Long cycle Industry-shipping (2)-shipping companies reproduce the collapse of the tide

First of all, we need to declare that this article is purely a small retail with no foresight and knowledge of ignorance, for reference only.

The Lunar New Year of 2015 is not easy for many shipping companies.

Bankruptcy

February 13, the first domestic private shipping company to be listed in the U.S. OTCBB (OTC Market) Dalian Winland Shipping Co., Texas filing for bankruptcy protection in the United States.

Dalian Winland Shipping Company was established in 1993, the main international bulk cargo, container transportation and chartering and other shipping business, in Beijing, Tianjin, Qingdao, Yingkou, Zhangjiagang, Lianyungang, Shanghai and other domestic port cities and Tokyo, Japan has branches, the peak had a bulk cargo ship 18 vessels, 4 container ships, Routes throughout the world, the monthly control capacity of more than 1 million tons, more than 400 employees.

In the Spring Festival before the fall not only Dalian Winland shipping company.

Domestic shipping conditions

February 9, in the domestic trade shipping market has a considerable impact on the Shanghai Hongsheng Port Thai Shipping Co., Ltd. (another registered with Taizhou Port Thai Shipping Co., Ltd.) the actual control of Dinggenyu and the company's management team, resulting in nearly 8,000 container cargo was detained by creditors, the country affected by nearly 100 freight forwarders.

Also, at the end of January, due to the broken capital chain, Zhejiang summer far Away Ship Management Co., Ltd. Xiahanren with his family to Singapore bets, allegedly debt scale may be as high as more than 1 billion yuan.

In addition, Qingdao is and shipping is exposed to the crew nearly a year wages, the total amount of tens of millions of yuan.

International shipping Conditions

Internationally, in early February, South Korea's big wave shipping company and Danish shipping Enterprise Copenship also filed for bankruptcy, the two companies have said bankruptcy is due to the industry downturn.

Industry downturn

Since the end of 2014, the international shipping market has plummeted again, down more than the industry expects.

The Baltic Dry Bulk Index (BDI) fell from 1484 points last November 4, and continued to fall after February 11, down from its lowest point since its inception in 1986, and fell to 509 points on February 18, down 66% per cent.

By this effect, China's coastal bulk Freight index (CBFI) also fell below the historical minimum, closed at 858.85 points on February 13, down nearly 40% from the 2014 highs.

China's weak demand for commodities at the same time, the new ship delivery is rising, the shipping market supply and demand deterioration, the increase in capacity, which is the main cause of the BDI index diving.

And the industry's slump, also led to the BDI financial attributes significantly weakened, at this stage, there are few hot money favor shipping industry such a large cycle of industry.

Reduced volume of commodities

According to the General administration of customs data, China's imports of iron ore fell 9.4% per cent year-earlier, and imports of coal fell 53.2%. At the same time, the global shipyard in January delivered 229, a total of 12.66 million tons of new ships, up 206.1% yoy, up 10.63%.

According to the well-known shipping brokerage company Clarksons Forecast, this year dry bulk market new shipbuilding capacity is estimated to increase by more than 7%, deduction of the old ship dismantling, capacity actually increased by about 5.1%, but the global demand may only increase about 3.7%, the shipping market capacity surplus will further aggravate.

From the lessee's attitude, the steel enterprises in the past January regular large-scale shouchu iron ore, for the production after the Spring Festival preparation.

However, the recent decline in steel prices, iron and steel enterprises to expand the loss, steel mills active production cuts, maintenance phenomenon increased.

At the same time, the face of spring holidays, downstream infrastructure projects, production enterprises have a holiday, iron and steel traders look at the empty mentality, the purchase will be reduced, coupled with the current credit crunch and other adverse factors superimposed, iron ore transport market unusually light.

Volume reduction, freight "avalanche", which has been extremely difficult to operate the private shipping enterprises is undoubtedly "worse."

At present, from Qinhuangdao shipping coal to the sea, the tariff is only 18 yuan/ton, and the profit and loss balance of freight at least to maintain at 26 yuan/ton. Industry estimates, now run a voyage will lose more than 300,000.

The boss lost the Union of Shanghai Hongsheng Port Thai Shipping Co., Ltd. an insider said, because the international shipping market is not good, China and the sea, Sinotrans and other large shipping enterprises will be the original foreign trade shipping ' big ship ' into the domestic shipping market, exacerbated the domestic market tariff decline.

The company had to last year from the bankruptcy of the Hainan pan-ocean to buy ' perfume Bay ' and ' Long Mu Wan ' two 3500TEU container ships into domestic transport, but the operation of the ' big ship ' cost is also higher, directly led to the company's 2014 loss of more than 20 million yuan, the capital chain break.

Demand low-speed growth, capacity supply continued surplus, has become the new normal shipping market, some relatively weak private shipping enterprises may become the earliest victims.

Perhaps for the private shipping enterprises, the mode of joint operation is an option.

From small to big, from weak to strong, and then improve market share, expand scale, achieve scale efficiency, and through complementary advantages, reduce operating costs, and thus reduce losses, to achieve profitability.

Source: Caixin Network

This article is used only to express my often erroneous views and does not constitute any advice.

Long cycle Industry-shipping (2)-shipping companies reproduce the collapse of the tide