keo nha cai hom nayNews Highlights week: 29 - 2023

In its preliminary operational update before reporting full financial earnings, keo nha cai hom nay line unveiled quarterly revenues of USD 1.98 bn for keo nha cai hom nay period, down from USD 5.28 bn a year earlier. Liftings were higher at 1.86 Mteu (versus 1.84 Mteu in 2022) but average rates per teu plummeted to USD 1,063, down from USD 2,874 a year ago. Not sur- prisingly, keo nha cai hom nay greatest revenue losses year-on-year were felt on keo nha cai hom nay Transpacific and Asia-Europe routes.
It was a slightly different picture on a quarter-on-quarter basis, how- ever. keo nha cai hom nay carrier enjoyed something of a surge in volumes, with liftings rising 7% compared to keo nha cai hom nay first three months of 2023. However, average rates fell 15% on keo nha cai hom nay same basis.

Revenues on keo nha cai hom nay Transpacific were unchanged in keo nha cai hom nay second quarter versus keo nha cai hom nay first, as higher volumes offset lower rates - see table left. However, Transatlantic revenues fell 25% quarter-on-quarter, and Oceania and Asia/Europe were down 10% and 9% respectively.
Parent company COSCO last week announced higher operating prof its for Q2 than Q1 in its preliminary indications. Both carriers will an- nounce detailed financial results next month.
ZIM reverses profit guidance, predicts loss for 2023
Israeli carrier ZIM downgraded profit forecasts for 2023 and said it now expected to make a loss for keo nha cai hom nay year following signs of ‘muted’ demand over keo nha cai hom nay rest of keo nha cai hom nay year.
ZIM, currently keo nha cai hom nay 10th ranked carrier, said annual operating losses were expected to come in at between –USD 100 M and –USD 500 M for keo nha cai hom nay year.
This contrasts with keo nha cai hom nay company’s earlier guidance in March of a small profit between USD 100-500 M. EBITDA meanwhile is expected to drop to USD 1,200-1,600 M from earlier predictions of USD 1,800-2,200 M. ZIM said it no longer anticipated an improvement in freight rates in keo nha cai hom nay second half of 2023.

Average rates per teu fell to USD 1,390 for ZIM in keo nha cai hom nay first three months of keo nha cai hom nay year, a 64% drop on a year earlier, while liftings limped in at 769,000 teu, keo nha cai hom nay lowest since Q3 2020.
ZIM and Wan Hai Lines became keo nha cai hom nay first carriers to report operating losses in keo nha cai hom nay first quarter of 2023, with ZIM booking a net loss of – USD 58 M and an operating loss of –USD 14 M.