日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Shipping companies spring to hope, expand fleets

Xinhua | Updated: 2018-03-19 10:21
Share
Share - WeChat
China's CSCL India Ocean, one of the world's biggest container vessels, anchors at the Gulf of Suez, Egypt.[Photo/Xinhua]

HANGZHOU-A recovery in the shipping market has buoyed optimism among Chinese shipping companies, with many once again buying new boats to expand their fleets.

Zhongchang Marine Co Ltd in East China's Zhejiang province was among those betting on better days to come.

Its president, Huang Shenghui, said he has finally seen a glimpse of hope after years in trouble as an industry downturn persisted in the wake of the global financial crisis 10 years ago.

Zhongchang Marine recently bought seven bulk cargo ships through a financial leasing program to increase its fleet to 17 ships, raising its transport capacity from 430,000 metric tons to 780,000 tons.

Financial leasing can help ease operating pressure and reduce financial costs, said Huang. In 2017, its revenues from the shipping business rose 70 percent year-on-year to 380 million yuan ($60 million), with the net profit exceeding 100 million yuan.

"Following the financial crisis in 2008, the shipping market entered a long period of downturn and as a result, many loss-making firms went bankrupt," said Huang.

In the second half of 2016, the chill started to recede, and in 2017, shipping rates saw a rare bull market with continuous rises, ending a seven-year downturn.

Yao Jian, an analyst with China Securities, said that with a recovery in global trade in 2017, when China's trade value rose 14.2 percent, the Baltic Dry Index, a shipping index measuring change in the transportation cost of raw materials, has risen above 1,200 points from around 950 points at the beginning of last year.

To cash in on the increase in shipping rates, Zhejiang Xinyihai Shipping Co Ltd bought six ships with a total transport capacity of 95,000 tons.

"The year 2017 was when China's shipping industry recovered from the trough," said Tang Tianyu, an official with the Zhoushan Port and Shipping Management Bureau in Zhejiang.

Some local shipping firms once again bought new cargo vessels, driving the total transport capacity in Zhoushan to exceed 6 million tons for the first time, said Tang, adding that fewer ships are now idle.

The shipping industry in Zhoushan posted revenue growth of over 10 percent last year, with two-thirds of general cargo shipping firms reversing from losses to profits.

China's economic recovery has boosted demand, which has helped the coastal shipping market record strong performance, said Tang.

China's strong demand for coal is a major driver behind the rising shipping rates, said Tang, adding that coal contributed 1 billion tons in domestic and foreign trade last year.

"The rapid market recovery has exceeded expectations," said Huang. "Many of the once pessimistic ship owners have changed their expectations and restored some confidence," he said.

"Many shipping firms could only recruit a few college graduates last year," said Huang, adding that the difficulty in recruitment showed the harsh situation facing China's shipping industry, which is still plagued with excess capacity.

The shipping companies are still cautious about expanding their fleets due to rising prices of cargo ships, difficulty in fundraising and divided market expectations.

"After a long chilly winter, the shipping market has finally seen the arrival of spring and some of the confidence has been restored," said Huang. "But we should be more rational about capacity increases, and we'd like to see a stabler market."

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美一级特黄aaaaaaa在线观看 | 久久久精品日本 | 精品免费久久久久久成人影院 | 精品国产乱码久久久久久丨区2区 | 欧美一区在线观看视频 | 免费的色网站 | 亚洲电影一区二区 | 国产人成久久久精品 | 91在线 | 欧美 | 538prom国产在线视频一区 | 欧美国产高清 | 国产高清在线精品免费 | 国产亚洲精品久久久久久线投注 | 国产日韩欧美久久久 | 国产精品99999999 | 国产欧美视频一区二区三区 | 91大片 | 久久噜噜噜精品国产亚洲综合 | 国产一区二区三区免费播放 | 98色花堂国产第一页 | 耽美男男肉文 | 综合久久久久 | 欧美日一区二区三区 | 91久久老司机福利精品网 | 狠狠草视频| 欧美一性一乱一交 | 色爱综合网 | 91福利免费体验区观看区 | 国产美女啪 | 男女激情爱爱 | 国产国产精品人在线观看 | 欧美久久久久久久一区二区三区 | 日韩欧美中文在线 | 成年黄网站在线观看免费 | 日韩男人的天堂 | 欧美二区在线 | 国产精品人妻无码八区仙踪林 | 精品国产一区二区 | 中文字幕人成乱码在线观看 | 亚洲国产婷婷香蕉久久久久久99 | 久久99国产一区二区三区 |