the shipowning societies Japanese "K" Linens, MOL and NYK announce the fusion of the activities in the segment of the container



An important new fusion is announced in the exhausted field of the containerized marine transport, that it must barcamenare between an offer characterized from an excess of ability to the fleet and a decrease of the question. This without to succeed in some way to raise the rates, with consequent a drastic contraction of the volumes of transactions.

Today the three main Japanese shipowning societies, Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) have announced that the boards of directors of the companies have decided to constitute joint venture in order to integrate the respective activities in the segment of the marine transport of the container, included the correlated terminalistiche activities with the exception of those carrying out in Japan. The new society will be participated to 31% from "K" Linens, to 31% by MOL and 38% from NYK. The completion of the integration procedure will need of various months: in fact the three Japanese shipowning companies have specified that, based on the forecasts, joint venture will become operating on April 1°, 2018.

The three companies have explained that the decision is assumed own in consideration of the imbalance between supply and demand that the market characterizes and that it has induced the field to react through a consolidation. "K" Linens, MOL and NYK has evidenced that the new company of line will put in field a fleet with a transport ability pairs to about 1,4 million teu, sixth of the market and pairs to 7% of the entire ability to world-wide the containerized fleet. To the new company assets, included will be conferred the fleets and the participation in the harbour terminals, pairs to about 300 billion yen (2,9 billion dollars) and - second the calculations of "K" Linens, MOL and NYK – integration will allow annual savings pairs with about 110 billion

While "K" Linens, MOL and NYK has communicated the results achieved in the first half of the fiscal year 2016, period that is finished 30th September and that confirmation the important deterioration of the economic performances that all and the three Japanese companies have recorded in the last quarterly periods and in particular in last the four trimesters when the consisting decrease of the results is produced it is from the marine field of the containerized transport that they give the segment of the marine bulk transport.

In the second solo trimester of exercise 2016, finished 30th September, "K" Linens has totaled revenues pairs to 246,6 billion yen (about 2,3 billion yen), with a bending of -25,9% regarding the 332,9 billion one yen in according to trimester of fiscal year 2015. The operating result has been of sign negative for -11,6 billion yen respect to an operating profit of 7,5 billion yen in the period July-september last year. The result clearly has been of sign negative for -23,7 billion yen respect to a profit of clearly 1,5 billion yen in the fiscal year precedence.

The single segment of the marine transport of the container of "K" Linens has closed the second trimester of exercise 2016 with revenues pairs to 124,7 billion yen (- 24.8%) and an ordinary loss of -8,7 billion yen respect to an ordinary loss of -986 billion yen in according to trimester of fiscal year 2015. In the segment of the bulk "K" Linens have recorded revenues pairs to 108,5 billion yen (- 27.9%) and an ordinary loss of -2,5 billion yen about respect to an ordinary profit of 8,4 billion yen in the exercise precedence.

While "K" Linens has communicated a review to the decrease of the forecasts of closing of entire fiscal year 2016, that it will finish on March 31, 2017. A net loss attributable to the associates of controlling the pairs to -94 billion yen regarding the precedence is attended forecast of -45,5 billion yen communicated the course 29 July. Moreover pairs to 970 billion yen are attended revenues (1.030 billion in the precedence forecast) and an operating result of sign negative for -44 billion yen (- 13 billion yen).

In the budget of according to trimester of the fiscal year the 2016 compatriot MOL it has marked revenues pairs to 353,5 billion yen, with a decrease of the -22,4% on the same period of the fiscal year precedence. The operating profit is piled to 1,5 billion yen (- 75.7%) and the profit to clearly 14,7 billion yen respect to a net loss of -13,0 billion yen in the period July-september of 2015.

In the single segment of the transport of line MOL it has recorded revenues pairs to 145,4 billion yen, down of -25,5% regarding the 195,2 billion one yen in according to trimester of the fiscal year a 2015 and ordinary loss pairs to -9,7 billion yen respect to a sign result negative and pairs to always -4,2 billion yen in the exercise precedence. Drastic reduction of the revenues also in the segment of the marine bulk transport that is piled to 173, billions of yen (- 23.0%) let alone of the ordinary profit that has been attested 11,9 billion to yen (- 35.0%).

Also MOL has see again to the decrease the esteem for entire fiscal year 2016, than now she considers to 29th July record with revenues pairs to 1.413 billion yen regarding the precedence forecast of 1.493 billion yen communicated. Moreover 5 billion in the precedence are attended an operating result of sign negative for -15 billion yen (- forecast) and a profit of clearly 7 billion yen (15 billion).

Also NYK has closed the second trimester of fiscal year 2016 with an analogous contraction of the revenues that have been pairs to 457,8 billion yen, with a bending of -24,9%. Operating result and result clearly have been both of sign negative and pairs respective to -11,5 billion and -217,0 billion yen regarding results both of positive sign for 21,2 billion and 16,3 billion yen in the period July-september last year.

In the single field of containerized transport NYK it has totaled an ordinary loss of -6,5 billion yen on revenues pairs to 139,2 billion yen respect to an ordinary profit of 3,8 billion yen on revenues pairs to 194,2 billion yen in according to trimester of exercise 2015. In the segment of the bulk the revenues are diminished of -30,9% to the 169,7 billion one yen and the ordinary result has been of sign negative for -8,6 billion yen respect to an ordinary profit of 12,8 billion yen in according to trimester of the exercise the precedence.

Also NYK has reexamined the forecasts for entire fiscal year 2016 announcing turned out inferior to those official notices last July. The shipowning society now attends revenues pairs to 1.865 billion yen (precedence forecast: 1.992 billion yen), an operating result of sign negative for -25,5 billion yen (0) and a loss attributable to the associates of controlling the pairs to -245 billion yen (- 15 billion yen).