Orient Overseas Container Linens improves the economic performances



In the 2012 shipowning society Orient Overseas Container Linens (OOCL) of Hong Kong it has recorded clearly an improvement of the financial results having had archived item the exercise anniversary with a profit clearly of 297 million dollars on revenues for 6,5 billion dollars, with increments respective of 63.0% and 7.4% on 2011. The operating profit is piled to 329 million dollars (+88.2%).

Last year the fleet of portacontenitori of the company has transported cargo volumes pairs to beyond 5,2 million container teu, with a progression of 3.7% on 2011.

The increase of the economic results of 2012 is generated mainly by the rise of the results in the second half of the year, period that OOCL has closed with a profit clearly of 180 million dollars and an operating profit of 189 million dollars on revenues for 3,3 billion dollars respect to a profit clearly of 7,0 million dollars and operating liabilities of 13,8 million dollars on revenues for 3,1 billion dollars in the second half of the year of 2011.

However the increase in the second half of the year last year is produced mainly in the course of the third trimester, since at the end of the 2012 company of Hong Kong it has accused the impact of a worsening of the market, as has explained C C Tung, president of Orient Overseas (International) Ltd. (OOIL), group leader of OOCL: "if 2012 have been a profitable year for the group - it has specified - the market of the containerized transport has continued to challenging being since the field labors to absorb the important ability to the ships of new construction and meanwhile to tackle to lasting of a weakening of the question. The hires - he has remembered - have been to a level particularly low at the beginning of the year, but they have been raised in the arc of the first semester and in the second half of 2012. During this period the field has been able to absorb the new ability that is taken in delivery, but in the fourth trimester, with the ulterior deterioration of the economies of the eurozona and with the increase on the sly in the United States, it has been assisted to a deterioration is of the hires who of the load factor, since the ability excess is accompanied by an inadequate question, giving as a result a end of the disappointing year".

"After an important performance in the first semester and satisfactory a third trimester - it has continued Tung - in the course of the last trimester of the year the operating profit of OOCL quickly has the impact of the pressure on the hires. The pressure of the competition has been more intense on the Asia-Europe route, since the carriers have tried to preserve the volumes in spite of a contraction of the level of the traffics. A partial attenuation of this pressure has reached from a reduction of the prices of the bunker fuel regarding the recorded levels much elevating in the first half of the year, that he has remained stable until the turn of the year".

According to Tung, "the year that we have in front of seems to be difficult as it has been 2012. More than other industrial fields - it has observed the OOIL president - the containerized marine transport is influenced by the conditions of the world-wide economy that have an impact on the volumes of the exchanges and consider that an ulterior one been extended period of lowland economic increase will continue after last the four years of economic crisis. If the economic situation in the United States is improving - it has explained - the rhythm of continuous the economic resumption to being slow and the question of the consumers continuous to being weak person. The been extended deflation in Europe has caused a decrease of the imports from Asia and, with the economies of the zone of the euro in continuous fight, sussiste the possibility that an ulterior contraction happens before a resumption".

"With an ulterior increase of the ability determined from the ships of new construction in delivery in the 2013 - it has still found Tung - competition and the consequent pressure on the hires they will continue to being intense. The ability to the field to absorb ulterior ability is put to the test and there are risks for the levels of given service the reduced number of spins that are operated on the main commercial routes".