OOIL clearly closes 2011 with a profit of 182 million dollars



The Orient Overseas (International) Ltd. (OOIL), society of Hong Kong who stops the entire capital of the shipowning company Orient Overseas Container Linens (OOCL) clearly has archived item the 2011 with a profit of 182 million dollars on revenues for six billions of dollars respect to a profit clearly of 1,9 billion dollars on revenues for six billions of dollars in the exercise anniversary precedence. The operating profit is piled to 175 million dollars regarding 919 million dollars in 2010.

In the single second half of the year of the 2011 company it has totaled a seven profit clearly million dollars on revenues for three billions of dollars respect to a profit clearly of 583 million dollars on revenues for 3,3 billion dollars in the second half of 2010. The operating result has been negative for 14 million dollars respect to a profit of 609 million dollars in the second half of the year of 2010.

"If we have begun 2011 considering that the strong difficulties of 2009 and the 2010 were to our shoulders and that we would have had in front of a period of constant increase - has commented today the president of OOIL, CC Tung - in the course last year the commercial situation in the field of the containerized transport has become more and more difficult".

In the 2011 fleet of portacontainer of OOCL five million teu have transported cargo volumes pairs to beyond, with an increase of 5.6% on 2010 ( on 20 January 2012). However the revenues generated from this activity are diminished of 1.5% to 5,5 billion dollars mainly because of the bending of 7% of the medium hire for determined container teu above all from the decrease of 29% of the level of the hires of the services from Asia to Europe.

Tung has confirmed that the decrease of the hire installments has been sharpened in the second half last year and that to compress the margins has contributed also the continuous one elevated level of the price of the fuel. This - it has found - has generated the necessity of a greater operating efficiency that has led in the formation of new alliances between the companies for the Asia-Europe route, "included - Tung has remembered - a group of six carriers called "G6 Alliance", of which OOCL it is charter member" ( on 20 December 2011).

If on one side Tung has evidenced that in the 2011 "increase of the question she has revealed herself inadequate for regulating absorption of the ability to the new constructions that are taken in delivery in the course of the year", from the other the OOIL president has confirmed the strategicità of the potenziamento of the fleet of the group with the order of ten portacontainer of the unitary ability to 13.200 teu: "the order of the ships from 13.200 teu - it has explained - confirmation the current role of OOCL which total carrier and its engagement in the long term turned in particular to the traffics between Asia and Europe. When they will be taken in delivery in 2013 and in 2014 - it has added - these ships will ulteriorly increase the competitiveness of the costs OOCL base and meanwhile they will help us to coherently reduce the emissions with our attention to the protection of the atmosphere and its promotion".

OOIL work also terminalistiche activities in the ports of Long Beach and Kaoshiung that in the 2011 have enlivened a traffic of the container pairs to 1,7 million teu. Tung has remembered that recently own group has undersigned an agreement in order to operate to manage for 40 years the container terminal to the Middle Harbor of the port of Long Beach

"For 2012 - it has found Tung - we consider that the conditions of the market will continue to being difficult. Probably the main markets of the America North and Europe will see a low level of increase of the question in consideration of the slow down of the increase of those economies. In the 2012 ulterior ability generated from the previewed delivery of new constructions it will exceed that of 2011 and will be dominated newly by great destined ships to being used in the Asia-Europe traffics. Even if from the beginning of this year it has been some improvement of the hires is for the Asia-Europe routes that for those transpacifiche, the installments of hire for these traffics will not cover the costs entirely, in particular because of the increase of the cost of the fuel that has happened".

Tung has emphasized however the solidity financial institution and the sufficient liquidity of OOIL. The financial director of the group, Kenneth Cambie, has confirmed that to 31 last December the group had sales active liquids for 2,413, 1 million dollars regarding an expenditure of 439,1 million dollars previewed for 2012 for reimbursement of the debit.