In the first half of the 2011 result clearly of OOIL it is diminished of 86.4%



In the first half of this year Orient Overseas (International) Ltd. (OOIL), group that work mainly a fleet of portacontainer through the branch Orient Overseas Container Linens (OOCL), has recorded a profit clearly of 175,3 million dollars with a bending of 86.4% regarding 1.291, 7 million dollars in the first semester of 2010. The revenues have grown of 6.9% to 2.920, 8 million dollars, while the operating result is diminished of 39.2% to 188,4 million dollars.

We remember that in the first semester of the 2011 fleet of portacontainer of OOCL it has transported cargo volumes pairs to 2.439.507 teu, with an increase of 9.4% on the first half last year (inforMARE on July 20, 2011).

"After the results record of our activities of containerized transport and logistics in the 2010 - the OOIL president has commented today, C C Tung - in the first half of this year commercial scene it has been difficult and the perspectives for the entire year are disappointing. The levels of the question continue to being reasonable, as it finds itself from the increase of the volumes enlivened regarding last year, but, since the rhythm of breaking in of new ability has exceeded the increase of the question, the hires on many routes East-West constantly have deteriotated regarding last year. This is particularly obvious for the Asia-Europe routes. The bending of the hires has happened in spite of the necessity to increase the revenues in order to compensate the meaningful increase of the price of the bunker and the other energetic courts happened this year".

"The field of the marine transport of the container - it has continued Tung - continues to being extremely competitive and anticipates a precarious balance between supply and demand that a fast collapse of the hires involves when new ability in rash way is introduced". Tung, as other leaders of the field, seems therefore to criticize the decision of the main shipowning companies of the containerized transport to emit consisting in recent months regulating in confronts of the ship yards for new portacontainer, phenomenon that is being characterized as a real new run to naval gigantism in the section of the portacontenitori. However - we observe - also the company of Tung has not avoided to this tendency having resumed to order ships of large-capacity: OOCL has in course the delivery of the last ones is of the eight portacontainer of the ability to 8.888 teu ordered and to the Hudong-Zhonghua Shipbuilding, that it will be completed in 2014, and in the course of the first semester of this year it has ordered ten new portacontainer from 13.208 teu to Samsung Heavy Industries that will be taken in delivery in 2013 and in 2014 (inforMARE on March 23, 2011).

Currently the OOCL fleet is constituted by 88 ships for a total ability pairs to about 415.000 teu. The company has in order others 12 ships for an ulterior ability pairs to beyond 130.000 teu.

"Given lasting of the pressure determined from the costs with which all the operators must get to terms - it has concluded Tung - are indispensable to improve the services in confront of the customers to the aim to attract ulterior volumes and to avoid to sacrifice the remuneratività".