Pressure box enterprise in China cease the 100 ocean-going vessel pay for arrange
2008 economic urgent position, the influence on the genuine finances producing in considerably shrinking the boats commerce in alignment to bulk products, directed by crude oil deep down, the Baltic Dry Freight Index (BDI) dropped into the trough. May 2008, BDI Index has come to historic high of 11,793 points, but then all the way down, in December last year had fallen to 663 points, making the Chinese boats commerce seems to hedge the gigantic losses.
The report shows that in 2008, China Ocean to achieve operating income rose 17.2% year-on-year. Gross margin for the 28.42 billion yuan, up by 9.5%. Total profit of 14.88 billion yuan, up 41.8 percent decline. If you remove the forward freight agreements (FFA) and the loss of two factors, such as contract provisions, in 2008, the same caliber in 2007 compared to total profits increased by 4.7%. Ownership of parent company net profit of 10.83 billion yuan, up 43.3 percent decline.
China Ocean insiders said that the last BDI Index and the China's trade overseas charge indicator of box out of a high degree of descent, substantially as a effect produced by the external surroundings, and the financial gathering itself is not much bond between profitability. In augmentation, the total yield of 41.8 out of 100 year-on-year descent was chiefly due to the long-term freight accords (FFA) and deficits due to bond provisions are included.
Pressure box enterprise
In 2008, the Chinese-owned ocean-going box shipping-related enterprises in the allotment of cargo and 5,792,593 TEUs, an advance of about 1.5%. The realization of profits 39.08 billion yuan, up 4.6 out of 100 decline.
China Ocean insiders, "said the world monetary slowdown last year, the U.S. sub-loan critical purpose broadened to the worldwide fiscal crisis. Major box vessels financial gatherings in Europe and America are intimately bound roads, but a sombre weakening in the monetary circumstances in Europe and the United States, effecting in a sombre hindrance for this business. However, a time when market demand, the financial gathering the scope for to acclimatise the layout of roads, the primary road into Europe and the United States into the second line scope for performances, Europe and the United States the right time to lessen the scope for trunk roads and the Atlantic. "
In 2008, and the other the windup of bulk cargo transport enterprise segment 293.1 million tons of cargo, up 10.7 percent. 1500 billion tons cargo earnings miles, with rudimentally the matching as last year. Among them, the coal carrier of 89.35 million tons, up 1.5 out of 100 decline; the size of steel ore brought 123.33 million tons, an advance of 8.3%, other cargo carrier of 80.42 million tons, an advance of 33.8%. The attainment of 71.6 billion yuan profits, an advance of 34.1%.
China Ocean insiders said that the "dry bulk cargoes were substantially assembled on the in the household circumstances, which is divergent from the box business. By a extensive descent in use in Europe and America and the consequence of worldwide trade stagflation, slower step of expansion in in the household market. Although the dry bulk enterprise can not realise last year the stage of the first three quarters, but weighed against to the fourth quarter, the circumstances has been optimistic. "
He also said that "China's ocean-going operations of this year, the pressure is still the largest container business, the company of foreign pessimistic expected future situation. In contrast, the dry bulk business that may arise this year, a turn for the better, because domestic the situation is gradually warmer. Therefore, the company will increase the investment capacity of domestic trade routes, an increase of 6.2 percent in capacity. "
To abandon plans to reduce the capacity to buy ships
It is comprehended that becomes noticeable in the China Ocean FFA after weighty deficits, have taken many of ways to defuse the "crisis." China Ocean Group and the Bank noted a more than 700 million loan line, part of which will be obtainable to registered companies. In augmentation, customers in addition embrace close support and stringent cost manipulate, dialogues with suppliers, to fortify the selling force.
China Ocean from the operational facts and numbers we can glimpse that the buy of vessels is the biggest expenditure. China Ocean insiders have said that at this time of new boat instructions to purchase the business more cautious. The new boats put into use, most tailored to two or three years ago. China Ocean has currently put instructions for new boats in 2012, the present boats market, the business has fundamentally contacted the demand, an boost in new instructions is unlikely. Generally talking, if the market is still no important enhancement or recovery, the business will extend to take a careful scheme to purchase the boat to double-check that the company's money flow position of health.
COSCO Group has resolved to call off this year's arranged pay for of boats. It is comprehended that the pay for arrange embraces more than 120 vessels vessels, of which three-quarters of dry bulk carriers, tankers and the outstanding one quarter of box ships.
China Ocean applicable to tension that this is only part of instructions described by subordinate flats design, not the alignment has currently went into into the contract. The boat has marked a agreement instructions, the China Ocean will be taken in agreement with the agreement vessels, there is no design to annul the order. He said, "This is mostly due to me this year, the capacity of canister transport, as well as need of demand for dry bulk, and we thus need to adapt the capability, command costs."
And abandoned as a result of delay in delivery, since the third and fourth quarters, the new vessels under the water, the actual reduction. Relative surplus of capacity on the global shipping market, reducing excess capacity and is conducive to the healthy development of the shipping market. However, if a ship planning to revitalize shipbuilding enterprises to increase in new orders, then steel prices as one of the largest shipbuilding enterprise customers, partly to boost the sales of iron and steel, which to some extent, the demand for iron ore will increase at the same time turn has also led to the demand for coal. For China Ocean is no doubt is good. - 18423
The report shows that in 2008, China Ocean to achieve operating income rose 17.2% year-on-year. Gross margin for the 28.42 billion yuan, up by 9.5%. Total profit of 14.88 billion yuan, up 41.8 percent decline. If you remove the forward freight agreements (FFA) and the loss of two factors, such as contract provisions, in 2008, the same caliber in 2007 compared to total profits increased by 4.7%. Ownership of parent company net profit of 10.83 billion yuan, up 43.3 percent decline.
China Ocean insiders said that the last BDI Index and the China's trade overseas charge indicator of box out of a high degree of descent, substantially as a effect produced by the external surroundings, and the financial gathering itself is not much bond between profitability. In augmentation, the total yield of 41.8 out of 100 year-on-year descent was chiefly due to the long-term freight accords (FFA) and deficits due to bond provisions are included.
Pressure box enterprise
In 2008, the Chinese-owned ocean-going box shipping-related enterprises in the allotment of cargo and 5,792,593 TEUs, an advance of about 1.5%. The realization of profits 39.08 billion yuan, up 4.6 out of 100 decline.
China Ocean insiders, "said the world monetary slowdown last year, the U.S. sub-loan critical purpose broadened to the worldwide fiscal crisis. Major box vessels financial gatherings in Europe and America are intimately bound roads, but a sombre weakening in the monetary circumstances in Europe and the United States, effecting in a sombre hindrance for this business. However, a time when market demand, the financial gathering the scope for to acclimatise the layout of roads, the primary road into Europe and the United States into the second line scope for performances, Europe and the United States the right time to lessen the scope for trunk roads and the Atlantic. "
In 2008, and the other the windup of bulk cargo transport enterprise segment 293.1 million tons of cargo, up 10.7 percent. 1500 billion tons cargo earnings miles, with rudimentally the matching as last year. Among them, the coal carrier of 89.35 million tons, up 1.5 out of 100 decline; the size of steel ore brought 123.33 million tons, an advance of 8.3%, other cargo carrier of 80.42 million tons, an advance of 33.8%. The attainment of 71.6 billion yuan profits, an advance of 34.1%.
China Ocean insiders said that the "dry bulk cargoes were substantially assembled on the in the household circumstances, which is divergent from the box business. By a extensive descent in use in Europe and America and the consequence of worldwide trade stagflation, slower step of expansion in in the household market. Although the dry bulk enterprise can not realise last year the stage of the first three quarters, but weighed against to the fourth quarter, the circumstances has been optimistic. "
He also said that "China's ocean-going operations of this year, the pressure is still the largest container business, the company of foreign pessimistic expected future situation. In contrast, the dry bulk business that may arise this year, a turn for the better, because domestic the situation is gradually warmer. Therefore, the company will increase the investment capacity of domestic trade routes, an increase of 6.2 percent in capacity. "
To abandon plans to reduce the capacity to buy ships
It is comprehended that becomes noticeable in the China Ocean FFA after weighty deficits, have taken many of ways to defuse the "crisis." China Ocean Group and the Bank noted a more than 700 million loan line, part of which will be obtainable to registered companies. In augmentation, customers in addition embrace close support and stringent cost manipulate, dialogues with suppliers, to fortify the selling force.
China Ocean from the operational facts and numbers we can glimpse that the buy of vessels is the biggest expenditure. China Ocean insiders have said that at this time of new boat instructions to purchase the business more cautious. The new boats put into use, most tailored to two or three years ago. China Ocean has currently put instructions for new boats in 2012, the present boats market, the business has fundamentally contacted the demand, an boost in new instructions is unlikely. Generally talking, if the market is still no important enhancement or recovery, the business will extend to take a careful scheme to purchase the boat to double-check that the company's money flow position of health.
COSCO Group has resolved to call off this year's arranged pay for of boats. It is comprehended that the pay for arrange embraces more than 120 vessels vessels, of which three-quarters of dry bulk carriers, tankers and the outstanding one quarter of box ships.
China Ocean applicable to tension that this is only part of instructions described by subordinate flats design, not the alignment has currently went into into the contract. The boat has marked a agreement instructions, the China Ocean will be taken in agreement with the agreement vessels, there is no design to annul the order. He said, "This is mostly due to me this year, the capacity of canister transport, as well as need of demand for dry bulk, and we thus need to adapt the capability, command costs."
And abandoned as a result of delay in delivery, since the third and fourth quarters, the new vessels under the water, the actual reduction. Relative surplus of capacity on the global shipping market, reducing excess capacity and is conducive to the healthy development of the shipping market. However, if a ship planning to revitalize shipbuilding enterprises to increase in new orders, then steel prices as one of the largest shipbuilding enterprise customers, partly to boost the sales of iron and steel, which to some extent, the demand for iron ore will increase at the same time turn has also led to the demand for coal. For China Ocean is no doubt is good. - 18423
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