Tung (OOIL): in the next few years a not thrilling increase and limited yields of the investments could become the norm



The Orient Overseas (International) Ltd. (OOIL), society of Hong Kong who work in the field of the containerized marine transport through the company integrally controlled Orient Overseas Container Linens (OOCL), has closed the first semester of 2016 with a net loss pairs to USA -56,7 million dollars respect to a profit clearly of 238,6 million dollars in the first half last year.

The revenues are diminished of the -15,9% and are come down to 2,56 billion dollars of Hong Kong. The decrease of the turnover, recorded in spite of the increment of +5.5% of the transported cargo volumes from the fleet of portacontainer of the OOCL that has been pairs to 2,9 million teu ( on 22 July 2016), it is determined by the decrease of the -21% of the medium level of the hires of the first semester of this year, decrease - it has specified OOIL - than in some markets has been translate in the minimal level of revenues recorded beginning from the crisis total financial institution.

The achieved operating result in the first half of 2016% has been of sign negative and pairs to -18,7 million dollars respect to an operating profit of 271 million dollars in the first semester last year.

Complaining that the first semester of 2016 "has been disappointing for OOIL", but emphasizing that OOCL however has assumed all the measures necessary in order to tackle to the difficulties of the markets and that the company is ready to take advantage of the opportunities that will be introduced when a radical change of direction happens, the chairman of the group of Hong Kong, C C Tung, with the exception of some managers of other companies of the line segment that they have shown a resumption in the course of 2017, have not formulated forecasts in such sense. Indeed, Tung has found that, as for the future perspectives, although the fact that has exited from the market a sure quota tonnage and that on some routes it has assisted myself to an increase of the volumes, "if the employed ability continues to being remarkablly advanced to the question - it has observed - the second half of 2016 is challenging and difficult".

"The field - Tung has explained - continues to tackle to a imbalance between supply and demand. If, in terms of percentage on the current fleet, the pocketbook orders is previewed will come down from 6.7% in 2017 to 5.5% in 2018, for the next quinquennium the challenge is from the side of the question. In the best one of the hypotheses - it has evidenced the chairman of OOIL - the world-wide economy seems to promise little. Perhaps the United States have exceeded their period more difficult than this cycle and probably China will not incur in an abrupt one rest. Even if Europe will find a its road after the Brexit, the world could must itself be arranged at least on "new normality" in which a not thrilling increase and limited returns on the investments they will become the norm, for next the five years. Meantime - it has evidenced Tung - the polarization of the national policies, the rise of the populism and the tendency in many nations to protectionism could be translate in a slow down of the speed of the globalization".