensive
refurbishment can extend the unit’s life by a further 10 to 20
years.
WEW has worked with a number of military customers on tank
servicing and refurbishment including the US Army and German
Bundeswehr. Orders range from a single unit in need of repair, a
series of units, or orders placed under multi-year framework
contracts.
www.wew-tankcontainer.de
A WEW Integrated
Logistics Service
water module before
repair (above) and
refurbished (left)
Suretank
strengthens
LatAm team
S
uretank Latin America has appointed Paulo Fernandes
Gurgel as senior consultant.
In this newly created role, Gurgel will head up the company’s
operational cost savings programme, Suresave, providing strategic
support and advice to customers to help improve efficiency of their
operations, and deliver value added propositions with immediate
impact on cash management.
Gurgel brings with him extensive experience having spent 19 years
with BR, a subsidiary of Petrobras and the largest distributor and
marketer of petroleum derivatives and biofuels in Brazil. During his
past 11 years with Petrobas he was responsible for the management
of more than 90 percent of the chemical market for offshore oil
production in Brazil. He has held a number of senior management
positions and has an MBA in Auditing & Finance, and Business
Management from UFF and FGV, Brazil.
He joins Suretank as part of a continued investment programme to
extend the company’s presence in the offshore tank market in Brazil
and the rest of Latin America.
Marco Pfeifer, CEO of Suretank Latin America, said of his
appointment: “This is a significant appointment for our business.
Paulo has extensive knowledge of the chemical logistics market for
the exploration and production of oil & gas. He is a very valuable
asset to have in such a challenging market.”
Suretank has the largest number of DNV 2.7-1 certified products
and, in Brazil, works within NORMAM 5 (Brazilian Navy’s requirement
for operation with dangerous cargoes in the offshore market).
www.suretank.com
www.odysseylogistics.com
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High euro hits VTG
A
strong euro is proving a burden on
earnings, according to VTG’s first half
earnings statement.
Within the tank container logistics division first-
half revenue of €78.1 million was 5.9 percent
down on the same period a year ago (€83
million).
Additionally, shifts in transport streams had a
negative impact on realisable margins. Still, since
the division was able to maintain its higher
transport volume in the second quarter, the
picture halfway through the year continued to
reflect “pleasing development” year on year, the
company said.
The increase was particularly strong in overseas
and intra-Asian business. Both the strength of
the euro and this margin effect weighed on
EBITDA, which declined by 11.6 percent from
€5.8 million in the first half of 2016 to €5.1
million in the latest period.
EBITDA margin, which is based on gross profit,
thus fell in the same period by 3.4 percentage
points to 34.7 percent (H1 2016: 38.1 percent).
The railcar division posted revenue of €128.5
million in the second quarter of 2017, 2.3
percent more than in the previous quarter
(€125.6 million). This gain was almost sufficient
to offset the weaker start to the year. Halfway
through the financial year, revenue of €254.1
million thus remained virtually unchanged from
the same period a year ago (€254.7 million).
VTG put this down to stronger demand for
intermodal wagons and a positive trend in the
North American and Russian markets. In the first
half, capacity utilisation for the entire fleet thus
rose to 91.2 percent (H1 2016: 90.1 percent).
Second-quarter EBITDA of €86.4 million was
13.3 percent higher than the €76.2 million
reported in the first quarter. However, that was
not enough to compensate fully for high
maintenance and wheelset expenses in the first
quarter. Accordingly, EBITDA of €162.6 million at
mid-point was slightly below the €165.5 million
recorded a year ago.
Group revenue increased by 4.6 percent to
€255 million. EBITDA was up 13.3 percent to
€86.7 million. Positive development was also
evident compared to the same quarter a year
ago, with revenue 2.2 percent higher (Q2 2016:
€249.5 million) and EBITDA up 2.9 percent (Q2
2016: €84.2 million).
Despite a rather weak start to the year, group
net profit of €27.5 million for the first half
marked an improvement on the previous year
(€26.7 million).
www.vtg.com
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