Bulk shipping companies have stripped the asset markets in the end how miserable?

Sea Sheng evening of August 22 issued "major asset sale and Related Transaction Plan," said the company intends to Hainan Haisheng Shipping Limited 100% equity transfer to COSCO Bulk Carrier Co., ocean, while Hainan Haisheng subsidiary of Guangzhou Zhenhua Shipping Co., Ltd. intends to Shenzhen City Sanding Tanker Co., Ltd. 43% stake to China Shipping development Co., Ltd.

Notice that, before the transaction, the listed company's main business includes shipping business and healthcare services, by domestic dry bulk shipping industry as a whole downturn, the company dry bulk shipping business continued losses. The transaction, the company will sell all assets related to the shipping business. Nearly three years, the company shipping business gross profit was -2856.36 yuan, 39,847,000 yuan and 48.0283 million yuan, gross margin was -2.75%, 3.82% and 4.85%, return on assets of the Company after deducting non-recurring net gains and losses, respectively, It is -15.87% - 13.03% and -28.52%.

Insiders said recently that the Sea Sheng sell shipping assets through restructuring, indicating that it will accelerate the transition. Market analysis of dry bulk industry fundamentals have not fundamentally improved, shipping will continue to oversupply, BDI index continued to rise long-term weakness. BDI continued to fall downward pressure on the global economy is reflected in a large, relatively sluggish international trade, raw materials industry downturn, decline in commodity transportation needs, BDI index most of the time hovering around 650, far below the 1200 close to the breakeven point.

And in the Sea Sheng Similar CSD asset restructuring carried out recently, the company sold the bulk cargo business continued losses, set out the dry bulk shipping assets (in the sea Bulk Carrier), acquired 100% stake in Dalian Ocean, focusing on oil and gas transportation business. After the completion of the reorganization, the company will have a capacity scale ranked Tanker fleet. Tanker industry boom industry was significantly higher than the industry running loose, we can see that the water is too deep bulk market, large listed state-owned enterprises are not too optimistic about the bulk cargo business.

WA proximity ore shipping volume and price go, import dry bulk shipping market rebound, but with the iron ore port stocks high, the next two to three months term capesize also under pressure, with the the end of the South American grain transport peak period, the probability of a larger international sea freight fell, when BDI index might drop. Ship minute short term: Pacific capesize iron ore market active transportation, rent, freight significant rebound; Panamax shipping US Gulf warming food, rent, freight rates stabilized stabilized; less Supramax vessels ship more goods market , turnover is limited, rents continued to fall possibilities.