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Logistics industry in crisis period

Last time: 07-11-2014 11:45:36 AM - Watched: 2855

Shipping market post-crisis

"He grew" also losses

In late 2011, the shipping market is considered the bottom 2nd period since the recession began in 2008. Most of the transport ships, including container ships, cargo ships, liquid bulk cargoes are losses, revenue does not cover. Chilean carrier CSAV announced a net loss of $ 525 million in the first half of 2011, consecutive losses in three consecutive years since 2008, totaling $ 1.05 billion.

Similarly, MOL, Japan's largest shipping company has lowered the outlook from its first half-year in April to a loss of 17 billion yen 9/2011. NYK Lines, the 2nd largest carrier in Japan, followed by Kline and MOL lowered its forecast for the results of the second quarter of 2011 ended on 30/9 with an estimated net loss of 12 billion yen (equivalent to 156 million) from the previous forecast to date 29/7 with some holes 5 billion JPY. Do not stop here, the end of 2011 had 14 carriers have announced losses, with different amplitudes from -3 to -25% ...The fleet of Vinalines not through hard times

Shipping market decline sharply, terrible pressure of competition fierce. This has seriously affected the business results of all businesses operating in the maritime sector, including General Maritime Corporation Vietnam (Vinalines).

Deputy General Director of Vinalines, Le Trieu Thanh said, the sudden deterioration and prolong the shipping market since the second half of 2008 so far has been a great influence on the results of production and business of the Corporation. Freight rates plummeted from nearly 14,000 in January 7/2008 to nearly 800 points in late 2008, and maintain a low level throughout 2011.

Meanwhile, input costs such as fuel, interest expense, repair, labor is high. There are times, the Corporation had to accept interest rate of 20% / year to secure working capital to maintain the operation of the fleet. The objective external impact is also one of the reasons that domestic firms mass loss.

First to mention the Ocean Shipping Company Vietnam (Aside). Although up to this point, has not yet announced VOSCO financial reports fourth quarter alone, but the third quarter of 2011, "banyan tree village started shipping" has more than 51 billion hole. JSC Cooperation with foreign workers (ILC) 32 billion hole. Vinaconex Transport Corporation (VCV) loss of more than 6.5 billion. Southern Container Corporation hole more than 37 billion ...

Nor is it surprising that the business results of the shipping company is not bright because in fact, surplus tonnage increasingly serious, especially for large vessels. Statistics show that approximately 700 existing container ships to waiting customers, including more than 3,000 TEU vessels.

From now until the end of the year: Marine Transportation no positive signs

According to the 2012 market forecast shipping service potential is difficult due to the instability of the world economy and the phenomenon of tonnage oversupply could not adjust to suit market demand will continue to cause pressure on freight rates.

Chairman of Asian shippers in Singapore John Lu said: "The lines were all selected container capacity and reduce back stiff competition over the charges will push some companies into bankruptcy." Even the shipping industry will be faced with the difficult financial conditions over the next 24 months as banks tighten credit for the sale of assets and expected more ships seized.

Truong Dinh Son - General Director of JSC Sea Transport and Chartering Vietnam (Vitranschart) also made the comment: The world economy in 2012 is still murky, even a lot worse than the year 2011. Son lead figures: in 2012, the expected total dry bulk trade increased by 4% globally compared to 2011, while growth in the fleet is 10%. This leads to oversupply of tonnage of approximately 44 million DWT.

Agreeing with his Son, Director General Maritime Corporation Dong Bui Minh Hung said: According to experts the world economy and domestic, in 2012, the operation of the business enterprise shipping can only be encapsulated in the phrase "more challenging opportunity." Mr Hung said, after a period of decline lasted from mid-2008, the road transport industry bientoan entered for a temporary period of recovery from the second quarter / 2009.

However, for much of the past in 2011, the recovery has proved to be unsustainable, depends on season and quite "sensitive". More specifically, the recovery was mainly due to the raw material Import Export orders from China which are affected by the policies regulating the economy of government. Therefore, the situation in the short sea transport becomes unpredictable, risky.

Mr. Hung also pointed out three difficulty of shipping companies that source, rates (mainly due to the supply ship is currently outstripping demand very weak market in a recession), difficult financial constraints and difficulties ultimately subjective crew shortage of high quality, no preservatives - full train maintenance due to financial difficulties.