nhan dinh keo nha caiNews Highlights week: 12 - 2022

Including estimates for COSCO, nhan dinh keo nha cai ten carriers reported an aggregate operating margin of 57.1% for nhan dinh keo nha cai final quarter of nhan dinh keo nha cai year, once again a record for nhan dinh keo nha cai leading lines.

However, growth slowed sharply in nhan dinh keo nha cai fourth quarter, suggesting Omicron was not a game-changer for nhan dinh keo nha cai industry and nhan dinh keo nha cai extraordinary expansion seen in nhan dinh keo nha cai middle of last year was not sustained. Carrier liftings and revenue were also limited in growth by nhan dinh keo nha cai ongoing port congestion which forced them to skip voyages.
Final earnings for nhan dinh keo nha cai year for nhan dinh keo nha cai full 10 carriers are expected to be around USD 115 bn, in line with forecasts made by Alphaliner at nhan dinh keo nha cai end of November when nhan dinh keo nha cai Omicron variant was first confirmed.
Privately-held MSC which does not publicly release financials is not included in nhan dinh keo nha cai survey. COSCO will announce its full-year result by March 31 in a break from nhan dinh keo nha cai usual schedule of carrier reporting where typically CMA CGM has been nhan dinh keo nha cai last line to publish its results.
Once again, smaller Asian carriers without significant non-shipping activities posted nhan dinh keo nha cai best operating margins. Taiwan’s Yang Ming closed out 2021 with nhan dinh keo nha cai highest margin, at 67.8% for nhan dinh keo nha cai quarter, and nhan dinh keo nha cai highest overall total for nhan dinh keo nha cai year, at 61.3%.
With nhan dinh keo nha cai exception of Q2 when ZIM briefly made an appearance, nhan dinh keo nha cai four highest ranking companies in 2021 have consistently toggled between Yang Ming, Evergreen, Wan Hai and HMM.
However, Evergreen reported a drop in its operating margin in nhan dinh keo nha cai final quarter of nhan dinh keo nha cai year, bucking nhan dinh keo nha cai industry trend, after company EBIT came in at USD 3.36 bn.
This was flat on Q3 despite higher revenues. nhan dinh keo nha cai main Taiwanese line still recorded nhan dinh keo nha cai second highest average margin for nhan dinh keo nha cai year.
Despite efforts by nhan dinh keo nha cai four largest carriers to deploy more capacity on nhan dinh keo nha cai transpacific and nhan dinh keo nha cai full impact of spot earnings for those carriers with a delayed reporting system, nhan dinh keo nha cai rankings of Maersk, CMA CGM, COSCO and Hapag-Lloyd remained stable throughout nhan dinh keo nha cai year, with nhan dinh keo nha cai lines consistently occupying nhan dinh keo nha cai bottom four places.
For nhan dinh keo nha cai 9 carriers which have confirmed their results for this latest year, 2021 EBIT represents a 630% increase over their equivalent figures in 2020.
Overall, nhan dinh keo nha cai top 10 lines posted operating profits (core Earnings before Interest and Tax) of approximately USD 17 bn in 2020, once estimated earnings for ONE were included. (nhan dinh keo nha cai Japanese liner grouping did not begin officially reporting EBIT figures until Q1 2021.)
In terms of operating margin, nhan dinh keo nha cai Q4 2021 average of 57.1% compares to 24.5% for nhan dinh keo nha cai fourth quarter of 2020, and 2.4% in fourth quarter 2019.

Charter market undeterred by Ukraine war
nhan dinh keo nha cai container charter market remains so far mostly unaffected by nhan dinh keo nha cai war in Ukraine.
Only smaller vessels, which account for nhan dinh keo nha cai bulk of ships plying services to Russia are feeling nhan dinh keo nha cai effect of nhan dinh keo nha cai conflict, with many service closures leading to tonnage re-deployment.

Alphaliner has also heard stories of feeder vessel fixtures failing on charterers' subjects, but nhan dinh keo nha cai phenomenon remains so far limited.

nhan dinh keo nha cai continued strong demand is anyway helping carriers to easily use ships on other routes, while several charterers remain on nhan dinh keo nha cai lookout for smaller tonnage in many areas.

Otherwise, nhan dinh keo nha cai market fundamentals remain unchanged. Demand is staying strong across nhan dinh keo nha cai board while nhan dinh keo nha cai availability of tonnage is extremely tight, especially for prompt units.

Charter rates meanwhile continue to evolve at historic highs, but tend to plateau again, after weeks of continued rise.

nhan dinh keo nha cai number of fixtures remains globally limited, due to a continued scarcity of ships across most sizes.

However, nhan dinh keo nha cai negative signals on nhan dinh keo nha cai cargo and oil front continue to raise nhan dinh keo nha cai spectre of a market correction going forward.

nhan dinh keo nha cai Shanghai Containerized Freight Index (SCFI) has now been falling for ten consecutive weeks, and although it remains five times higher than prior to nhan dinh keo nha cai COVID pandemic, its retreat suggests that nhan dinh keo nha cai cargo demand bonanza might gradually come to an end.

nhan dinh keo nha cai price of oil meanwhile remains a major concern for nhan dinh keo nha cai world economy and for shipping, and although it has come off substantially since nhan dinh keo nha cai peak of USD 130 a barrel recorded a week into nhan dinh keo nha cai invasion of Ukraine, it is still at its highest level since 2014.

VNS