In 2016 group OOIL it is returned at the dark moments of 2009



The Orient Overseas (International) Ltd. (OOIL) of Hong Kong, group that work services of containerized marine transport through the society integrally controlled Orient Overseas Container Linens (OOCL), has archived item the exercise a consisting anniversary 2016 with loss, the first economic result clearly of sign negative after those pairs to -400,6 million dollars recorded in 2009.

In 2016, year in which the fleet of portacontainer of the OOCL has transported containerized cargo volumes pairs almost 6,1 million teu, with an increment of +9.1% on 2015 ( on 27 January 2017), group OOIL has totaled revenues generated from the marine services of line and the harbour and logistic activities connected pairs almost 5,3 billion dollars, with a bending of the -11,0% respect to beyond 5,9 billion dollars in the exercise precedence. The EBITDA is piled to 288,6 million dollars and the operating result has been of sign negative and pairs to -138,2 million dollars respect to an operating profit of 138,2 million dollars in 2015. Last year it is closed with a net loss pairs to -219,2 million dollars respect to a profit clearly of 283,5 million dollars in 2015.

The remarkable worsening of the economic performances of exercise 2016 is determined mainly by the decrease of the results marked in the second half of the year of the year, period in which the OOCL ships have transported cargo volumes pairs almost 3,2 million teu, with a progression of +12.5% on the first half of 2015. OOIL has concluded the second half of the year of the 2016 with a net loss of -162,6 million dollars respect to a profit clearly of 45,2 million dollars in the correspondent period of the year precedence. The revenues are diminished of the -15,9% coming down to 2,7 billion dollars and the operating result has been of sign negative and pairs to -119,6 million dollars respect to an operating profit of 82,1 million dollars in the second half of the year of 2015.

"Last year - the OOIL president has commented, C C Tung - one of the more difficult markets in the history of our field has been seen. A combination between a constant but contained increase in many E regions an excess of constructed ability during the last few years has determined for great part of the 2016 extremely difficult conditions in many routes of traffic. While the prices of the fuel are increased in the second half of the year, the performances of the field hardly are hit by the hires, than often they are come down beneath of the levels marked in 2009. The recorded financial results from the entire field - it has observed Tung - supply a clear indication than the conditions have been aggravated. An analysis of the results of the field with I compare trimester on trimester or semester on semester demonstrates that from the half of the 2015 an intensification of the adverse conditions has happened. In entire 2016 - it has emphasized Tung - the volumes transported from OOCL have grown of 9.1%, but with a decrease of the revenues of 9.9%. This reflects the difficult context that I have described so as the disappointing result financial of the year".

Tung has not beckoned the indiscretions, diffuse recently from the daily paper financial Chinese "Caixin", second which the group of Hong Kong would be in negotiations with shipowning group Chinese COSCO Shipping and with that French CMA CGM for the cession of the OOCL ( on 19 January 2017). The president of the OOIL has instead spoken about the opportunities for the future of the OOCL offered from the operating alliance "Ocean Alliance", tightened own with the COSCO and CMA CGM let alone with the taiwanese company Evergreen Line, that it will become active at the beginning of the next month ( on 20 April and 3 November 2016).

"In these blustering moments, with a consolidation of the field that is happening to a rhythm that little, or nobody, had previewed - has found Tung - OOCL continuous to more construct own future on the two pillars of the adhesion to the alliance and the efficient employment of the ships adapted for each traffic route". Confirming that Ocean Alliance will begin to operate at the beginning of April, Tung has evidenced that "to collaborate with this partner important and the same objectives she will allow to offer us the highest standards in the more efficient way from the point of view of the costs. Moreover - it has added - the Ocean Alliance will allow with OOCL to increase own activity in measured way and attempts".

"Our ships of the class from 20.000 teu - the president of the OOIL has remembered - will enter in service in 2017 ( on April 1°, 2015, ndr). Our investment in these ships demonstrates to our engagement in growing our business in intelligent way and it allows us to achieve economies of scale in all the more important traffics East-West. Meanwhile we will continue to concentrate itself relatively on a continuous improvement to the costs and on ulterior progresses relatively to the efficiency. We will continue to invest in information the technology which means in order to improve not only our internal processes, but also our interaction and our engagement in confront of the customers".

Tung has specified that the state of difficulty of the market of the containerized marine transport will continue in the near future: "in the field - it has specified - the relationship between supply and demand remains one of the main factors of risk. The perspectives for an increase in the course of the 2017 suggest an improvement of the situation, but us time in order to absorb the current excess of offer wants. If the forecasts remain uncertain, we - he has concluded - we will continue on the road of the strategy by now consolidated".