The best yard stick, in our view, measuring management performance is the financial return generate over time. And the most direct financial return for shareholders is the dividend pay-out relative to a company's market value. Liners have been swimming in cash on extraordinary earnings since 2021. Reasonably, they also distributed dividend generously. Between 2021 and July 2022 end, a total of $38bn* of dividend paid while another $14bn have been committed to be paid in 2022 by the 16 shipping
MSC is pulling further ahead from Maersk. CMA CGM and Evergreen also gaining market share.
SITC launched new service, E-Commerce Express 1 service (EPX1), that covers port rotation Xiamen-Manila-Xiamen with one ship PHUC THAI (698 teu).
Jin Jiang Shipping (JJS) and SITC will launch a new service connecting Shanghai, Nansha, Bangkok, Laem Chabang, Ho Chi Minh City, Shanghai using 3 ships of 1,600 teu. The service will start on 1 Jun from Shanghai with the 1,608 teu HE JIN from Jin Jiang Shipping and is branded as the China Thailand Express 2 (CTX2) by JJS and Vietnam Thailand Express 5 (VTX5) by SITC.
SITC reported top line after Taiwanese and OOCL. SITC confirmed an industry pattern for 22Q1 that revenue was up sequentially driven by higher freight rates despite of weaker volume.
SITC has received the first of 21 new containerships due to be delivered to the intra-Asia specialist. The 2,433 teu SITC DECHENG was delivered at Yangzijiang Shipbuilding on 12 January 2022. The SITC DECHENG will join the China Philippines CPX6 serviceThe ship is the first of a series of 4 ships due for delivery in the first half of 2022. In addition to these ships, SITC will receive 10 ships of 1,800 teu and 5 ships of 2,600 teu from Yangzijiang this year, and 2 ships of 1,023 teu from Daesun