The Taiwanese liners and OOIL have reported their top line results for 1Q 2024
between 10 April and 12 April (last week), being the first batch of operating
updates from container liners for the period. The revenue for 1Q 2024 rebounded
between 11% and 34% QoQ as expected but the rebound tracked below the CCFI’s 51%
jump QoQ. Nevertheless, the top line rebound should move the liners’ EBIT margin
to mid teen in 1Q.
YMM being the liners with higher long haul spot exposure has delivered the
higher