keo nha cai dua ra toi nay week: 11 - 2024

Lower freight rates cut Yang Ming’s annual revenues by 63% year-on-year, to TWD 140.6 bn.
However, it reported a net profit for keo nha cai dua ra toi nay year of TWD 4.7 bn, albeit this represented a 97% decrease on keo nha cai dua ra toi nay TWD 180.6 bn profit logged in 2022.
In light of keo nha cai dua ra toi nay Red Sea crisis and keo nha cai dua ra toi nay Panama Canal drought restrictions, Yang Ming said its primary strategy last year was on maintaining stable services and safe navigation.

Going forward, it is focusing on strengthening keo nha cai dua ra toi nay business strategy, adjusting its service network, and refining network fleet planning.
Although keo nha cai dua ra toi nay IMF recently raised its outlook for global economic growth by 0.2% to 3.1% for 2024, Yang Ming warned of persistent uncertainties this year. keo nha cai dua ra toi nay IMF is predicting similar growth, at 3.2%, in 2025.
Red Sea crisis: rate hikes exceed cost increases
Diversions around keo nha cai dua ra toi nay Cape of Good Hope have increased shipping companies’ operating costs by approximately 50% - considerably less than rate rises seen in keo nha cai dua ra toi nay same period, according to ratings agency Fitch.
Fitch, which acknowledged keo nha cai dua ra toi nay crisis in keo nha cai dua ra toi nay Red Sea was lasting longer than expected, said keo nha cai dua ra toi nay conflict would positively affect carrier’s short-term profitability, especially as higher spot rates would also influence this year’s contract prices.
In keo nha cai dua ra toi nay spot market, rates on Asia–Europe routes have increased by around 285% since early October, and more than doubled on other main East West lanes.

Foto: AFP

Although disruption in keo nha cai dua ra toi nay Red Sea plus problems in keo nha cai dua ra toi nay Panama Canal are not expected to bring structural changes to keo nha cai dua ra toi nay market, they could keep freight rates ‘higher for longer’.
While inflation in operating expenses, higher port charges and keo nha cai dua ra toi nay cost of meeting environmental regulations will cut into carriers’ profits, these factors could also help to prop up freight rates once keo nha cai dua ra toi nay Red Sea crisis is over.