After the resignation of loss is not split business, who can get rid of shipping predicament?

Recently, the shipping industry and gradually released semi-annual report second quarter earnings, which you can see most of the companies are in the red, the global shipping industry are at a low ebb, and even the shipping giants are not immune. Faced with this situation, the shipping giants are how to solve?

First, with the first small series we look at China Ocean semi-annual report, which is, after China COSCO and China Shipping recombinant published its first semi-annual report.


In China Ocean released semi-annual report shows that the first half of 2016 operating income of 30.941 billion yuan, down 8.50%; net profit -72.09 billion yuan, down 465.19 percent. Cargo freight by extreme downturn, China Ocean achieve profit after deducting non-recurring gains and losses -48.2 one hundred million yuan in the first half of 2016, which will include the sale of dry bulk shipping business in January to February net profit -7.6 billion. "

Lost and resigned?

China COSCO loss amounted to 7.209 billion yuan, a record figure since the loss of China Ocean from the market. But attention is caused by small series, in semi-annual report released after the China Ocean shipping and announced that the Board of Directors of the Company recently received Ms. Sun Yueying, Mr. Sun Jiakang, Mr. Wang and Mr. Ye Weilong aerospace, Supervisor Mr. Ma Jianhua, staff supervisor, Mr. Zhang and Cao Bang Ms. Li's resignation due to job change reason, voluntarily resigned as a director and other positions held by the company.

It is understood that the company operating by low oil prices and low freight rates squeezed, Maersk Group Board also discuss how to restructure to cope with the new situation. And in June this year, Maersk has also experienced "coaching" from the original led Maersk Group's container shipping companies Soren Skou take over the top management group.

China COSCO reason for the collective resignation of the directors did not elaborate. The directors really because large losses to the collective resignation of the company do? What caused such a great first half of the China Ocean losses it? Xiao Bian probably sort out a bit for several reasons:

① non-recurring gains and losses in the previous two losses and the largest part of the reorganization of the central enterprises to merge. Because during the period required to sell in bulk and disposal Florens Group company, resulting in a net loss of 2.43 billion yuan. And Powder Group operating loss before the sale of 762 million yuan, the China Ocean attributable to owners of the parent net profit of -72.09 million, a year earlier to 1.974 billion yuan; period after deducting non-recurring net profit after -48.21 billion yuan, a year earlier -20.02 billion.

② primary sector, China COSCO and losses related to global economic trends. The first half of 2016, Shanghai Containerized Freight Composite Index (SCFI) and the China Containerized Freight Composite Index (CCFI) average fell by 35.8% and 28.8%, respectively, both of which are at historic lows in mid-March and the end of 4 point. Route mainstream European and American tariffs fell about 40% year on year, the Asia-Europe line extreme tariffs significantly below the level of 2008 after the financial crisis. Thus, it appeared China Ocean operating income decreased slightly, but net profit fell sharply situation. Due to falling freight rates, costs are higher than income, the company or even negative gross margins, consolidated gross profit margin in the first half of -5.59%, down 10.05 points over the previous year.

③ focus on the development of container transport. COSCO and China Shipping lines in the first half after the reorganization, China COSCO focus resources on the development of container transport and terminal operations. Among them, the company's revenue accounting for more than ninety percent of container shipping and related business gross margin down by 13.11 percentage points to 7.78%, gross profit for the -21.77 billion yuan, down 3.634 billion yuan; the dry bulk shipping and related business, the container leasing gross margin business also varying degrees of decline. Although because of increased container terminal throughput, terminal and related business profit 723 million yuan, but more than offset by a serious loss of container shipping and related business.

Opponent: Maersk heavy losses in the second quarter

Maersk in the earlier release of a second quarter profit of $ 118 million, compared to the same period last year fell sharply.

Among them, the largest business segment for unsatisfactory performance of Maersk Line, reported a $ 150 million loss in the first quarter after a loss to maintain profitability once again turn its freight rates fell by 24% at historic lows. Actual profit year on year significantly reduced to $ 134 million (compared with $ 1.1 billion), in addition to securing the company, the rest of the actual profit for each business segment were lower than last year.

China COSCO PK Maersk, who can get rid of predicament?

Loss phenomenon persists, the face of this situation, China COSCO and Maersk are how to do it?

China Ocean: acquisition, seeking overseas terminals

① acquisition of eight companies overseas network. Recently, China COSCO announced that its subsidiaries and affiliated companies COSCO shipping and other related companies to acquire eight overseas network companies signed an agreement to acquire the total amount of about 53.6 million yuan. In addition to the integration of overseas network, so far, COSCO has acquired 31 domestic marketing network companies is completed.

② abroad to seek more Wharf Holdings. COSCO Sea port new general manager Zhang said the company seeking more overseas holding dock, to create a more 多比雷埃夫斯 type of port, to meet customer needs and COSCO shipping whole group strategy, and really improve their profits space. COSCO Sea port terminal project is being examined more than 30, mostly overseas terminals, mainly around "along the way" along the layout.

Maersk: port termination, demerger

① September, Maersk will terminate Luzhou, Chizhou direct bill of lading and other port services. Maersk through the nearest port to provide the corresponding import and export services. 10 ports are: Port of Chizhou in Anhui, Sichuan Luzhou, Yingkou, Liaoning Province, Jinzhou Port, Rizhao, Shandong Province, Yueyang Port Lek Kau Hong Kong, Guangdong Province, Pacific Harbour, Kau heart Port Nansha Old Port.

② the world's largest container carrier Maersk business will be split into two sections: a focus on transportation, a focus on energy. The new strategy is currently still in the decision-making stage, Maersk said the inconvenience to publish information, but the creation of new transport companies and energy companies will be officially announced this news at the end of September. New Energy group of companies may cover oil and gas company Maersk, Maersk and Maersk Oil Exploration Marine Services and other companies; and the transport sector will cover the Maersk Line, the global logistics Damco, Maersk Container Terminals, Maersk shipping company Maersk special tanker companies.

The shipping market downturn, the shipping giants Either method is adopted in order to reduce costs and expand revenue. Looking to the second half of the shipping market, global container fleet capacity will slow growth, although the third quarter is the traditional peak season demand has been warmer, but overall excess capacity will continue to plague the container shipping industry, the market situation is still grim.