Wan Hai

Companies

WHL and YMM Aug Revenue Add Confirmation To Industry Wide Downcycle

WHL and YMM also reported their August revenue last week, after EMC. WHL's August revenue fell 20% YoY, 12% MoM and 40% from its peak in Jan 2022. YMM's August revenue also fell both YoY and MoM. If the same MoM pace continues for Sep, the three Taiwanese liners will likely report 9% M0M lower top line and hence 7% QoQ lower top line for for 3Q 2022. Liner industry reported about 58% EBIT margin and 50% net profit margin during 2Q 2022. So on the ballpark, every 1% drop in top line would mean

Services

Wan Hai started another FE-WCCA service

Wanhai is launching Asia - South America III Service (AS3), another FE-WCCA service, connecting Shekou, Hong Kong, Ensenada, Manzanillo (Mexico), Shekou in 42 days

Companies

Taiwanese carriers maintain top line revenue in May

Taiwanese liners' May top line came out flat MoM, again reassuring that impacts during the Shanghai lockdown were minimal for the liners.

Companies

Taiwanese Liners Reported Another QoQ Top Line Growth

The 3 main Taiwanese carriers have reported an 8% QoQ growth in revenue for the 1st quarter of 2022. It is their 7th consecutive quarterly growth, built on higher freight rates and stronger USD.

Services

Wan Hai launches new China-Vietnam-India service

Wan Hai has launched a new South China-Vietnam- Eastern India service (CI7) that will connect Haiphong, Zhanjiang, Nansha, Ho Chi Minh City, Port Klang, Chennai, Visakhapatnam, Port Klang, Haiphong using 4 ships of 1,400-1,700 teu. The service will start at Haiphong on 26 March 2022 with the 1,440 teu CAPE FARO.

Services

Wan Hai/IAL launch new South China-Vietnam-Malaysia

Wan Hai and Interasia Lines (IAL) have launched a new South China-Vietnam-Malaysia (CVM) service. The new service kicked off on 23 December 2021 at Haiphong with the 1,134 teu ASIATIC BAY. The service will call Haiphong, Zhanjiang, Nansha, Port Klang, Haiphong on a 14 day rotation. It will only deploy a single ship initially and call on a fortnightly frequency, with a second ship expected to be added at a later date. Port rotation of the new CVM service operated by Wan Hai and IAL

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