The listed Taiwanese liners have all reported their Dec 2022 revenues, which are
the first actual figures of the FY2022 and 22Q4 results among all liners. In
short, these liners revenue dropped 39% QoQ and 44% YoY.
In 3Q22, the listed Taiwanese liners together have delivered $11bn in revenue
and $5.9bn in net profit. The $4.3bn or 39% QoQ fall in revenue during 4Q22 will
likely reduce these liner's net profit by nearly 60% QoQ, in our estimates
assuming 20% lower fuel expenses and 60% lower ta