Decided worsening of the economic results of shipowning group OOIL in according to trimester of 2015



In the second half of the year of the 2015 group Orient Overseas (International) Ltd. (OOIL) of Hong Kong, than work mainly services of containerized marine transport through the branch Orient Overseas Container logistic Linens (OOCL) let alone services with the OOCL Logistics and terminalistici services in the ports of Kaohsiung and Long Beach, has recorded a worsening of archived item the economic performances having had the period with a profit clearly of 45,2 million dollars on revenues for 2,9 billion dollars, with decreases respective of the -49,3% and the -11,4% regarding the second half of 2014. The operating profit is piled to 82,1 million dollars (- 30.6%).

In the second half of the year last year the fleet of portacontainer of OOCL has transported volumes of cargo pairs to a total of beyond 2,8 million container teu, with a progression of +2.0% on the first half of 2014.

In the entire exercise anniversary 2015 OOIL have totaled a profit clearly of 283,8 million dollars, with an increment of +5.0% on the year precedence. The revenues are diminished of the -8,7% attesting itself to beyond 5,9 billion dollars and the operating profit has grown of +7.3% to 353,1 million dollars. We remember that in the 2015 fleet of OOCL it has transported almost 5,6 million teu, almost unchanged volume regarding the year precedence ( on 22 January 2016).

"At the beginning of 2015 - it has commented today the chairman of OOIL, C C Tung - the companies of the field of the marine transport of the container have benefitted of unexpected conditions that were, almost without exception, positive. In those little months the costs of the fuel remarkablly diminished and the resumption of the American economy have produced turned out in the entire field that have been better of the previewed one. Unfortunately - it has specified Tung - in the course of the year the economic scene has become gradually more complicated. The decrease of the price of the oil has determined a reduction of the expenses for the energy carrying some producers on the border of the failure. The increase of the commercial exchanges has turned out limited and Federal Reserve has communicated and therefore started a normalization of the interest rates. In the second half of the year it has been assisted to an ulterior inactivity of the sales by piece, that it has had as consequence a reduction of the imports from Asia. Towards the turn of the year aggravating itself of the imbalance between supply and demand, determined from the important quota new tonnage introduced in a moment of limited increase, and also of bending, the volumes in many traffics in others has had a dramatic effect. Which answer to the attenuation of the increase of the question has been begun to place market of the ability outside and it has been assisted to a remarkable decrease of the hires, and the navigation companies are forced to transfer all the benefits of the decrease of the price of the fuel, and not only those, on their customers".

Tung has evidenced that "in the entire the 2015 volumes transported from OOCL they have turned out essentially stable, with a decrease of the revenues, and the revenue for container teu is diminished of 10%. This - it has observed - reflects the difficult context, in particular a truly challenging second half of the year".

The current excess of hold offer that characterizes the field of the containerized marine transport does not seem but sufficient in order to modify the plans of increase of the fleet of the shipowning group of Hong Kong, so as of the other primary companies of the segment of the line transport. Last year OOCL has taken in delivery last the four-four of a new series portacontainer from 8.888 teu constructed by the Chinese ship yard Hudong-Zhonhua Shipbuilding (Group) Co. Moreover at the beginning of the spring of the 2015 OOIL it has ordered to the South Korean yard Samsung Heavy Industries the construction of six portacontainer from 21.000 teu that they will be taken in delivery in 2017 ( on 1° April 2015). Meantime the group of Hong Kong has yielded two portacontainer from 8.063 teu of the age 11-year-old that has been resumptions rental from OOCL for a period three-year-old.

"The scale - Tung has confirmed - continues to being a key element of the sustainability of the field. An essential part of the way with which OOCL it obtains it is being equipped of a suitable fleet, with modern ships and efficient from the point of view of the consumption, constructed on the base of precise dimensions and characteristics, that the current price cutting of the fuel allows an improvement of the unitary relationship costs/benefits in the presence of also". Tung has emphasized that the group is satisfied "of the better results of efficiency regarding the waits obtained with our ships from 13.208 teu that on some routes they have replaced smaller ships and - has specified - we confide to ulteriorly benefit us through these benefits of scale thanks to our ships of greater dimension when they enter in service in 2017".