EVERGREEN

Container Market Weekly Performance: Trends, Gains, and Losses

Container market performance this week reflects the ongoing volatility in global trade, with shipping companies experiencing a mix of gains and losses. While some carriers managed to post positive returns, others struggled with sharp declines, impacted by fluctuating demand, geopolitical factors and external economic pressures. The latest data provides a comprehensive view of how major players navigated these challenges, highlighting key trends and shifts in the industry.


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https://container-news.com/container-market-weekly-performance/

Evergreen’s financial figures skyrocket in 2024

Taiwan’s major shipping company Evergreen Marine Corporation announced improved financial results during 2024.

In particular, the ocean carrier reported revenue of TWD 463.6 billion (US$16.2 billion), translating to an 80% increase compared to the previous year, according to the latest DynaLiners report.

Additionally, Evergreen recorded operating profit of KRW 125.5 billion (US$5.6 billion), translating to a growth of 395%, and net profit of KRW 144 billion (US$5 billion), representing an...

https://container-news.com/evergreens-financial-figures-skyrocket-in-2024/

Shipping Stocks Overview: Weekly Market Highlights

The container shipping sector experienced a mix of steady performances and price fluctuations over the past week, as investors reacted to global trade dynamics, freight rate movements, and broader economic conditions.

While some ocean carriers capitalized on strong demand in specific trade lanes, others faced moderate corrections due to shifting supply chain trends. With geopolitical factors, fuel costs, and cargo volumes playing a crucial role, the sector remains an area of keen investor focus....

https://container-news.com/shipping-stocks-overview-weekly-market-highlights/

CMA CGM poised to overtake Maersk as second-largest liner operator

French shipping company CMA CGM is set to become the second-largest ocean carrier in the world. The Marseille-based shipping line is poised to surpass Maersk, as CMA CGM’s total TEU capacity, including its existing fleet and orderbook, now exceeds that of its Danish rival.

According to Alphaliner, the gap between the two companies is currently around 660,000 TEUs. However, Rodolphe Saadé’s aggressive vessel acquisition strategy in 2024 has boosted CMA CGM’s orderbook to 1.54 million TEUs, which...

https://container-news.com/cma-cgm-poised-to-overtake-maersk-as-second-largest-liner-operator/

Monthly Stock Performance Highlights

Monthly stock performance in the maritime industry has shown significant fluctuations over the past month, reflecting the shifting dynamics of global trade, freight demand, and investor sentiment. Market volatility continues to influence stock performance, with some companies benefiting from rising freight rates, while others face external challenges like supply chain disruptions and economic uncertainties.

Strong performers have taken advantage of favorable market conditions, while others have...

https://container-news.com/monthly-stock-performance-highlights-container-shipping/

Shipping Stock Market: Weekly Update

The container shipping sector continues to navigate a dynamic landscape shaped by shifting freight rates, global economic conditions, and supply chain developments. Investor sentiment remains mixed as companies balance operational efficiency with market volatility. While some firms benefit from stable long-term charters, others face pressure from fluctuating spot rates and macroeconomic uncertainties. The ongoing adjustments in capacity management, fuel costs, and geopolitical factors further...

https://container-news.com/shipping-stock-market-weekly-update/

Evergreen apuesta fuerte y hace millonaria inversión en megaportacontenedores

El sector del transporte marítimo continúa su imparable expansión con nuevas adquisiciones de buques de gran capacidad. En esta ocasión, la naviera taiwanesa Evergreen ha confirmado una ambiciosa inversión de entre 2.910 y 3.250 millones de dólares en la construcción de once megabuques de 24.000...

https://fullavantenews.com/evergreen-apuesta-fuerte-y-hace-millonaria-inversion-en-megaportacontenedores/?lang=es

Weekly Update: Container Shipping Stock Highlights

The container shipping market saw a dynamic week, marked by notable fluctuations in stock performance among key players. Factors such as tariffs, political tensions, geopolitical conflicts, and disruptions in global trade distribution have significantly affected the industry.

Below are the weekly stock highlights of the container shipping sector:

SITC International Holdings Co Ltd (1308)

SITC International Holdings exhibited mild fluctuations, starting at HKD 18.52 and peaking mid-week at HKD...

https://container-news.com/weekly-update-container-shipping-stock-highlights/

Evergreen splits US$3 billion vessel order between South Korea and China

Taiwanese container shipping company Evergreen has placed a major order for 11 LNG dual-fuel container vessels, each with a capacity of 24,000 TEUs.

Evergreen has split its order between South Korea’s Hanwha Ocean (six vessels) and China’s CSSC Guangzhou Shipyard International (five vessels).

According to Dynamar, the deal is worth between US$2.9 billion and US$3.2 billion.

The consultancy described the switch to LNG as “a significant change of plan,” as Evergreen’s previously ordered vessels...

https://container-news.com/evergreen-splits-vessel-order-between-south-korea-and-china/

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