It is estimated that global shipping demand will increase by 4% by 2018, more shipping companies will consolidate mergers and acquisitions and Haberrott, which became the top shipping company in the world after the merger with Arabian ships, sees a trend of further consolidation in the shipping industry. glenflange
Rolf Habben Jansen, CEO of Hepburn, recently said that by the end of 2018, about 9 of the top 20 companies had disappeared. Habben Jansen pointed out that the shipping industry will continue its industry consolidation by 2018 and the number of major shipping companies will further decrease as the business reorganizes. Five years ago, nine of the top 20 shipping companies in the world will eventually reach the end of 2018 before the end of 2018 disappear.
Habben Jansen pointed out that the shipping industry seems to be on track in 2018, ship rents are on the rise and the number of idle ships is also declining. However, with the delivery of the global container fleet in 2018, the field of container ships will continue to be under pressure. According to Alphaliner data, container shipments delivered by 2018 will reach 1.5 million TEUs, of which more than half are 14000-21000 TEU glenflange very large container ships.
Habben Jansen estimates that transport demand will increase by 4% in 2017, 4.5% in 2018 and 4% by 2019.
Over the past few years the shipping industry has been accompanied by excess capacity, price wars, shipping rates are not lower only the lowest. However, shipping industry analysts said the worst may have passed.
Haphaloth recently completed the consolidation of Arab ships. Habben Jansen said he expected more savings in the future. He reiterated the full-year earnings growth guidance for interest, taxes, depreciation, amortization and interest income before the full 2017 data, which will be released on March 28. The charter rates began to increase in 2018 and the size of the idle fleet was low. He added: "We have a lot of new ships that give us absolute competitiveness, which is quite different from four or five years ago."
Hyporot's operating profit increased more than 10-fold in the first nine months of 2017, but Habben Jansen said the company still has $ 7.3 billion in liabilities to settle. He said Herblock's goal for the next two years is to use its own cash flow to reduce debt.
With the new capacity addition to Hepburn due to the integration with Arab ships, Haphalt no longer needed to order new vessels and could focus on strengthening its financial structure and reducing its debt.
However, he said oil prices have risen to the highest point in three years glenflange and are pushing up fuel costs, which poses a great challenge to shipping companies.
Hapag-Lloyd expects full-year revenue to be higher than previously announced in 2017 and achieves 85% to 90% of its annual synergies this year to $ 435 million, up from 100% in 2019.