11/20/2022 0 Comments Container intelligence monthlyThe second-largest shipping firm behind Maersk, Geneva-based MSC, is privately held and does not release its financial reports. Copenhagen-based A.P Moller Maersk similarly recorded a third-quarter operating margin of 46.1% and devoted just15% of its fleet to trans-Pacific trade lanes. Germany's Hapag-Lloyd reported a third-quarter EBIT of 46.5% and was only allocating 12% of its fleet to the Asia-to-North America market, according to Alphaliner. The largest shipping lines operate more of their fleet on shipping routes outside the Pacific and have lower exposure to the spot market. "The 'tail' on the container boom has continually defied forecasts with several players initially predicting that the boom would peter out after the 2021 Chinese New Year," Alphaliner said. Evergreen Marine, which operates 34% of its fleet in the trans-Pacific market, reported an EBIT of 67% of its revenue in the third quarter of 2021, followed by Yang Ming at 66% and Wan Hai at 61.5%, according to Alphaliner. Taiwanese shipping companies posted the largest profits due to their heavy exposure to the lucrative trans-Pacific trade lanes. "The 10 lines have already generated nearly $80 billion in EBIT in the first nine months of the year, while the recent emergence of the omicron variant could ultimately push these forecasts even higher," Alphaliner said. This vital sectorof the shipping market is set to become more important still, withcontainer traffic historically having grown at an averagerate around three times faster than the dry cargo and tankertrades.Our role is to service the needs of the world's major shippinglines and of the container ship owning companies, broking dealsthat enable both to operate and build the businesses that in turnmeet the needs of the increasing global demand for goods.Receive daily email alerts, subscriber notes & personalize your experience. From home electronics and car parts to foodstuffs, textiles,chemicals and bulk commodities such as scrap metal, they cross theoceans on vast vessels - the next generation of which will bealmost 400 metres long, over 50 metres wide and be capable ofcarrying 18,000 individual containers.Container shipping covers all global trades: from smallinter-regional feeder routes to major trades such as those betweenAsia and Europe and Asia and the USA. Most of the products that satisfy global consumer demand aretransported in the multi-coloured branded containers familiar to usall.
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