Shipping change in the situation're just a piece of paper
- Author:Erica
- Source:WASHINGTON
- Release Date:2015-11-17
Shipping change in the situation're just a piece of paper
ShippingIndustry is still unable to come out from a long-term slump, the industry leader even beats the Danish AP Moller - Maersk Group (hereinafter referred to as Maersk) is also facing sharp profit decline in the situation, and had to cut capacity by cost controls and other ways to deal with . But from another point of view, the industry seems to have ushered in a new round of restructuring opportunities and mergers and acquisitions. 00
Anshi CEO of Maersk that led to two main factors decline in performance, one excess capacity led to record low freight rates, the second is a substantial decline in oil prices.
You can get a glimpse of the current grim situation from the shipping business. Maersk Line in the third quarter while still holding $ 264 million profit, compared with the same period last year fell 61%.
Performance pressure also makes Maersk faced since 2008 the biggest adjustment. Maersk Oil, Maersk Line has announced layoffs of 1250 and 4000.
Anshi CEO of Maersk that led to two main factors decline in performance, one excess capacity led to record low freight rates, the second is a substantial decline in oil prices.
You can get a glimpse of the current grim situation from the shipping business. Maersk Line in the third quarter while still holding $ 264 million profit, compared with the same period last year fell 61%.
Performance pressure also makes Maersk faced since 2008 the biggest adjustment. Maersk Oil, Maersk Line has announced layoffs of 1250 and 4000.
Industry imminent change in the situation, but long-term downturn in the industry, except for shipping enterprises are in a crisis, and some new opportunities arise, such as a merger or reorganization.
"For Maersk concerned this will bring more competition," Tim Smith On China's biggest shipping companies are likely to face the situation of integration, "said China's point of view but it is a positive way such as COSCO and China Shipping If the merger will become the world's fourth largest shipping company, will be composed of the world's largest oil tankers and dry bulk fleet, which is a more reasonable choice. "
According to the reporter on the 13th to get the news that the COSCO Group and China Shipping Group restructuring is still in the pipeline, while the final results yet, two other major Chinese shipping companies China Merchants Group and Sinotrans Group has also started to contact restructuring.
"Although the results are to be expected, but the forward speed significantly faster pace than the previous restructuring, which also shows the high level for such a reorganization is a positive attitude," a person close to the China Merchants Group, told reporters that "In the long-term downturn in the industry, restructuring can change the current situation looks lifeless, it can also take this opportunity to carry out internal and external adjustment, to adapt to the competitive situation in the industry."
Low tide of global trade and overcapacity, soOcean shippingMuch excess industry capacity and freight volume decline hit, the resulting decline in tariffs is making some of the industry giants facing death mark. So take the initiative or forced to seek cooperation or integration of assets, has become one of the few solutions.
According to the reporter on the 13th to get the news that the COSCO Group and China Shipping Group restructuring is still in the pipeline, while the final results yet, two other major Chinese shipping companies China Merchants Group and Sinotrans Group has also started to contact restructuring.
"Although the results are to be expected, but the forward speed significantly faster pace than the previous restructuring, which also shows the high level for such a reorganization is a positive attitude," a person close to the China Merchants Group, told reporters that "In the long-term downturn in the industry, restructuring can change the current situation looks lifeless, it can also take this opportunity to carry out internal and external adjustment, to adapt to the competitive situation in the industry."
Low tide of global trade and overcapacity, soOcean shippingMuch excess industry capacity and freight volume decline hit, the resulting decline in tariffs is making some of the industry giants facing death mark. So take the initiative or forced to seek cooperation or integration of assets, has become one of the few solutions.
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