nhan dinh keo nha caiNews Highlights week: 20 - 2022

This contraction is however mainly driven by a fall in rates in nhan dinh keo nha cai smaller sizes (1,000-1,300 teu), with rates on nhan dinh keo nha cai larger vessels showing so far no evidence of any significant weakening. nhan dinh keo nha cai softening in charter rates is however gradually expanding to nhan dinh keo nha cai 1,700 and 2,500 teu segments and could spread further.
It remains to be seen if nhan dinh keo nha cai peak cargo season, kicking in from August, will stimulate demand for tonnage and push charter rates up again, but for now, nhan dinh keo nha cai trend is bearish.

This being said, Alphaliner believes that nhan dinh keo nha cai continued shortage of ships, especially for prompt tonnage, and persistent disruptions in nhan dinh keo nha cai supply chain, with continued lockdowns in China and congestion issues in various ports, will help keep charter rates at high levels in nhan dinh keo nha cai short term.
However, nhan dinh keo nha cai economic and geopolitical uncertainties continue to darken nhan dinh keo nha cai longer-term outlook and threaten cargo demand prospects. nhan dinh keo nha cai high level of inflation around nhan dinh keo nha cai world is putting a damper on consumers’ discretionary spending, particularly for nonessential goods, which account for a large proportion of cargoes carried on container vessels.
nhan dinh keo nha cai lower volumes are already translating into falling spot cargo rates, with nhan dinh keo nha cai SCFI now in its 18th week of uninterrupted decrease.
Meanwhile, nhan dinh keo nha cai knock-on effects of nhan dinh keo nha cai war in Ukraine contribute to freezing nhan dinh keo nha cai world economic growth, with ongoing sky-high fuel prices and threats on grain supplies.
Against these uncertainties, carriers are adopting a more prudent attitude in securing tonnage. Many of them have decided to temporize on their charter requirements or prefer to fix for shorter employments of 12, occasionally 24 months, versus nhan dinh keo nha cai 36, 48 or even 60 months charter durations commonly agreed upon until April.
Port congestion in North Europe continues to worsen
Very high yard densities at North European container terminals and inland transport bottlenecks are aggravating port congestion problems in nhan dinh keo nha cai trade between nhan dinh keo nha cai Far East and North Europe.

Container ships deployed on this route currently need on average 101 days to complete a full round voyage. This means that they arrive on average 20 days late in China for their next round trip, forcing carriers to blank some sailings as there is no ship available.
These delays have further increased during recent months as Alphaliner reported average delays of 17 days in November last year (see newsletter 2021-45) and again 17 days last February (see newsletter 2022-07).
nhan dinh keo nha cai time needed to discharge and load at nhan dinh keo nha cai three biggest European container ports was a total of 36 days between arrival at Rotterdam and departure from Hamburg. Such delays cannot be caught up by sailing eastbound at full speed.
Evergreen Marine caps off rankings rise with highest Q1 margin to date
Taiwan’s Evergreen Marine (EMC), Yang Ming and Wan Hai Lines reported a collective operating profit of TWD 238.7 bn (USD 8.01 bn) for nhan dinh keo nha cai first three months of nhan dinh keo nha cai year after revenues rose 9% versus nhan dinh keo nha cai previous quarter.
Evergreen was nhan dinh keo nha cai strongest performer, reporting nhan dinh keo nha cai highest operating margin among nhan dinh keo nha cai three, to coincide with its recent move up to position six in nhan dinh keo nha cai global carrier rankings (see page 14). Operating profit (EBIT) jumped 23% quarter-on-quarter to TWD 117.2 bn (USD 3.9 bn), equivalent to an operating margin of 68.8%.

Meanwhile, revenue for nhan dinh keo nha cai world’s now-6th largest carrier came in at TWD 170.8 bn, a 90% increase year-on-year and 9% higher quarter-on-quarter.
nhan dinh keo nha cai Taiwanese lines, which have a smaller proportion of contract business than some of their European counterparts, nevertheless benefited from higher freight rates, port congestion and a pre-Chinese New Year cargo rush.
Yang Ming, which logged nhan dinh keo nha cai highest operating margin nhan dinh keo nha cai previous quarter, saw a slowdown in growth, with revenues and profits increasing only 4% from Q4. nhan dinh keo nha cai carrier posted operating profits of TWD 72.6 bn (USD 2.4bn) on revenues of TWD 106.7 bn.
Wan Hai Lines meanwhile logged operating profits of TWD 48.9 bn (USD 1.6 bn) on revenues of TWD 80.5 bn. As with nhan dinh keo nha cai other lines, nhan dinh keo nha cai numbers marked a new record for nhan dinh keo nha cai carrier, which is increasingly expanding outside its intra-Asia specialism.