Wan Hai will return to the Asia-Med trade with the launch of the new Far East-Mediterranean 1 (FM1) service calling at Shanghai, Ningbo, Nansha, Shekou, Port Klang, Jeddah, Aqaba, Sokhna, Alexandria, Izmit, Ambarli, Shanghai from 12 September 2025. The FM1 service will turn in 10 weeks using ships of 4,300 teu to 5,000 teu starting with the 4,680 teu WAN HAI 513 at Shanghai on 12 September. The service features an extension of Wan Hai's Asia-Red Sea 2 (AR2) extra loader service that was launched
Taiwanese liners' July monthly revenue in aggregate was up by 10% month on month against CCFI's 2% monthly on month rise. The revenue is still down by 32% year on year. As read through to the entire industry, the two consecutive months of sequential growth in revenue give may have giving the liners a chance to see sequential growth in earnings, which is also what ONE has guided in its recent results report. ONE is guiding $362mn as EBIT for calendar period 3Q 2025 against $38mn in 2Q 2025 and $
Taiwan-listed container liners reported a 14% month-over-month rebound in June revenue, outpacing the average China Containerized Freight Index (CCFI) rebound of 15% month over month. Analysts may have anticipated the liners' revenue to outperform the CCFI, given the clear evidence of a volume pickup during June. For the second quarter of 2025, revenue declined by 10% quarter over quarter, missing the typical seasonal uptick. This underperformance is attributed to the negative impact of the Tru
Wan Hai will launch a new India-East Med 2 (IM2) service connecting Mundra, Jeddah, Alexandria, Mersin, Jeddah, Mundra from 1 June 2025 through a partnership with Emirates Shipping Lines (ESL) on the latter carrier's existing India-East Mediterranean Express (IEX) service. The service will turn in 4 weeks and will deploy 2 ships of 2,500 teu on a fortnightly frequency. Wan Hai will deploy the 2,646 teu WAN HAI 311 at Mundra on 1 June 2025 and ESL will deploy the 2,496 teu AN HAI at Mundra on 15
Bengal Tiger Line, Evergreen, Regional Container Line and Wan Hai Line will team up to launch a new Vietnam-Thailand-East Coast India service calling at Ho Chi Minh City, Laem Chabang, Singapore, Port Klang Northport, Chennai, Visakhapatnam, Port Klang, Singapore, Ho Chi Minh City. The service will turn in 4 weeks using 4 ships of 2,400 to 2,800 teu starting with the 2,646 teu WAN HAI 317 at Ho Chi Minh City on 20 April 2025, followed by the 2,742 teu WHUTTHI BHUM, 2,870 teu EVER BRAVE and 2,46
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.
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.
ONE and Wan Hai will exchange slots on 2 Far East-US West Coast services that each carrier operates from 1 February 2025. ONE will provide to Wan Hai 1,700 teu per week on the PS6 service that it operates under the Premier Alliance agreement. Wan Hai's slots will cover only Shanghai, Ningbo, Long Beach, Oakland, Shanghai and will exclude the other ports of the full PS6 rotation that calls at Busan, Kwangyang, Incheon, Shanghai, Ningbo, Kwangyang, Busan, Long Beach, Oakland, Busan. Wan Hai wil
Market Pulse Week 48: Zim reported net profits of $1.13 Bn and EBIT of $1.24 Bn for the 3rd quarter of 2024, concluding the reporting season for the publicly listed carriers. Zim’s EBIT margin of 44.7% puts it in 4th place behind EMC, HMM and Yang Ming but Zim delivered the highest annualized RoE of 115% in Q3 2024 - twice that of the second-best performer EMC and more than 4 times more than the industry average ROE of 25%. Market Pulse Week 47: Asian carriers have outperformed their European p
The aggregate revenue of the three Taiwanese liners are back to level just 6% below the monthly revenue recorded for June, when their revenue started to take off. The 10% MoM drop is less than the CCFI's 20% MoM fall.