Total 229 Posts
May revenue figures for Yang Ming and Wan Hai have also been released, and both operators have performed much better on a sequential basis than Evergreen. As a result, the combined May revenue of the three liner companies declined by just 3% month on month—an improvement over Evergreen’s 8% monthly drop.
Maersk and Hapag-Lloyd remain at the bottom of the carriers’ EBIT margin league table for the 5th consecutive quarter with their operating performance continuing to lag behind all of their main rivals. The 2 Gemini Cooperation partners’ heavy reliance on contract cargo and relatively low exposure on the Transpacific market, coupled with their high operating cost base have continued to weigh down on their financial performance.
Vasi Shipping has initiated bankruptcy proceedings on 10 April 2025 with outstanding debt of $19m owed to creditors. The company was established in Singapore in January 2012 and operated primarily in the Southeast Asia, Bay of Bengal, India subcontinent, Red Sea and Middle East Gulf routes. Vasi has ceased to operate any ships since early March 2025. It operated 3 owned ships previously - the 1,743 teu VASI SUN (built 1990, acquired in Nov 2015 and scrapped in Dec 2018), the 1,730 teu VASI STAR
MSC will leapfrog its rivals to become the largest global container port operator with the addition of Hutchison Port’s portfolio of terminals outside of China comprising of 39 terminals in 21 countries with consolidated container handling volumes of 51m TEU in 2024. MSC’s terminal operating arm, TIL, together with consortium partners BlackRock and Global Infrastructure Partners announced on 4 March 2025 an agreement to acquire 80% of Hutchison’s port interests at a total enterprise value of $2
MSC will have better market coverage and a larger market share compared to the Gemini Cooperation despite operating as the sole independent carrier on the East-West trades following the alliance reshuffle in February 2025. MSC will be able to offer the same or a larger number of weekly sailings on all of the 4 main routes than Maersk and Hapag-Lloyd, using its self-operated services as well as selective partnerships with Premier Alliance on the North Europe and Med routes and with Zim on the US
Taiwanese shipping lines saw a reversal in their monthly revenue, rising 6% month-on-month in January after six consecutive months of decline. Freight rates appear to have improved sequentially, as the CCFI overall index increased by 1% over the same period. However, the bulk of the revenue growth likely stemmed from volume, with preliminary port throughput data indicating a robust uptick in January.
Maersk reported a 59% increase in full-year profits in 2024 but continues to lag behind industry peers in financial returns, EBIT margin, and volume growth. Although Maersk recorded its third-best annual performance in company history, its financial returns (based on annualized RoE and RoA) slipped ranked to seventh since 2002, hindered by excessive cash reserves and underperformance in its logistics business segment. Maersk is sitting on net cash of $7.6bn as at end of 2024, equivalent to abou
Wallenius SOL has added a new North Sea LoLo service connecting Rotterdam, Antwerp, Kokkola, Oulu, Tornio, Pitea, Rotterdam on a fortnightly frequency using the newly chartered 857 teu PEYTON LYNN C. The service started on 4 January 2025 at Antwerp. The new service will add to Wallenius SOL's current roro services on the North Sea Line Roro/Travemunde Line services that connects Zeebrugge, Antwerp, Kokkola, Skelleftea, Oulu, Kemi, Pietarsaari, Travemunde, Zeebrugge using 2 roro ships on a 14 da
ONE reported calendar 4Q 2024 (fiscal 3Q) revenue fell by 17%, while EBIT decreased by 44% quarter-over-quarter. The results were in line with COSCO’s preliminary profit guidance issued earlier on 10 January, with COSCO expecting larger QoQ falls than ONE. Hapag-Lloyd also reported its preliminary full-year and 4Q 2024 results that came in at the upper end of the earnings guidance provided in its last quarterly update. Hapag-Lloyd’s higher contract exposure in 2024 contributed to more stable ea
OOIL's fourth-quarter report and the December revenue reports from Taiwanese liners indicate that many liners could experience a quarter-over-quarter revenue drop of between 18% and 25%, potentially resulting in earnings declines of up to 50%. COSCO’s full year profit alert shows a 50% qoq drop in earnings in the 4th quarter.