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The waters are rough. The first was the closure of the Maersk refrigerated container plant, announced a few weeks ago. And now Vapores is suffering from a debacle at the Stock Exchange. Shares of the company began falling in the middle of the month, but suffered a real collapse in the day of the last Friday of the month. Around 13:30, the shares of the shipping company fall 17.04%, accumulating a loss of 25% since June 12.
The two events have a common cause: the deceleration of world maritime trade and increased supply in the market.
Factory production accounted for 44% of planned targets. The weakening of world trade is syndicated as one of the biggest culprits of this.
In the case of Maersk, this scenario resulted in a drop in container orders in Chile, which led them to close the factory. For Vapores, meanwhile, the blow came from farther. Specifically from Germany, where is the parent company of Hapag Lloyd, shipping company in which Vapores holds a 24.7% stake.
The multinational has announced that it should lower its earnings forecast due to lower rates and an increase in fuel costs. Indeed, according to consulting firm Freightos, prices have been reduced due to overcapacity – that is to say, greater supply – and lower demand. This, because while the e-commerce has increased air traffic, there is no suitable driver ("driver") in the shipping company.
Thus, he predicted that his Ebit would end up between 200 million euros (230 million dollars) and 450 million euros (575 million dollars). By the end of 2017, he had nevertheless badured that his result for this year would be much better than the 410 million euros achieved during this period.
Local investors sold out the shares of the Stock Exchange. Trade of Santiago. With that, they took the company to be the most traded and the biggest loser of the wheel on the last day of the week. The collapse attracted the attention of the place, which asked Vapores to clarify what the losses were due. The company's response was quick to come and made direct reference to Hapag Lloyd's announcement. "It should be remembered that the main badet of our company is precisely its participation in the aforementioned German shipping company," said Vapores on the stock market.
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