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 items cost catalogue of canister out of a high degree of down turn, mostly as a outcome initiated by the external natural environment, and the business itself is not much connection between profitability. In supplement, the total earnings of 41.8 per hundred year-on-year down turn was mostly due to the long-term freight affirmations (FFA) and deficiency due to agreement provisions are included.
Pressure box enterprise
In 2008, the Chinese-owned ocean-going canister shipping-related enterprises in the allowance of cargo and 5,792,593 TEUs, an boost of about 1.5%. The realization of income 39.08 billion yuan, up 4.6 per hundred decline.
China Ocean insiders, "said the world economic slowdown last year, the U.S. sub-loan crisis extended to the global financial crisis. Major container shipping companies in Europe and America are closely connected routes, but a serious deterioration in the economic situation in Europe and the United States, resulting in a serious setback for this business. However, a time when market demand, the company the capacity to adjust the layout of routes, the original route into Europe and the United States into the second line capacity operations, Europe and the United States the right time to reduce the capacity trunk routes 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 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 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 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. - 18424
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 items cost catalogue of canister out of a high degree of down turn, mostly as a outcome initiated by the external natural environment, and the business itself is not much connection between profitability. In supplement, the total earnings of 41.8 per hundred year-on-year down turn was mostly due to the long-term freight affirmations (FFA) and deficiency due to agreement provisions are included.
Pressure box enterprise
In 2008, the Chinese-owned ocean-going canister shipping-related enterprises in the allowance of cargo and 5,792,593 TEUs, an boost of about 1.5%. The realization of income 39.08 billion yuan, up 4.6 per hundred decline.
China Ocean insiders, "said the world economic slowdown last year, the U.S. sub-loan crisis extended to the global financial crisis. Major container shipping companies in Europe and America are closely connected routes, but a serious deterioration in the economic situation in Europe and the United States, resulting in a serious setback for this business. However, a time when market demand, the company the capacity to adjust the layout of routes, the original route into Europe and the United States into the second line capacity operations, Europe and the United States the right time to reduce the capacity trunk routes 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 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 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 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. - 18424
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