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OOKEANI KONTEINERVEDUDE OÜ

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Already 3,044 people have seen this company's branding and they are being followed by 66 Storybook user.In average the company has been rated 5.0 points but has not been commented.

's activity report 2022

Ocean Container Shipping Ltd was established in 1997. The company's main activity was and is international agency and forwarding services and logistics.

In the reporting year, agency and forwarding services were provided in a total amount of 140,420,083 EUR. Agency and forwarding services in 2021 were in the amount of 173,707,970 EUR plus other real estate management or related activities - 172,800 EUR. The total amount per year is 173,880,770 EUR.

Ocean Container Shipping Ltd has 3 subsidiaries in Russia, 1 subsidiary in Latvia and two affiliated companies. The purpose of establishing subsidiaries was to increase the company's presence in one of the main export markets, increase sales and ensure fast and quality service to partners.

Most of the invoices to foreign partners are issued in US dollars.

Similar to the previous two years (2020, 2021), the impact of the pandemic that began in 2020 on the economy continued in 2022. The positive impact of the global economic recovery on the global container shipping market lasted until mid-2022. In the second half of the same year, the global container shipping market turned to decline, the container shipping prices that had been on the rise started to fall in practically all directions.

The decline in container shipping prices affects the decline in our company's turnover.

However, our region, including our company's operations, was particularly strongly affected by the significant general decline in trade between Russia and Europe that began in February 2022 due to the imposition of sanctions and general trade restrictions with Russia.

This led to a radical reorganization of the work of our branches located in Russia.

Despite the negative circumstances mentioned above, thanks to the significant rise in the exchange rate of the Russian ruble (temporary strengthening of the RUR against other currencies) and the temporarily sharply increased additional logistical services provided to local customers in Russian ports and inland terminals, such as: repositioning of containers between different terminals, reloading of goods into/from containers, provision of additional storage and other services, etc., we managed to achieve an increase in profit in 2022 compared to the result of 2021.

The continued strengthening of the USD rate against the EUR in 2022 also contributed to the increase in our company's profit.

Main financial ratios 2022 2021

Sales revenue 140,420,083 173,880,770

Revenue growth -19.24 % 65.82 %

Net profit 4,522,586 1,767,715

Profit growth 155.84 % 185.92 %

Net profitability 3.22 % 1.02 %

Short-term obligations coverage ratio 2.82 % 1.71 %

ROE 18.24 % 8.56 %

ROA 12.85 % 4.30 %

Methodology for calculating the financial ratios provided:

Sales revenue growth = (2022 sales revenue - 2021 sales revenue)/2021 sales revenue*100

Net profit growth = (2022 net profit - 2021 net profit)/2021 net profit*100

Net profitability = net profit/sales revenue*100

Short-term obligations coverage ratio = current assets/short-term liabilities

ROE = net profit/equity*100

ROA = net profit/assets*100

OOKEANI KONTEINERVEDUDE OÜ contacts

Cooperation partners

The company's biggest cooperation partners

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