The "henna" startled

September 13, Mainland China's first luxury cruise ship "henna" by the South Korean District Court of Jeju seizure, resulting in more than 2,300 people stranded on the island, including 1659 passengers. Subsequent news shows that the so-called "arrest boat" for a reason, because HNA Group's Daxin China Steamship Company owed Sand Steel rent, sha steel for detainment and the South Korea Jeju District Court for the detention of Daxin China Shipping debt Guarantor HNA Group related assets application, "henna" become the goal. The dispute between Daxin Steamship and Sha Steel is long-standing. It is reported that Sha Steel as a lessor on August 6, 2008 with the big Xinhua Company signed the "Dong-aastrea" round of the lease contract, the shortest lease period of 82 months, the longest 86 months, by HNA Group for the big Xinhua Company to provide performance guarantees. It is expressly stipulated in the guarantee letter that HNA Group shall carry out unconditional performance guarantee for all the terms in the lease. SHA Steel said that the daxin steamer only in time to pay the first 10 (every 15 days) rent, starting from October 2010 breach of contract, deferred payment and eventually foreclosure rent. At this point, sand steel has been for three years of debt collection process. SHA Steel submitted an application for arbitration to the London Maritime Arbitration Commission for non-payment of Rent, and a total of five arbitration orders were awarded, totalling about USD 15 million. "Sha Steel said," the company in January 2012 to the High Court of Hong Kong to apply for the 15 million of dollars already incurred in the settlement of the Dah Sing China ship issued a liquidation request, while the London Maritime Arbitration Commission to determine the remaining contract during the loss of sand steel, And a 58 million-dollar arbitration order was received between November 2012. "It is reported that SHA Steel launched two lawsuits against the charter business, one against the Daxin China Steamship Hong Kong Company's arbitration, the company has entered the liquidation process, a lawsuit against HNA Group guarantee in the British High Court. At the Beijing Capital Airport Conference, HNA travel industry people responded to reporters that Sha Steel for HNA Group security matters have been in the British High Court, is currently in the first round of defense stage, has not yet opened trial. Before the court's conclusion, SHA Steel coordinated the South Korean District Court to take action against HNA Group's subsidiaries. We don't know why the other party can't wait, and it's not clear whether the whole group is under a huge operating pressure. "Let a lot of people feel surprised is, daxin Chinese steamship and when the parent company big Xinhua Logistics Why often debt not return?" "At present, the entire shipping industry has been plunged into a crisis, whether the shipyard or shipowners, we all have a tight capital." "A company with the dah Sing Hua steamer has business dealings, a state-owned container transportation companies, said to reporters, for Daxin China steamer, the situation is particularly true." He told reporters that as early as the industry peak in 2008, Daxin Ship and Sha Steel signed a 172,000-ton sea-Cape ship lease, the rent is 52,500 USD/day. The shipping industry has since declined, with the current market rent of just over $20,000/day. "This means that the dah sing-hwa steamer is to be rented on the boat every day 20,000 beautyYuan, 7 million dollars a year. "Even more surprising is that the Daxin China steamer signed a 80-month lease." This is extremely rare in the shipping industry, the people said. "The most common term for the shipping industry is six months, followed by one year." It is rare to sign 7-year-old cases like this, because the industry is particularly sensitive to the international economic situation and fluctuates wildly between peaks and troughs. Dare to sign a 7-year contract owner, or do not understand the industry, or is absolutely optimistic about the future, made a wrong judgment. "The intriguing is that HNA also made a similar statement, that the 52,500 U.S. dollars/day of high prices and sand steel signed for up to 82-86 months long rent" is extremely abnormal practice in the industry, very unreasonable, do not rule out the possibility of shady, the relevant departments are on this case investigation. " And the reporter from the HNA group related to the news that the original Chinese ship signed the lease of the people who happened to be from Sha Steel job-hopping, has now resigned. It told reporters that the original SHA Steel as the two shipowners, the transfer of the ship rent net earn 7000 dollars a day. HNA Logistics Empire Evolution of the 1 US dollar sales, big Xinhua Logistics Future is not in doubt the original Xin-hua steamer signed the lease of the people who happened to be from Sha Steel, has now resigned. HNA related people to reporters that the original SHA Steel as the two shipowners, turnover of the ship rent net earn 7000 dollars a day. In mainland China luxury cruise "henna number" and 1659 passengers stranded in South Korea, the HNA Group's big Xinhua logistics debt dispute surfaced. Prior to that, the large Xinhua logistics subsidiary of Daxin China Steamship due to the arrears of Sand Steel Shipping Co., Ltd. (hereinafter referred to as "SHA Steel") rent, by Sha Steel to the South Korean District Court of Jeju to detain the henna number, thus evolving into a public event. At present, all passengers of henna have been safely returned, but the Chinese business newspaper reporter learned that in the hope that the use of the arrest of the boat to claim the sand steel or difficult to do so. As early as the second half of 2012, the big Xinhua logistics will be debt-ridden daxin China ship to 1 U.S. dollars sold to the registered in Marshall Islands natural persons Company. "Marshall Islands is known for its secrecy, and it is difficult to find out what shareholders are really about. A person familiar with the matter told reporters at present, Daxin ship has entered the bankruptcy liquidation procedures, SHA Steel was expected to be signed with the HNA Group unconditional guarantee letter to recover debts, but because of sand steel and daxin China ship are registered in Hong Kong, belong to foreign security, whether applicable to the mainland law is still unknown. More importantly, Daxin Chinese steamship has been sold "severed arm", the former parent company of the big Xinhua logistics also uncertain future. The reporter learned that the company was founded in 2007, HNA Group was originally planned to spend tens of millions of dozen to create a logistics platform, but because of the repeated strategic mistakes, the current group has gradually been replaced by HNA Logistics. The arrest of the ship in 2012 big Xinhua logistics losses, HNA Group has punished 21 senior executives. Although the creditor's sand steel hopes to recover the debt as soon as possible, but let it disappointed is the big Xinhua roundThe ship has been sold for 1 dollars and has entered the bankruptcy liquidation process. "April 8, 2013, SHA Steel applied to the High Court of Hong Kong for winding up the hearing of dah sing-wah ferry, the judge issued a provisional winding-up order for Dah Wah Ferry and the winding-up procedure was formally commenced in the afternoon, and the official Receiver's office appointed a provisional liquidator to take over the dah sing-wah steamer." HNA people told reporters. Lawyer analysis, because of the nature of the Daxin ship is limited, that is, its entire assets to its liabilities of the legal entity, relative to sand steel to raise the debt of up to 50 million U.S. dollars, daxin China steamer in Hong Kong registered capital of only 50,000 U.S. dollars. In the sight of Daxin ship's repayment is hopeless, Sha Steel began to hope in the HNA Group, because HNA group once on the ship's charter provide unconditional guarantee. The reporter was informed that the case is not yet in session. Analysts in the industry, SHA Steel may be disappointed again. The people familiar with the matter told reporters that since Sha Steel and daxin China are registered companies in Hong Kong, compared with the mainland enterprises HNA Group, its guarantee letter is foreign-related security, the need for a series of complex procedures, whether currently applicable to the mainland law is still unknown. In Sha Steel detainment, when the end of the big Xinhua logistics but it emerged from the surface. As the former parent company of Daxin Steamship, the similar debt collection incidents occurred frequently in the big Xinhua logistics. For example, the 2011 Hong Kong Jinhui Shipping Co., Ltd. called Xinhua Logistics arrears of its rent of 4.8 million U.S. dollars; at the end of 2011, including the Greek family business Vafiasgroup, several Chinese and foreign shipping companies with the big Xinhua logistics rent disputes, allegedly involved in the amount of about 500 million yuan; 2012, Hua Rong Financial Leasing Co., Ltd. has also included large Xinhua logistics, including the HNA Group 6 companies to sue the Ningbo Maritime Court, the total mark of more than 600 million yuan. After 2007 years of the birth of the big Xinhua logistics, in the internal meeting, HNA Group board chairman Chen Feng announced to invest tens of billions of dollars to build it into a logistics empire, and the aviation, logistics and modern financial services industry as the three pillars of HNA Group. "The group's will is to create a sea-land and air integration of the entire industrial chain logistics system." This is explained by those groups. However, a person from the big Xinhua logistics, said the reporter, from the beginning of the birth of the big Xinhua logistics almost face a strategic error. "The group initially aimed at the maritime industry, has acquired the Tianjin Shipping and Yantai Sea transport, and for this purpose, dug a group of people from the sea to operate." "He told reporters, in addition, the big Xinhua logistics and mergers and acquisitions of the gold sea heavy industry, trying to build" shipbuilding-transport-freight Forwarding "Such a full coverage model, but subject to the impact of the environment, shipping and heavy industry plate losses. To 2011 years as an example, the media disclosed that the grand Xinhua logistics total assets of 57.4 billion yuan, the total liability of 41.16 billion yuan. Among them, the current liabilities are as high as 30.4 billion yuan, and the financial institutions that expire within 1 years are up to 8.3 billion yuan--and the company's net profit for 2011 is less than 450 million yuan. The official reply of HNA group to reporters, the operation of the big Xinhua Logistics has made the following statement: "2012 big Xinhua Logistics liabilities in the industry average level, affected by the downturn in the industry, the profit situation is not optimistic." "For any company, a higher ratio of liquid debt will pose a threat to the cash flow, not to mention the shipping and heavy industries of the big Xinhua logistics, all of which are high capital and high-risk sectors." "The above-mentioned big Xinhua Logistics Personage pointed out its implication risk." In addition, the reporter learned that the 2012 big Xinhua Logistics losses, HNA Group was punished 21 senior executives. "We have internal accountability, most of whom have left, and the loss of senior management team after the big Xinhua logistics in the business by the HNA Logistics escrow." The above HNA group Personage tells a reporter. Strategic shift? "Group has gradually abandoned the big Xinhua logistics, the hope of the logistics of the HNA." From 2012 onwards, the atmosphere of the great Xinhua Logistics has undergone a subtle change. "Many colleagues have started leaving and some have been assigned to the aviation sector," he said. Said the big Xinhua logistics personage. In accordance with the Grand China logistics inside the more radical saying, "the group has gradually abandoned the big Xinhua logistics, the hope of the logistics body in the HNA." Before, the big Xinhua logistics business can be divided into the following sections: shipping, heavy industry, logistics/Freight forwarding, online payment companies. Now HNA Group's official website information shows that the large Xinhua logistics companies are quietly by the HNA logistics take over, including Shanghai Hna Easy Logistics Co., Ltd., Ching Information Technology Co., Ltd., Beijing Dahua Flying Logistics Co., Ltd., big Xinhua Logistics Beijing Limited Liability company, Jinhai Heavy Industry Co., Ltd. and HNA Logistics shipping business. And its latest action is August 26, HNA Logistics capital of not less than 3.6 billion to subscribe to Tianjin shipping 23.83% shares. The people familiar with the analysis, in HNA Group to build the logistics Empire at the beginning, is expected through the logistics business for the group to provide a steady stream of cash flow. Did not expect the changes in the industry environment to "group Blood transfusion Machine" into a "loss bottomless pit", so the group tried to transfer more high-quality business to the HNA logistics. But HNA group people do not accept this statement. "HNA Group is still optimistic about the logistics industry, we are more planning from the business and strategic reintegration." However, in view of the fact that the SHA Steel debt collection incident revealed the difficulties in the operation of the big Xinhua logistics, the industry has raised doubts about its capital capability. Industry concerns, by Grand China logistics exposure to the loss of the black hole or implicate the entire HNA group. However, a financial personage from a state-owned aviation Group believes that HNA Group has not reached this point. "HNA Group's core weight is aviation, as long as the flights continue to take off sales, HNA Group has a continuous cash inflow account, the bank is willing to provide loans to it." "The statistics obtained from HNA Group show that the total assets of HNA Group in 2012 were close to 360 billion yuan, an increase of more than 20%, net assets of about 77 billion yuan, an increase of nearly 30%, and the asset-liability ratio of 78%, lower than 1 percentage points in the beginning." "The present SeaThe total liability of aviation Group is about 280 billion yuan, of which the long-term liabilities accounted for 60%. "The above HNA group Personage discloses.