MANSOUR EL MEHDI SALEH
Chairman of the Germa Shipping Company

As the Chairman of the company, please give us a brief introductory overview of Germa Shipping and Stevedoring Company, its positioning in the market, and its main objectives.

Germa Shipping is the leading shipping company in Libya acting as a sole agent for some of the world’s leading shipping companies such as: NYK Lines, Wallenius Wilhelmsen, Nordana Line, Grimaldi Group, Mitsui O.S.K. Line, Cosco Shipping Co, Messina Line, Tarros International, Brointermed Line Ltd., Sloman Neptun Shipping & Transport Gmbh, Grandi Traghetti – Gilnavi, IRISIL (The Islamic Republic of Iran Shipping Lines), Losinjska Plovidba Brodarstvo, and other regional lines. Germa Shipping also acts as a correspondent for some of the leading protection and indemnity clubs worldwide.

We are the number-one shipping company, with about 75% to 80% of the total activities in Libya. We have a great deal of business with most of the European countries especially with Italy, Germany, and Greece. The main objective of Germa is to provide the best services and assistance to all clients and principals in shipping and commercial business in such a way as to protect mutual interests.

What is your relation with the General Maritime Transport Company?

We are two separate companies with different methods of operations; they are mainly ship owners while we are a shipping agency, including chartering, forwarding, etcetera. GMTC has a full government financial support, we don’t.

What impact did the UN economic sanctions on Libya have upon your company and what is the situation now they have been lifted?

The sanctions had a strong repercussion on our operations. The volume of trade dropped to its lowest level ever. As a private institution, we have to finance our operations and as revenue level dropped we faced some problems as we were deprived from our funds abroad and that it had to be deposited into blocked accounts. Now that the sanctions have been lifted, the economy is picking up faster than expected and ships are coming in and out from all our ports with hundreds of tons of goods. Currently the volume of commercial operations is about 45% to 50%, which I think is very good for us.

What is the structure of the company and what are your most important branches?

We have the headquarters here in Tripoli. The financial department, the administration department and the commercial department, which has just been established, are the strongest departments.

We have other branches in Benghazi, Misurata, Tobruk, Khoms, Rass Lanouf, Zawia, Brega, and Zwara. The most active ones are those of Misurata, Khoms, and Benghazi.

Libya has announced important economic reforms. How are you adapting from a state controlled economy to market controlled economy?

We were already operating under a similar system to the one presently introduced, as the structures and the foundations have been laid, we will have to build on them to improve our operations. Before the process there were a few shipping agents in operation however now we have more than 60 shipping agents operating in Libya. This will bring about competition and this will increase quality services.

What is the company’s positioning and strength within the Mediterranean region?

We enjoy a very good relation with all of our Arab and European neighbors in the Mediterranean region.

What is your opinion on the creation of a regional hub in Libya and what are going to be the main challenges the country is going to face?

Libya as you know has a big market potential within this region and with the necessary push we can catch up with others. We have a lot of plans and proposals, when these plans are fully implemented we can achieve great goals and objectives. I sincerely hope that in the next ten to fifteen years Libya will be somewhere there. Plans are also underway to use Tripoli and Misurata ports for receiving cargos for trans-shipment through the under construction free zone and subsequent transportation to their various destinations around the African continent. So you can see that we are doing our best.

What are your future plans for the company?

Our company will continue to operate as usual. We will continue to support the economy. Plans are underway to replace some of our old equipment and to renovate and upgrade our container depots. We have plans for installation of modern equipments such as computers though we have computerized system that is being upgraded to have an easy access to our clients. As I speak now, that project is being finalized.

How are you financing these projects and what is your interest in attracting investment to these projects?

We already have some German companies and other European companies interested. We are expecting to have interest from some American companies as well. There is a Canadian company that is being represented by a German company in North Africa. We have a good relation with this company, and before the end of the year, we will hold a seminar with them and invite many companies, including, of course, American companies to discuss these issues.

Another hot topic in Libya today is the privatization process. What would be your thoughts on the privatization of your company?

There is already privatization in my company. The income of the company belongs to the workers. All the cost of our operations comes from our own funds without any support from any source. But having said so we will abide by what the government comes up with.

So what kind of partnership would you be willing to create with American companies?

We are open to all offers from foreign companies. All offers will be studied.

You were telling us that you are implementing several new projects. What kind of training do you provide to your employees?

Local training is continuing in accordance with the available domestic program. From time to time we coordinate with the companies working with us to prepare training plans for our employees.

Some companies feel they have too many employees and if they want to be privatized they will be compelled to reduce their workforce in order to be competitive. What is your situation?

In our case I don’t think that will be the issue. All of our employees would still hold their positions.

What should our American readers know about Libya as an investment destination?

I would like to inform them that Libya is a safe place to do business and that they should disregard the wrong impression created by certain people about us and come here to do business. The climate for business here is very conducive and there is a lot to gain. They should forget the past and let us look into the future.

evo i mene malo unutra..
[smiley6]
izvjesce je bilo odlicno, drzanje u korekciji takodjer, cijena je vec bila daleko iznad ove, vjerujem u brodarstvo..
te su me stvari ponukale za ulazak, ovisno o daljnjim dogadjanjima, podebljat cu svoj ulog.
lijep pozdrva i mirno more svima

ajd dobro došao.

23.11.
1. DALMONT D.O.O. 161.983 24,45 Osnovni račun
2. FIMISI FOUNDATION 161.090 24,32 Osnovni račun
3. BUGA D.O.O. 112.147 16,93 Osnovni račun
4. APPLE MARINE INC. 30.921 4,67 Osnovni račun
5. HRVATSKI FOND ZA PRIVATIZACIJU 21.631 3,27 Osnovni račun
6. PBZ D.D./ILIRIKA JUGOISTOČNA EUROPA 12.571 1,90 Skrb. račun
7. RAIFFEISEN BANKA D.D. 4.067 0,61 Osnovni račun
8. RAIFFEISENBANK AUSTRIA D.D. ZAGREB 3.420 0,52 Skrb. račun
9. PODRAVSKA BANKA D.D. 2.861 0,43 Skrb. račun
10. PBZ D.D./ILIRIKA JUGOISTOČNA EUROPA BALANCED 2.762 0,42 Skrb. račun
Ukupno: 77,51

27.11.
Vlasnik računa Stanje [%] Vrsta računa
1. DALMONT D.O.O. 161.983 24,45 Osnovni račun
2. FIMISI FOUNDATION 161.090 24,32 Osnovni račun
3. BUGA D.O.O. 112.147 16,93 Osnovni račun
4. APPLE MARINE INC. 30.921 4,67 Osnovni račun
5. HRVATSKI FOND ZA PRIVATIZACIJU 21.631 3,27 Osnovni račun
6. PBZ D.D./ILIRIKA JUGOISTOČNA EUROPA 12.571 1,90 Skrb. račun
7. RAIFFEISEN BANKA D.D. 4.067 0,61 Osnovni račun
8. RAIFFEISENBANK AUSTRIA D.D. ZAGREB 3.420 0,52 Skrb. račun
9. PODRAVSKA BANKA D.D. 3.011 0,45 Skrb. račun ▲ +150 kom +0,02%
10. PBZ D.D./ILIRIKA JUGOISTOČNA EUROPA BALANCED 2.762 0,42 Skrb. račun
Ukupno: 77,53

Nije bilo nekog trgovanja sa LPLH ovih dana ali neka – dok ne bude cijena oko 1100 kn oupće ne pomišljam na prodaju – može samo dokup.

Brodari u US opet u porastu.

http://finance.yahoo.com/q/cq?s=DRYS,DSX,EGLE,ESEA,EXM,GNK,NM,QMAR,TBSI&d=v1

I ja ću podebljati ulog u skorije vrijeme, vjerujem da će i ovaj brodar ubrzo doći u fokus zbicanja i interesa ulagatelja, s obzirom da je dosta podcijenjen..Pozdrav!

Mozete pojasniti odakle target 1100 kuna. Meni se nikako ne cini realan obzirom na usporedbu s drugim brodarima. NAV bi bio 1100 kuna kada bi brodovi bili u nihovom vlasnistvu, a buduci da nisu, onda prepolovi.

Evo nešto od kolega Basila str. 33

BROD DWT GODINA IZGRADNJE KARAKTERISTIKE TRŽIŠNA CIJENA BRODA USD
Dora 30.900 1982 Handysize 13.000.000,00
Hana 42.609 1986 Handysize 32.000.000,00
Karolina 37.197 1986 Handysize 27.500.000,00
Karmen 38.135 1986 Handysize 27.500.000,00
Katarina 28.467 1986 Handysize 19.000.000,00
Lola 22.635 1979 Handysize 10.000.000,00
Lipa 5.716 / 214 TEU 1973 Container Vessel 1.000.000,00
Lošinj 9.450 / 519 TEU 1979 Container Vessel 2.500.000,00
Rijeka 3.979 / 400 TEU 1984 Container Vessel 2.500.000,00
Srakane 5.894 / 336 TEU 1986 Container Vessel 3.500.000,00
Susak 5.894 / 336 TEU 1987 Container Vessel 3.500.000,00

VRIJEDNOST BRODOVA UKUPNO USD 142.000.000
VRIJEDNOST NEKRETNINA 25.000.000
TEČAJ HRK/USD 5,1468
VRIJEDNOST BRODOVA i NEKRETNINA UKUPNO HRK 859.510.256
CASH (AOP 012) 88.669.000
DUGOROČNE KREDITNE OBVEZE (AOP 022) 244.555.000
KRATKOROČNE KREDITNE OBVEZE (AOP 025) 5.771.000

NET ASSET VALUE 697.853.256
NUMBER OF SHARES 662.416
NET ASSET VALUE PER SHARE 1.053CURRENT PRICE 778
DISCOUNT 35,4109%
[wink]

NET ASSET VALUE 697.853.256
NUMBER OF SHARES 662.416
NET ASSET VALUE PER SHARE 1.053CURRENT PRICE 778

podjeli sa 2!!!

ovdje su vas dobro oprali, nategli i pobjegli, a gubitak, strašno