OOIL confirmation the intention to upgrade own fleet of portacontainer



The shipowning group and logistic Orient Overseas (International) Ltd. (OOIL) clearly has archived item exercise 2010 with a profit of 1.847, 4 million dollars on revenues for 6,033, 4 million dollars respect to a net loss of 400,6 million dollars on revenues for 4,350, 2 million dollars in exercise 2009. The operating profit has been positive for 918,8 million dollars respect to operating liabilities of 332,2 million dollars in the year precedence.
The result clearly of 2010 includes proceeds for 1,004, 6 million dollars deriving from the cession of Orient Overseas Development Ltd. (OODL), the branch of real estate company of the group ( on 18 January 2010). Last year the result clearly generated from the branch shipowning Orient Overseas Container Linens (OOCL), that it constitutes Core business of the group, has been positive for 849,2 million dollars respect to a net loss of 375,1 million dollars in 2009.

Last year the fleet of portacontainer of OOCL has transported a container volume pairs to 4.768.000 teu, in increase of 14.6% on the year precedence ( on 26 January 2011). We remember that at the end last year the group has ordered the construction of two new ships from 8.888 teu ( on 16 December 2010) that six portacontainer joins to others of the same ability ordered from the company of Hong Kong to the Chinese ship yard Hudong-Zonghua Shipbuilding that will be taken in delivery between 2011 and 2014.

To guarantee the rumors that she gives for imminent a new investment of OOIL in order to ulteriorly increase the ability to own fleet of portacontainer today, commenting the results of budget 2010, the president of OOIL, C C Tung, has declared that, "in order to remain competitive she is from the point of view of the supply of services to the customers that gives that of the operating costs, the group will continue to invest in the fleets of ships and container of OOCL and in the terminalistica infrastructure necessary in order to support the previewed increase of the question". However Tung has specified that "the investments will be realized progressively, online with our ability financial institution, and will be carried out only if they will support or increase our profit". At the end of the 2010 fleet of portacontainer of OOCL he was constituted by 84 ships (of which 45 of property) for a total ability to 383.855 teu.

"For 2011 - Tung has said - positive the immediate perspectives permangono, are also improbable that it can be repeated in the 2011 level of increase of the question to which we have assisted on the routes East-West in 2010. Quantunque in the 2011 total economic increase probably will be dimmed - it has added - considers that supply and demand will be almost in balance. With this in the 2011 it would have to be assisted to a return to a seasonal outline standardized regarding the volumes and the hires regarding 2009 and to 2010. The group - it has emphasized Tung - continues to solid being from financial the operating point of view and being very capitalized and sufficient liquidity and financing in order to satisfy the future requirements". "Al 31 Decembers the 2010 - the financial director of OOIL, Kenneth Cambie has explained - group has sales altogether active liquids for 4,132, 9 million dollars respect to a repayable indebtedness for 247,8 million dollars in 2011".