Recently, the shipping industry of negative headlines.At first is South Korea's hyundai merchant repay debt began to sell assets to raise cash, then raised the lay-offs price war.For transport, it seems, is facing an unprecedented disaster.
History's largest container company bankruptcy in the industry: is not the case
In March 2016, according to Alphaliner, hyundai merchant in the risk of total collapse.Although its biggest creditor Korea development bank (KDB) recently announced that agree to the latest issue should pay the principal and interest payments starting from March 29 to extend for three months, but the south Korean government has still not agreed to provide guarantee.Even if South Korea's hyundai merchant can temporarily breath to panasonic.But, for now, South Korea's hyundai merchant in the April of this year, and in July, respectively is faced with a $190 million and $257 million of debt repayment plan.
On March 17, 2016, South Korea's hyundai merchant bondholders also refused to extend the company debt repayment plan proposal, and after the owner company for more than a month of trying to persuade to reduce rent ship rent negotiations failed to achieve any progress.That is to say, if South Korea's hyundai merchant can't as soon as possible to reach a extension of the repayment plan with bond holders, or owners or reducing the rent agreement, to the court will likely be forced to seek bankruptcy protection.
DE shipping China gm Liu Qianwen thought in the road, hyundai merchant in the past two years have been sold several rounds of assets, in fact this is not the case, but the present situation of the shipping industry now some big enterprises, many small and medium-sized enterprises (smes) have gone bust.From the point of current situation, small make up think, sell assets, merger and acquisition has become the norm of shipping companies to avoid bankruptcy.
Cosco and China shipping alliance with who will?
Continuing market downturn, is caused by industry m&a tide waves.Most strikingly, hong and coscon.Cosco and China shipping, ranked the sixth and seventh, belong to different shipping alliance, the combination of the two state will directly undermine now alliance.
At present, the global container shipping industry is composed of four major league, they are 2 m alliance (composed of maersk line and the Mediterranean shipping), O3 alliance (CGM shipping, Hong Kong and the united Arab shipping), G6 alliance (by the President of the United States, South Korea modern merchant, Japan mitsui osk, herb in Germany, Nippon yusen, and Hong Kong's Orient overseas), CKYHE alliance (by coscon, hanjin shipping, Yang Ming k-line and evergreen Marine shipping, Japan).Ship sharing agreement among the members of the shipping alliance, in order to realize the complementary routes and the affiliated port, shipping date coordination, mutual rent, information sharing, the co-construction and sharing of shipping docks and yard, common inland logistics system.Cosco and China shipping after merger, the original alliance will be broken.
The uncertainty of the league, no doubt, lead to a lot of shipping companies do not know how should join the alliance, how to cooperation, is a lot that are a direct result of repeated competition leads to the difference of freight is not rational.The result is a container transport price low, disorder of the alliance.For the shipping industry is definitely icing on the cake.
The situation of shipping industry, how to stabilize?
Some scholars believe that after the alliance situation stabilized, shipping situation will naturally falling leaves.However, maersk CEO Mr Andersen is not optimistic.Union, he argues, is only part of the solution, and this is not the final solution.And cooperation between alliance itself is a very complicated process, how to make decisions is very complex.Final solution requires a long-term integration process, the process could continue for a long time.
Some experts believe that the international shipping market this year could be worse, actually had a point.Although in recent years the market recovered, but the overall trend is down.What will be the future shipping, and shipping of spring when will come?Must have to wait after the alliance, to a final verdict.
Shipping network disclaimer: this message is reproduced from other media, shipping network published the article for the purpose of the information, does not mean that agree with his point of view or confirm its description.Content is for reference only and does not constitute investment advice.
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