Fourth edition of the analysis on the main containerized marine companies of Centro Studi Fedespedi



The fourth edition anniversary of the publication "the navigation companies: analysis economic-financial institution - 2019", that it is realized by Centro Studi of the Federation of the Italian shipment houses and analyzes the operating and economic results of the main companies shipowning that operate services of containerized marine transport, evidences as in the first trimester of this year some of the more important carriers of the field have continued to record heavy losses, while it continues also the process of concentration of the market.

The study of Centro Studi Fedespedi has examined the companies CMA CGM, COSCO, OOCL, Evergreen, Hapag-Lloyd, Hyundai Merchant Marine (HMM), Maersk, Wan Hai, Yang Ming and ZIM that figure to the summit of the ranking of the marine carriers for ability to their containerized fleets, directory who does not include the group Mediterranean Shipping Company (MSC) - that he occupies according to place in classifies - as he does not return publics own budgets. In the publication of this year, moreover, Linens, NYK and MOL as their budgets do not contain more the results of the activity of containerized marine transport after its scorporo and bestowal in joint venture Ocean are not inserted the budgets of the Japanese "K" Network Express (ONE) that at the moment of the drawing up of the relationship it had not still introduced budget 2018 (the first esteem indicate a turnover of 10,88 billion dollars, with a loss of 586 million dollars).

The publication finds among other things that the economic account of Maersk, that it is the carrier world leader, regarding the continuing operations is shut with a loss of 148 million dollars, while the discontinued operations they have generated useful pairs to 3,169 billion dollars. They - the relationship remembers - make reference to with of consequent operations to the escape of the group from the oil field, with the cession of Maersk Oil and Maersk Tanker. Turnover 2018 of group A.P. Møller - Mærsk is therefore relative to the sun activity of shipping (70% of the turnover total), logistics and services (15%), terminal and tugs (10%) and manufacturing/repair container and other asset (5%).

Relatively to the first trimester of 2019, the study observes that in general terms a tendency to the increase of the turnover regarding the same period of 2018 is found, to ascribe in great part to the acquisitions happened in the course of the year, while the final results are still in light and shade. Some companies, as COSCO, Hapag-Lloyd and above all Evergreen have improved clearly their performances budgetary, with a consisting increase of the profits; others, instead, as HMM, continue to evidence heavy losses. To notice - specific the relationship - as Maersk, without the profits deriving from the cession operations last year that they had guaranteed a meaningful final profit, has closed the first trimester of this year with a loss of 656 million dollars (last year the relative loss to the continuing operations, in the same period, was of 311 million dollars).

About the prosecuzione of the tendency to naval gigantism, the relationship of Centro Studi Fedespedi finds as this does not seem to stop itself, considering that 79% of the portacontenitori ships in delivery in 2019 have a advanced ability to the 10,000 teu.