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Taiwan Consolidation Sanxiong only profited from Evergreen Shipping in the first quarter

Jun 05 2017

Guide: Taiwan Container Liner Sanxiong Evergreen, Yangming and Wanhai only made profits in the first quarter of this year.
According to Taiwan media reports, Taiwan's container liners Sanxi Evergreen, Yangming and Wanhai only profited from Evergreen Shipping in the first quarter of this year.

Evergreen Shipping's revenue in the first quarter was NT $ 33.84 billion (about 74 yuan), a decrease of 1% from the previous month, but an increase of 18.3% from the same period last year. In the first quarter of the year before the Chinese lunar calendar, the container freight rate rose first and then fell, but due to the increase in the overall volume and loading rate, the unit cost fell, and the gross profit margin increased by 4.06ppts to 6.23% quarterly, better than the original It is estimated to be 3.62%. The net profit after tax is NT $ 313 million (about 70 million yuan), which is turned into a profit.

Evergreen Shipping ’s loading rate for major routes from April to May has risen to more than 95%. Under the condition of maintaining a high loading rate, plus the newly signed contract price for the Americas in May, and the peak season surcharge may be added in the third quarter Both contribute to revenue performance; in addition, the maritime alliance integration has come to an end. It is expected that the benefits of the alliance will gradually appear, and unit costs are expected to further reduce. It is expected that the second quarter and third quarter revenue and gross profit margin will show quarterly growth.shipping to china

According to Alphaliner data, idle capacity has gradually been put on the market since February 2017. In May, the idle capacity was 503,000 TEU, accounting for about 2.5% of the total market capacity, which caused the previous spot freight rate to decline slowly, but the overall freight In terms of volume, both the Americas and Europe lines have grown from the same period last year, and the loading rate has gradually increased since February, and has now returned to 93% -95%, indicating that the growth rate of cargo volume is sufficient to absorb the investment in idle capacity. In May 2017, Alphaliner increased its demand growth rate to 4.6% in 2017, and its supply capacity growth rate to 3%, indicating that the market supply and demand situation in 2017 has clearly improved.sshipping to chinahipping to china

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