Independent journal on economy and transport policy
12:47 GMT+1
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Quarterly economic results in decided decrease for the South Korean and taiwanesi shipowning societies
In loss Evergreen, Hanjin, HMM eYang Ming. Risked profit for Wan Hai Lines
May 17, 2016
The main taiwanesi and South Korean societies of navigation of the field of the line transport have closed the first trimester of this year in loss and with an important decrease of the volume of transactions. Yang Ming clearly has archived item the period with an economic result of sign negative and pairs to -3,7 billion dollars of Taiwan (USA 112 million dollars) respect to a profit clearly of 248 million dollars of Taiwan in the first three months of 2015. The revenues are dropped of the -18,2% attesting itself to 27,1 billion dollars of Taiwan and the operating result has been of sign negative for -2,6 billion dollars of Taiwan respect to an operating profit of 505 million dollars of Taiwan in the first trimester last year.
Also the taiwanese Evergreen Line has concluded the first trimester of 2016 with a net loss that has been pairs to -4,6 billion dollars of Taiwan respect to a profit clearly of 1,9 billion dollars of Taiwan in the same period of 2015. The revenues have recorded a bending of the -19,0% and are dropped to 28,6 billion dollars of Taiwan and the operating result has been of sign negative for -4,1 billion dollars of Taiwan respect to an operating profit of 1,8 billion dollars of Taiwan in the first three months last year.
Wan Hai Lines, with the exception of the two compatriots, has closed the first three months of 2016 with a profit that but has shown an emphasized contraction regarding the correspondent period last year being piled to 15 million dollars of Taiwan (- 99.3%). Revenues and operating profit have turned out decreasing respective of the -18,1% and the -91,5% to 14,0 billion and 205 million dollars of Taiwan.
In South Korea the Hanjin Shipping company has totaled a net loss of -261,1 billion won (USA 221 million dollars) respect to a profit of clearly 22,9 billion won in the first trimester of 2015. The revenues are diminished of -26,0% attesting itself to the 1.590 billion one won and the operating profit is dropped of -25,2% to the 116,0 billion one won.
In the first three months of this year the compatriot Hyundai Merchant Marine (HMM) has recorded revenues pairs to 1.220 billion won, with a reduction of the -22,3% on the same period of 2015. Operating result and result clearly have been both of sign negative and pairs respective to -163 billion and -276 billion won respect to an operating profit of 4,2 billion won and a net loss of -44,5 billion won in the first trimester last year.
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The main taiwanesi and South Korean societies of navigation of the field of the line transport have closed the first trimester of this year in loss and with an important decrease of the volume of transactions. Yang Ming clearly has archived item the period with an economic result of sign negative and pairs to -3,7 billion dollars of Taiwan (USA 112 million dollars) respect to a profit clearly of 248 million dollars of Taiwan in the first three months of 2015. The revenues are dropped of the -18,2% attesting itself to 27,1 billion dollars of Taiwan and the operating result has been of sign negative for -2,6 billion dollars of Taiwan respect to an operating profit of 505 million dollars of Taiwan in the first trimester last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
