Financials

Financials

Freight Rates Watch

Transpacific spot freight rates have held their ground last week, with recent rate declines halted as the market prepares for a rebound from the extended lockdown in Shanghai.

Companies

De Well plans Hong Kong IPO

De Well, the 10th largest NVOCC on the Transpacific trade has filed for an IPO in Hong Kong on 30 April. The listing timetable and proceeds to be raised were not disclosed, with Citi and CICC acting as joint sponsors. The IPO filing comes 8 months after the company sold a 29.5% stake to Cainiao...

Companies

Liner April Revenue Still Strong

Taiwanese liners' April top line came out as a positive surprise. The spot freight rates, as per SCFI, have fallen 7.5% MoM while Shanghai/Ningbo's combined port throughput was down 10% MoM in April. However, the Taiwanese liners' combined revenue ...

Matson

Matson 22Q1

Matson's 22Q1 operating income (aka operating profit) were up 250% YoY but down about 10%QoQ, first sequential drop since 20Q1. The sequential drop in profit was due to drop in volume, rise in bunker costs and lease expenses.

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