In improvement the economic results of group OOIL thanks to the contribution of the real estate investments



The group Orient Overseas (International) Ltd. (OOIL) of Hong Kong, than work in the field of the containerzzato marine transport and connected the logistic and harbour activities and in the field of the real estate investments, clearly has archived item the first semester of the 2017 with a profit of 53,6 million dollars respect to a net loss of -56,7 million dollars in the first half last year. Al improvement has given to a remarkable contribution the proceeds deriving from the real estate activities of the group, that is 21,2 million dollars coming from the pool of real estate investment Hui Xian, that it is quoted to the Stock exchange of Hong Kong, and a result clearly from the appraisal to fair value of the real estate investment Wall Street the Plaza of New York.

In the first six months of this year the revenues of the group are piled almost 2,9 billion dollars (+13.2%) and the operating result has been of positive sign for 109,6 million dollars respect to an operating result of sign negative for -18,7 million dollars in the first semester of 2016.

In the first half of the 2017 revenues generated from the activity of the fleet of portacontainer of the group, that Container is operated by the company of navigation Orient Overseas Linens (OOCL) of which OOIL possesses the entire capital, has attested almost 2,6 billion dollars (+15.2%) and in the period the fleet has transported containerized cargo volumes pairs to 3,1 million teu (+6.8%) ( on 28 July 2017).

The group of Hong Kong has announced that in the first six months of this year the contributions of branch logistic OOCL Logistics to the revenues and to the economic result clearly increments respective of +5% have shown and of +6%.

"In the first half of 2017 - the president of OOIL, C C has explained Tung - we have begun to assist to a slow and constant resumption regarding the difficult conditions of market that they have characterized 2016. It seems that, at least in a sure measure, a healthier increase of the question is returning. Even if we must attend in order to see how much will last, this represents a change that was attended during the last few years. The improvement of the results and also the improvement of the scene in the many of largest economic gives a sure encouragement relatively to us to the duration of this better situation".

"Besides this gradual improvement of the question - it has continued Tung - we notice also a weakening from the side of the offer. The level record of demolitions of the ships of 2016 is continued about with the same rhythm in this first part of 2017. From the beginning of this year the orders of new constructions are with all evidence interrupted. This constant improvement of the balance between supply and demand is not a sign of a market expanding, is far from this. However it means that, for the first time manifesting itself of the crisis total financial institution, the balance between supply and demand do not get worse year after year. This is a meaningful change and, if it will continue, the field will have at least the possibility to begin to absorb a part of the ability excess that still sussiste".

If the same OOIL has not emitted regulating for the new construction portacontainer in the first end of 2017, the group however has taken in delivery before a series of the six portacontenitori of large-capacity (21,413 teu) that they are ordered to the South Korean ship yard Samsung Heavy Industries and whose delivery will be completed within the first trimester of the next year ( of 1 April 2015).

At the beginning last month shipowning group Chinese COSCO Shipping Holdings Co. and the harbour group Chinese Shanghai International Port (Group) Co. (SIPG) have advanced an offer in order to buy group OOIL ( on 10 July 2017). To such Tung purpose it has observed that for years own group "has realized economies of scale through the adhesion to alliances and the employment of the more appropriate ships, and often of largest, on each route. These measures - it has emphasized - with characterized employee ours highly, to our base of customers, our system of information technology, to our attention to a greater efficiency in terms of costs and to our solid patrimonial state, have carried our group to the success. However - it has specified the president of the OOIL - since the field is quickly consolidating, with largest players that now they have an ability to cargo pairs to million teu, the base of capitals necessary in order to operate with success and in order to place itself between the main leaders of the field he is becoming more and more important. My opinion is that the offer (proposed - Tung has remembered - than the shareholder of control of the group of Hong Kong irrevocably has been engaged to accept, ndr) offers to the OOIL the opportunity to continue to operate brand OOCL, but as it leave of the group Lowers COSCO Shipping, and to together put our operating model and our business culture with the competitive advantages offered from the COSCO, included its dimensions and its scale, its base of capitals, its increasing fleet and its important harbour investments, single in order to cite of some. This would create a new group that would have the great possibility to maintain and to consolidate its role which one of the best actors than a field that is entering in a new phase".