Pressure container business in China give up the 100 ocean-going vessel purchase plan
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 displays that in 2008, China Ocean to accomplish functioning earnings increased 17.2% year-on-year. Gross margin for the 28.42 billion yuan, up by 9.5%. Total earnings of 14.88 billion yuan, up 41.8 per hundred decline. If you eliminate the ahead freight affirmations (FFA) and the decrease of two components, for example agreement provisions, in 2008, the identical caliber in 2007 contrasted to total earnings expanded by 4.7%. Ownership of parent business snare earnings of 10.83 billion yuan, up 43.3 per hundred 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 culmination of bulk cargo transport enterprise part 293.1 million tons of cargo, up 10.7 percent. 1500 billion tons cargo revenue miles, with fundamentally the identical as last year. Among them, the coal carrier of 89.35 million tons, up 1.5 per hundred decline; the capacity of metal ore conveyed 123.33 million tons, an boost of 8.3%, other cargo carrier of 80.42 million tons, an boost of 33.8%. The accomplishment of 71.6 billion yuan income, an boost of 34.1%.
China Ocean insiders said that the "dry bulk cargoes were mostly constructed on the household position, which is distinct from the canister business. By a considerable down turn in utilisation in Europe and America and the influence of international trade stagflation, slower stride of development in household market. Although the dry bulk enterprise can not accomplish last year the grade of the first three quarters, but contrasted to the fourth quarter, the position 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 data we can see that the purchase of boats is the largest expenditure. China Ocean insiders have said that at this time of new ship orders to buy the company more cautious. The new ships put into use, most tailored to two or three years ago. China Ocean has already placed orders for new ships in 2012, the current shipping market, the company has basically met the demand, an increase in new orders is unlikely. Generally speaking, if the market is still no significant improvement or recovery, the company will continue to take a cautious strategy to buy the ship to ensure that the company's cash flow situation of health.
COSCO Group has determined to annul this year's designed buy of boats. It is appreciated that the buy design encompasses more than 120 boats vessels, of which three-quarters of dry bulk carriers, tankers and the residual one quarter of canister ships.
China Ocean relevant to stress that this is only part of orders reported by subordinate units plan, not the order has already entered into the contract. The ship has signed a contract orders, the China Ocean will be taken in accordance with the contract vessels, there is no plan to cancel the order. He said, "This is mainly due to me this year, the volume of container transport, as well as lack of demand for dry bulk, and we therefore need to adjust the capacity, control costs."
And deserted as a effect of retard in deliverance, since the third and fourth quarters, the new vessels under the water, the real reduction. Relative surplus of scope for on the worldwide vessels market, lessening overload scope for and is conducive to the able-bodied development of the vessels market. However, if a vessel arranging to revitalize shipbuilding enterprises to advance in new briefings, then hard metal costs as one of the greatest shipbuilding enterprise customers, to some extent to enhance the sales of steel and hard metal, which to some bounds, the demand for steel ore will advance at the matching time turn has in addition commanded to the demand for coal. For China Ocean is no suspect is good. - 18758
The report displays that in 2008, China Ocean to accomplish functioning earnings increased 17.2% year-on-year. Gross margin for the 28.42 billion yuan, up by 9.5%. Total earnings of 14.88 billion yuan, up 41.8 per hundred decline. If you eliminate the ahead freight affirmations (FFA) and the decrease of two components, for example agreement provisions, in 2008, the identical caliber in 2007 contrasted to total earnings expanded by 4.7%. Ownership of parent business snare earnings of 10.83 billion yuan, up 43.3 per hundred 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 culmination of bulk cargo transport enterprise part 293.1 million tons of cargo, up 10.7 percent. 1500 billion tons cargo revenue miles, with fundamentally the identical as last year. Among them, the coal carrier of 89.35 million tons, up 1.5 per hundred decline; the capacity of metal ore conveyed 123.33 million tons, an boost of 8.3%, other cargo carrier of 80.42 million tons, an boost of 33.8%. The accomplishment of 71.6 billion yuan income, an boost of 34.1%.
China Ocean insiders said that the "dry bulk cargoes were mostly constructed on the household position, which is distinct from the canister business. By a considerable down turn in utilisation in Europe and America and the influence of international trade stagflation, slower stride of development in household market. Although the dry bulk enterprise can not accomplish last year the grade of the first three quarters, but contrasted to the fourth quarter, the position 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 data we can see that the purchase of boats is the largest expenditure. China Ocean insiders have said that at this time of new ship orders to buy the company more cautious. The new ships put into use, most tailored to two or three years ago. China Ocean has already placed orders for new ships in 2012, the current shipping market, the company has basically met the demand, an increase in new orders is unlikely. Generally speaking, if the market is still no significant improvement or recovery, the company will continue to take a cautious strategy to buy the ship to ensure that the company's cash flow situation of health.
COSCO Group has determined to annul this year's designed buy of boats. It is appreciated that the buy design encompasses more than 120 boats vessels, of which three-quarters of dry bulk carriers, tankers and the residual one quarter of canister ships.
China Ocean relevant to stress that this is only part of orders reported by subordinate units plan, not the order has already entered into the contract. The ship has signed a contract orders, the China Ocean will be taken in accordance with the contract vessels, there is no plan to cancel the order. He said, "This is mainly due to me this year, the volume of container transport, as well as lack of demand for dry bulk, and we therefore need to adjust the capacity, control costs."
And deserted as a effect of retard in deliverance, since the third and fourth quarters, the new vessels under the water, the real reduction. Relative surplus of scope for on the worldwide vessels market, lessening overload scope for and is conducive to the able-bodied development of the vessels market. However, if a vessel arranging to revitalize shipbuilding enterprises to advance in new briefings, then hard metal costs as one of the greatest shipbuilding enterprise customers, to some extent to enhance the sales of steel and hard metal, which to some bounds, the demand for steel ore will advance at the matching time turn has in addition commanded to the demand for coal. For China Ocean is no suspect is good. - 18758
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