Shipping war and then upgrade, India, Taiwan, South Korea and Singapore national team have admission!

2016-11-30 14:34
ALMC Shipping Trough

2016 is bound to be a year in the history of the shipping industry, this year there are too many shipping Keywords: trough, merger, closure, closure, sale ... just as last week in 2016 Asia Logistics and Shipping Conference "This (2016) should be the most thrilling and turbulent year of my 35-year-long shipping career ...." said Mr Murray, general shipping.

        When everyone thinks the winter trough is about to come and the recovery is imminent, India, Taiwan, South Korea and Singapore have joined the rescue and support program in the past week because they have seen the entire shipping Industry unfathomable black hole and far from the end of the crisis, many countries shipping and its associated industry has come to the collapse of the cliff!
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- Korea -

       Perhaps because of shame and then brave, Han Jin in the sea due to the exposure of Park Hyung-hyun girlfriends implicated in the closure of the door, combined with the modern merchant ship in the process of joining the 2M unio uncertainties, in order to boost their shipping industry, the South Korean government Recently introduced three measures breath "care" of modern merchant shipping and shipping-related industries:

       1, tailored for the modern merchant ship "Bank (Tonnage Bank)":

       Operated by KAMCO, which helps shipping companies ensure cash flow and minimizes the shipping costs of shipping lines through a leaseback agreement with shipping companies. Up to now, the Korean asset management company spent 260.9 billion won (about 230 million US dollars) acquisition of ships.

By signing an agreement with Capacity Bank, the Korean small- and medium-sized shipping company ensured cash flow and improved fleet operational efficiency while the Korean government was considering selling modern merchant ships to the ship's banks and then re-leasing them back to modern merchant ships .

       2, the Korean government recently adopted a resolution will provide a total of about 260,000 TEU of modern merchant shipping capacity of container ships, which will greatly enhance the competitiveness of modern merchant, and the strength will also enhance the modern merchant on joining the 2M unio negotiations , After all, the more powerful, 2M alliance will be the possibility of acceptance.

       3, through the South Korean shipping funds and global shipping funds to increase investment in ports and terminals, the news shows that the South Korean shipping fund support range from the current container ships to bulk carriers and port terminals, the scale will be from 1.2 billion US dollars (1.36 trillion won) to 2 billion US dollars (2,27 billion won).

       - Taiwan -

November 15, in the face of the shipping industry has been part of the sluggish shipping sector bankruptcy, the rise of major alliances, in order to protect the deep mire of Taiwan's shipping industry, the Taiwan Ministry of Communications proposed 60 billion Taiwan dollars (about 1.888 billion US dollars) Mitigation plan, by the Taiwan government loans to provide long-term sea-related industry use, port charges are also given discounts.

In the listed cabinet enterprises, Yangming, Evergreen, four-dimensional aviation industry are in line with aid conditions. Among them, Yangming, Evergreen related to international transport, Yangming seaborne in the past four seasons, the cumulative loss has reached 16.826 billion Taiwan dollars (about 529 million US dollars), Evergreen loss of 8.914 billion Taiwan dollars (about 2.8 billion US dollars) Total losses of 25.74 billion Taiwan dollars (about 819 million US dollars).

The Taiwan authorities have developed a "global shipping boom recession shipping industry incentives, bail-out and promotion of industrial upgrading measures program," said Wang Guocai, deputy minister of Taiwan's Ministry of Transportation Affairs, on 15th, said the global shipping downturn, South Korea's largest shipping down, The bail-out plan has been sent to the Executive Yuan, hoping to help the shipping industry to survive the winter.

         - India -

        It is reported that the Indian Ministry of Shipping launched Sagarmala project investment objectives, will invest 240 projects over a total of 60 billion US dollars (about 3.99 trillion rupees) during the five-year period.

        India's Joint Transport Minister Nitin Gadkari in Mumbai at 2016 India's first maritime summit that the Indian government has received nearly 830 billion rupees (about 13 billion US dollars) shipping, port and related sector investment commitments.

Nitin Gadkari noted that India's defense minister, Manohar Parrikar, announced the signing of an agreement with the Department of Transportation to ensure an order of nearly Rs 7,500 crore for the already troubled Indian private shipyard, one of the largest outcomes of the summit.

- Singapore -

Since Singapore's shipping label company NOL (APL) has been acquired by CMA, Singapore's International Enterprise Development Authority (IE Singapore) has announced that it will continue to support its international transit port status and help local maritime and offshore projects, (IFS) for shipping-related companies in December, while re-launching SPRING Singapore's Bridging Loan.

International financing plan is to help the industry to obtain working capital and loans, excessive loans to help companies finance and short-term cash flow gap to fill. Each company can borrow up to $ 5 million for a maximum period of six years. The maximum amount for each group of borrowers is RMB 15 million.

These are one-off measures, the next year will be about 1.6 billion in loans, the Government will bear 70% of the risk.

Analysts believe that the industry's own advantages and disadvantages can be an effective solution to the shipping industry is now the problem of excess capacity. Out of the shipping company's exit, will ease the excess capacity, tariffs can not upgrade the problem, you can make the shipping industry as soon as possible from the winter to recover. The Government's intervention, so that those who would have been natural selection of the company retained, which is obviously not conducive to the settlement of excess capacity problems, delaying the shipping industry self-repair time.

This is for the entire shipping industry, is more good than harm!

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