In the second half of the year of 2013 the deterioration of the economic results of OOIL is continued



Also in the second half of the year of 2013, so as in first ( of 8 August 2013), the group Orient Overseas (International) Ltd. (OOIL) has recorded a bending of the economic results regarding the correspondents periods of the year precedence. In the period July-December last year OOIL it has totaled in fact a profit clearly of 62,3 million dollars on revenues for 3,21 billion dollars, with decreases respective of the -65% and the -4% on the second half of 2012. The operating profit is dropped of the -54% to 87,0 million dollars.

The group of Hong Kong clearly has archived item the entire exercise anniversary 2013 with a profit of 47,1 million dollars on revenues for 6,23 billion dollars, with contractions respective of the -84% and the -4% on 2012. The operating profit is diminished of the -73% to 90,3 million dollars. We remember that in the 2013 fleet of portacontainer of the branch Orient Overseas Container Linens (OOCL), that constitutes Core business of the group, it has transported cargo volumes pairs almost 3,5 million teu, with an increment of +1.5% on the year precedence, generating revenues for 5,6 billion dollars (- 4.9%) ( on 24 January 2014).

"In the 2013 - it has commented the chairman of OOIL, C C Tung - in the line field marine transport it has recorded an attenuation. The levels of the hires have been disappointing, in particular in the course of the first semester of the year. In the second half of the year they are improved is the physical transport of the cargos that the perspectives, generating an light improvement of the market. Even if in the 2013 question of containerized marine transport he has been inferior regarding the forecasts precedence, also the increase of the ability offer has been inferior to the waits and this has contributed to the absolutely necessary, even though light one, rise of the hires in the second half of the year. In the section - Tung has explained - in the 2013 deliveries of new constructions they have reached a level record of tonnage with almost 1,4 million teu. With the demolition of old tonnage pairs to about 440.000 teu happened in 2013, in the market the total offer of ability has grown of +5.7% respect to an increase of +4.2% of the total question of transport. The breaking in of the greatest new constructions in the Asia-Europe traffics has primed an effect to cascade in the transpacifici traffics, than in its turn it has involved the transfer of a considerable number of ships average-sized towards other routes of traffic. This effect to cascade has determined a remarkable excess of ability in the traffics intra-asiati us and with Australia/Oceania let alone in the transpacifici traffics and has carried volatility in the market".

Tung has remembered that "in the 2014 she previews that an ulterior increase of the tonnage will determine a maintenance of the ability excess. He previews himself, however - he has specified - than in the 2014 increase of the question will be advanced regarding that of 2013. With the resumption in the United States that a fact is time, with a resumption that will carry the eurozona on a more solid land and with the current trajectory of Chinese and Japanese economic increase we will have to in emerging markets attend an improvement of the commercial exchanges in spite of the recent uncertainty. This is true above all for the main traffics East-West. In fact this trend would have to mean an improvement of the perspectives for the traffics transpacifici, Asia-Europe and intra-asiati us and turned out more positive for the field in its complex".