In the first half of 2013 group OOIL it has recorded a net loss of 15 million dollars



In the first half of this year, after six semesters concluded with a profit, the shipowning group and logistic Orient Overseas (International) Ltd. of Hong Kong it is incurred in a net loss of -15,1 million dollars respect to a profit clearly of 117,2 million dollars in the first six months of 2012. OOIL has recorded also a bending (- 3.1%) of the revenues, that they are piled to 3,02 billion dollars regarding 3,12 billion dollars in the first half of 2012, and a decrease (- 97.7%) of the operating profit, that it is come down to 3,3 million dollars.

In the first semester of the 2013 fleet of portacontainer operated from the branch Orient Overseas Container Linens (OOCL) it has transported cargo volumes pairs to 2,55 million container teu, with a contraction of 1.5% on the first half last year, and such activity has generated revenues for 2,77 billion dollars (- 3.7%) ( on 19 July 2013)

"In the course of the first half of 2013 - it has found the chairman of OOIL, C C Tung - the uncertainty phase of the world-wide economy is continued and the field of the containerized transport has faced challenges determined from a weak person increase of the cargo volumes, from an excess of ability offered and from elevated costs of the bunker. In the first half of the 2013 increase of the market in all the main segments of traffic have been only of 2.2% approximately. If the markets attend an elevated question more in the second half of the year - it has found Tung - the field is still waiting for an increase of 10% of the breaking in the entire year of new constructions in terms of teu (or 270 new ships). These factors are culminated in a first disappointing semester for the group".

About the perspectives for the next Tung months it has manifested caution: "it seems - it has explained - than are the first signs that the total economic conditions are about to improve. However - it has emphasized - we must be aware that the slow down of the Chinese economy, the restructure of the economy in existence in Europe and the uncertainties about the sustainability and the force of the resumption in the United States and Japan continues to place challenges to the total economy. Within this scene the field must still tackle to an increase of 21% from the ability from today to 2015. Therefore we expect that the margins will continue to being risked and birds and that the situation will not improve substantially until that the relationship between supply and demand will not reach a better balance".