2008 fiscal critical purpose, the consequence on the actual economic procedure effecting in notably shrinking the vessels development in rank to bulk goods, commanded by crude oil deep down, the Baltic Dry Freight Index (BDI) plunged into the trough. May 2008, BDI Index has arrived at historic high of 11,793 points, but then all the way down, in December last year had declined to 663 points, making the Chinese vessels development becomes noticeable to hedge the immense losses.
The report displays that in 2008, China Ocean to accomplish functioning earnings increased 17.2% year-on-year. Gross margin for the 28.42 billion yuan, up by 9.5%. Total earnings of 14.88 billion yuan, up 41.8 per hundred decline. If you eliminate the ahead freight affirmations (FFA) and the decrease of two components, for example agreement provisions, in 2008, the identical caliber in 2007 contrasted to total earnings expanded by 4.7%. Ownership of parent business snare earnings of 10.83 billion yuan, up 43.3 per hundred decline.
China Ocean insiders said that the last BDI Index and the China's trade overseas charge indicator of box out of a high degree of descent, substantially as a effect produced by the external surroundings, and the financial gathering itself is not much bond between profitability. In augmentation, the total yield of 41.8 out of 100 year-on-year descent was chiefly due to the long-term freight accords (FFA) and deficits due to bond provisions are included.
Pressure box enterprise
In 2008, the Chinese-owned ocean-going container shipping-related businesses in the amount of cargo and 5,792,593 TEUs, an increase of about 1.5%. The realization of revenue 39.08 billion yuan, up 4.6 percent decline.
China Ocean insiders, "said the world economic slowdown last year, the U.S. sub-loan crisis extended to the global financial crisis. Major container shipping companies in Europe and America are closely connected routes, but a serious deterioration in the economic situation in Europe and the United States, resulting in a serious setback for this business. However, a time when market demand, the company the capacity to adjust the layout of routes, the original route into Europe and the United States into the second line capacity operations, Europe and the United States the right time to reduce the capacity trunk routes and the Atlantic. "
In 2008, and the other the windup of bulk cargo transport enterprise segment 293.1 million tons of cargo, up 10.7 percent. 1500 billion tons cargo earnings miles, with rudimentally the matching as last year. Among them, the coal carrier of 89.35 million tons, up 1.5 out of 100 decline; the size of steel ore brought 123.33 million tons, an advance of 8.3%, other cargo carrier of 80.42 million tons, an advance of 33.8%. The attainment of 71.6 billion yuan profits, an advance of 34.1%.
China Ocean insiders said that the "dry bulk cargoes were mostly constructed on the household position, which is distinct from the canister business. By a considerable down turn in utilisation in Europe and America and the influence of international trade stagflation, slower stride of development in household market. Although the dry bulk enterprise can not accomplish last year the grade of the first three quarters, but contrasted to the fourth quarter, the position has been optimistic. "
He furthermore said that "China's ocean-going procedures of this year, the force is still the biggest canister enterprise, the business of foreign pessimistic anticipated future situation. In compare, the dry bulk enterprise that may originate this year, a turn for the better, because household the position is step-by-step warmer. Therefore, the business will boost the buying into capability of household trade paths, an boost of 6.2 per hundred in capacity. "
To desert strategies to lessen the scope for to pay for vessels
It is comprehended that becomes noticeable in the China Ocean FFA after weighty deficits, have taken many of ways to defuse the "crisis." China Ocean Group and the Bank noted a more than 700 million loan line, part of which will be obtainable to registered companies. In augmentation, customers in addition embrace close support and stringent cost manipulate, dialogues with suppliers, to fortify the selling force.
China Ocean from the operational facts and numbers we can glimpse that the buy of vessels is the biggest expenditure. China Ocean insiders have said that at this time of new boat instructions to purchase the business more cautious. The new boats put into use, most tailored to two or three years ago. China Ocean has currently put instructions for new boats in 2012, the present boats market, the business has fundamentally contacted the demand, an boost in new instructions is unlikely. Generally talking, if the market is still no important enhancement or recovery, the business will extend to take a careful scheme to purchase the boat to double-check that the company's money flow position of health.
COSCO Group has decided to cancel this year's planned purchase of boats. It is understood that the purchase plan includes more than 120 shipping vessels, of which three-quarters of dry bulk carriers, tankers and the remaining one quarter of container ships.
China Ocean applicable to tension that this is only part of instructions described by subordinate flats design, not the alignment has currently went into into the contract. The boat has marked a agreement instructions, the China Ocean will be taken in agreement with the agreement vessels, there is no design to annul the order. He said, "This is mostly due to me this year, the capacity of canister transport, as well as need of demand for dry bulk, and we thus need to adapt the capability, command costs."
And forsaken as a outcome of hold up in consignment, since the third and fourth quarters, the new vessels under the water, the genuine reduction. Relative surplus of capability on the international boats market, decreasing surplus capability and is conducive to the wholesome development of the boats market. However, if a boat designing to revitalize shipbuilding enterprises to boost in new instructions, then iron alloy charges as one of the biggest shipbuilding enterprise customers, partially to increase the sales of metal and iron alloy, which to some span, the demand for metal ore will boost at the identical time turn has furthermore directed to the demand for coal. For China Ocean is no question is good. - 22787
The report displays that in 2008, China Ocean to accomplish functioning earnings increased 17.2% year-on-year. Gross margin for the 28.42 billion yuan, up by 9.5%. Total earnings of 14.88 billion yuan, up 41.8 per hundred decline. If you eliminate the ahead freight affirmations (FFA) and the decrease of two components, for example agreement provisions, in 2008, the identical caliber in 2007 contrasted to total earnings expanded by 4.7%. Ownership of parent business snare earnings of 10.83 billion yuan, up 43.3 per hundred decline.
China Ocean insiders said that the last BDI Index and the China's trade overseas charge indicator of box out of a high degree of descent, substantially as a effect produced by the external surroundings, and the financial gathering itself is not much bond between profitability. In augmentation, the total yield of 41.8 out of 100 year-on-year descent was chiefly due to the long-term freight accords (FFA) and deficits due to bond provisions are included.
Pressure box enterprise
In 2008, the Chinese-owned ocean-going container shipping-related businesses in the amount of cargo and 5,792,593 TEUs, an increase of about 1.5%. The realization of revenue 39.08 billion yuan, up 4.6 percent decline.
China Ocean insiders, "said the world economic slowdown last year, the U.S. sub-loan crisis extended to the global financial crisis. Major container shipping companies in Europe and America are closely connected routes, but a serious deterioration in the economic situation in Europe and the United States, resulting in a serious setback for this business. However, a time when market demand, the company the capacity to adjust the layout of routes, the original route into Europe and the United States into the second line capacity operations, Europe and the United States the right time to reduce the capacity trunk routes and the Atlantic. "
In 2008, and the other the windup of bulk cargo transport enterprise segment 293.1 million tons of cargo, up 10.7 percent. 1500 billion tons cargo earnings miles, with rudimentally the matching as last year. Among them, the coal carrier of 89.35 million tons, up 1.5 out of 100 decline; the size of steel ore brought 123.33 million tons, an advance of 8.3%, other cargo carrier of 80.42 million tons, an advance of 33.8%. The attainment of 71.6 billion yuan profits, an advance of 34.1%.
China Ocean insiders said that the "dry bulk cargoes were mostly constructed on the household position, which is distinct from the canister business. By a considerable down turn in utilisation in Europe and America and the influence of international trade stagflation, slower stride of development in household market. Although the dry bulk enterprise can not accomplish last year the grade of the first three quarters, but contrasted to the fourth quarter, the position has been optimistic. "
He furthermore said that "China's ocean-going procedures of this year, the force is still the biggest canister enterprise, the business of foreign pessimistic anticipated future situation. In compare, the dry bulk enterprise that may originate this year, a turn for the better, because household the position is step-by-step warmer. Therefore, the business will boost the buying into capability of household trade paths, an boost of 6.2 per hundred in capacity. "
To desert strategies to lessen the scope for to pay for vessels
It is comprehended that becomes noticeable in the China Ocean FFA after weighty deficits, have taken many of ways to defuse the "crisis." China Ocean Group and the Bank noted a more than 700 million loan line, part of which will be obtainable to registered companies. In augmentation, customers in addition embrace close support and stringent cost manipulate, dialogues with suppliers, to fortify the selling force.
China Ocean from the operational facts and numbers we can glimpse that the buy of vessels is the biggest expenditure. China Ocean insiders have said that at this time of new boat instructions to purchase the business more cautious. The new boats put into use, most tailored to two or three years ago. China Ocean has currently put instructions for new boats in 2012, the present boats market, the business has fundamentally contacted the demand, an boost in new instructions is unlikely. Generally talking, if the market is still no important enhancement or recovery, the business will extend to take a careful scheme to purchase the boat to double-check that the company's money flow position of health.
COSCO Group has decided to cancel this year's planned purchase of boats. It is understood that the purchase plan includes more than 120 shipping vessels, of which three-quarters of dry bulk carriers, tankers and the remaining one quarter of container ships.
China Ocean applicable to tension that this is only part of instructions described by subordinate flats design, not the alignment has currently went into into the contract. The boat has marked a agreement instructions, the China Ocean will be taken in agreement with the agreement vessels, there is no design to annul the order. He said, "This is mostly due to me this year, the capacity of canister transport, as well as need of demand for dry bulk, and we thus need to adapt the capability, command costs."
And forsaken as a outcome of hold up in consignment, since the third and fourth quarters, the new vessels under the water, the genuine reduction. Relative surplus of capability on the international boats market, decreasing surplus capability and is conducive to the wholesome development of the boats market. However, if a boat designing to revitalize shipbuilding enterprises to boost in new instructions, then iron alloy charges as one of the biggest shipbuilding enterprise customers, partially to increase the sales of metal and iron alloy, which to some span, the demand for metal ore will boost at the identical time turn has furthermore directed to the demand for coal. For China Ocean is no question is good. - 22787
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