xem truc tiep bong da keo nha caiNews Highlights week: 46 - 2023

Most sizes, apart from units of 5,000 teu and over, as well as vessels of 1,500-1,900 teu continue to see faltering charter rates.
For xem truc tiep bong da keo nha cai first time in three years, xem truc tiep bong da keo nha cai Alphaliner Charter Index (ACI) has fallen below 100 points, reflecting xem truc tiep bong da keo nha cai continued downward trend impacting rates.

And prospects for container tonnage demand are not bright for xem truc tiep bong da keo nha cai short term with spot cargo rates again falling significantly on many routes after a four week-rally, and carriers increasingly operating at a loss.

On xem truc tiep bong da keo nha cai supply front, xem truc tiep bong da keo nha cai news remains grim with close to half a million teu of newbuilding tonnage delivered since early September and a lot more due to hit xem truc tiep bong da keo nha cai market in xem truc tiep bong da keo nha cai coming weeks and months.

On a broader macro environment, inflationary pressures around xem truc tiep bong da keo nha cai world, although easing in a number of countries continue to cap demand for goods, while xem truc tiep bong da keo nha cai wars in Ukraine and in xem truc tiep bong da keo nha cai Near East are impacting business confidence.

xem truc tiep bong da keo nha cai only piece of good news for carriers is xem truc tiep bong da keo nha cai continued fall in oil prices, due to xem truc tiep bong da keo nha cai numerous uncertainties facing xem truc tiep bong da keo nha cai world economy.
Another development that needs monitoring are xem truc tiep bong da keo nha cai serious water level problems at xem truc tiep bong da keo nha cai Panama Canal.

With only 18 vessels allowed to transit per day by February as announced, versus xem truc tiep bong da keo nha cai usual 40, it remains to be seen what impact this measure will actually have on container shipping in terms of possible delays or deviation

Third quarter financial results of several major shipping lines

Net profits for CMA CGM tumbled to just USD 388 M in xem truc tiep bong da keo nha cai third quarter, underlining xem truc tiep bong da keo nha cai rapidity of xem truc tiep bong da keo nha cai collapse in container markets. xem truc tiep bong da keo nha cai result represented less than one-third of its profits three months earlier, and a 95% decline on 2022.

Results were a mixed bag for xem truc tiep bong da keo nha cai French group: average rates in xem truc tiep bong da keo nha cai quarter were USD 1,322 per teu, a decline of 52% year-on-year, which was at xem truc tiep bong da keo nha cai better end of xem truc tiep bong da keo nha cai range shown by xem truc tiep bong da keo nha cai main carriers - see left.

However, in contrast to several competitors, xem truc tiep bong da keo nha cai French group did not pick up more volumes, recording liftings of 5.72 Mteu in Q3, a rise of less than 1% on a year earlier.

German carrier Hapag-Lloyd reported a USD 293 M net profit for xem truc tiep bong da keo nha cai latest quarter, but raised xem truc tiep bong da keo nha cai possibility of operating losses in xem truc tiep bong da keo nha cai fourth quarter by setting a new, narrower full-year forecast.

Q3 revenues were down 58% on xem truc tiep bong da keo nha cai year at USD 4.5bn, while operating profit (EBIT) dropped to USD 228 M. This brought EBIT for xem truc tiep bong da keo nha cai full nine months of xem truc tiep bong da keo nha cai year to USD 3.0 bn

South Korean carrier HMM scraped through with a KRW 95 bn (USD 71.8 M) net profit for xem truc tiep bong da keo nha cai third quarter, indicating likely losses to come, at a time when xem truc tiep bong da keo nha cai company is undergoing a partial privatisation - see box left.

Container revenue fell 63% to KRW 1.74 bn in xem truc tiep bong da keo nha cai period. However operating profits (EBIT) on container activities plummeted 99% to KRW 21 bn (USD 15.8 M), bringing xem truc tiep bong da keo nha cai results for xem truc tiep bong da keo nha cai full nine months to KRW 384 bn (USD 289 M).

Taiwan’s Yang Ming reported a positive net profit of TWD 2.8 bn (USD 86.5 M) for xem truc tiep bong da keo nha cai third quarter, reversing xem truc tiep bong da keo nha cai deficit seen in Q2.
xem truc tiep bong da keo nha cai result was a 95% decline on a year ago, while revenues fell 64% to TWD 35.9 bn.

However, xem truc tiep bong da keo nha cai carrier fell into xem truc tiep bong da keo nha cai red at xem truc tiep bong da keo nha cai operating level in xem truc tiep bong da keo nha cai quarter, posting a net operating loss of –TWD 1.4 bn. It is xem truc tiep bong da keo nha cai Taiwanese line’s first operating deficit since Q4 2019.

Taiwan’s largest carrier Evergreen Marine (EMC) logged an operating profit of TWD 8.8 bn (USD 272.9 M) for xem truc tiep bong da keo nha cai third quarter, a drop of 92% on a year earlier.

xem truc tiep bong da keo nha cai world’s seventh largest line generated revenue of TWD 72.8 bn in xem truc tiep bong da keo nha cai period, representing a decline of 57% yer-on-year. However, revenues were up 8% on a quarter-on-quarter basis.

MKT team