Monthly revenue for Taiwanese liners went up 20% or $278mn MoM in aggregate in
January 2024 as the rally in freight rates started to show. To put the increase
in revenue in context, these three liners together made $201mn EBIT during 3Q
2023. Their 4Q earnings are not out yet but their 4Q revenue were down about
$202mn QoQ comparing to 3Q 2023.
Meanwhile, CCFI composite index went up 36% MoM in January and 22% MTD 9 Feb.
Further upside to the liners revenue likely to come in February. Liners' r