China Ocean: Shipping industry must be better than the first half

Every reporter Ma Shua recently, the early rise of the BDI index came down, the market began to appear worried voice: Early increases too fast, BDI index future will be weak, the impact on shipping stocks will decay; The index faces adjustment pressure and will also hit investors to continue to do long shipping stocks confidence. Yesterday morning, China Ocean (601919, close to 13.55 Yuan) shareholders meeting in Beijing and Hong Kong, the chairman Jiafu gave investors the reason and confidence to continue to hold China ocean.　　He pointed out that the BDI index is normal, investors do not have to panic about the callback, and "China Ocean to do the world's best shipping industry companies." BDI Index Normal callback Many analysts are not optimistic about China's performance forecasts for Cosco this year. Mr White, who has been a Chinese ocean owner since last year, has raised the grounds and the confidence to continue to hold the Chinese ocean as a circulating stock shareholder. In this respect, China Ocean Chairman Jiafu pointed out that in spite of the financial crisis led to a rapid decline in the shipping market, the U.S. financial system has been severely affected by some investors in the normal financing channels , but the introduction and implementation of the global bailout package, including China's 4 trillion bailout plan, has gradually shown its effectiveness. "The government has taken strong measures to organize large procurement missions to the Americas and Europe for procurement," "in the tax policy also gave special adjustments to the taxes should be paid all returned to the foreign trade enterprises, which will increase the attractiveness of foreign trade enterprises."　　On the other hand, consumer demand is improving, relying only on domestic supply is not in line with the globalization strategy, the United States and other countries of the family can not be separated from the "Made in China" products.　　"The second half must be better than the first half," Jiafu said, and that it was normal for investors to have a pullback in the BDI index. The recent research report of BDI Securities indicated that the index could continue to rise before the end of June, and the trend investment opportunities for China Ocean shipping stocks have just begun.　　Jiafu also pointed out that the biggest advantage of China ocean is integrated shipping companies, which is the best protection against market risk, the company's board of directors and managers have a belief in this year's operation, not only "to do the best in the industry", in the global industry to do the industry boss. Dry bulk market cautious optimism in response to shareholder perceptions of the future BDI Index, a company responsible for the dry bulk market said that the rise of the BDI index depended largely on the supply-demand relationship, while the Chinese factor played a key role. He pointed out that to protect economic growth, domestic investment in fixed assets and other projects to increase the demand for raw materials, data show that iron ore imports in April year-on-year growth of 22%, coal, soybean imports also increased significantly year-on-year, the global economy is gradually improving, "we are in the second half of the dry bulk market cautious but confident attitude"　　, said the person in charge. China Merchants Securities May mid-June research report also pointed out that more basic materials imports will be a strong support for dry bulk market, the 2009 Chinese Ocean Dry ScatteredGoods business is relatively optimistic. As for the global dry bulk freight force, due to the financial crisis and other factors, 1 ~ May, the actual delivery of 155 vessels, which is less than 15% of the estimated data at the beginning of the year. Although the pace of the second half of the year will be faster, "but far from the early year's plan, the new capacity will not be too much." "For the development of container business, China Ocean container Transportation Company's general manager said, two quarters and a quarter comparison, two aspects can explain the whole industry is improving: first, the main port container freight volume in April and May the extent of negative growth in narrowing; second, from the performance data of a Singapore shipping company, The results of the first two months of the second quarter were better than the first quarter, and the decline was narrowing. Still, some concrete details remain gloomy. According to the intermediary agency analysis, this year overall new shipment capacity will be 10% growth, but the volume will fall 5%~10% year-on-year. Cosco, which has 6 new ships on the one hand and 9 more on the other, says its capacity growth is only 1%~2%, and may even be zero. In addition, the dismantling of the strength of the year compared with last January-May increased by 10 times times, the second half of the dismantling of the strength of the old ship will further increase, China Ocean itself has plans in the second half of the year to bring 6 ships to retire.