Ocean Carrier

Yang Ming blames economic uncertainty for $4M Q2 loss

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Yang Ming Marine Transport Corp. on Friday reported a second-quarter after-tax net loss of $4.27...

https://www.freightwaves.com/news/yang-ming-blames-economic-uncertainty-for-4m-q2-loss

‘Very noticeable impact’ from down market $6B whammy to Hapag-Lloyd’s profits

The first paragraph of Hapag-Lloyd’s news release Thursday on the German ocean carrier’s performance in the first half of 2023 ticked off earnings before interest, taxes, depreciation and amortization of $3.8 billion, earnings before interest and taxes of $2.8 billion and group profit of $3.1 billion.

“As expected, these results are significantly below the prior-year level,” it said. 

Just how far below the results of the first six months of 2022 is not apparent until a chart at the bottom of the...

https://www.freightwaves.com/news/very-noticeable-impact-from-down-market-6b-whammy-to-hapag-lloyds-profits

The Container Company Textainer’s Shares Are Rising

Credit: Jim Allen/FreightWaves

Shares of the container company Textainer are continuing to rise, according to a news source from Yahoo Finance.

The big surprise for shipping stocks

The big surprise for shipping stocks has been the outperformance of certain container industry names despite the post-boom plunge in volumes and freight rates. Container-equipment lessor Textainer (NYSE: TGH) is a case in point.

Textainer’s stock just hit its highest price since the company went public in 2007. Its...

https://mfame.guru/the-container-company-textainers-shares-are-rising/

Ocean Carriers Plan To Cut Their Sailings From Asia Amid Weak Demand

Credit: Andy Li/ unsplash
  • Ocean carriers are preparing to blank around half their advertised sailings from Asia.
  • It is against a background of extremely weak demand forecasts.
  • Sailings will be shifted from Asia to North Europe and the US after Chinese New Year on 22 January.

High inventory levels in Europe and the US, coupled with uncertainty surrounding future consumer demand, has seen orders canceled or postponed, resulting in Chinese factories preparing to shut down well ahead of the CNY...

https://mfame.guru/ocean-carriers-plan-to-cut-their-sailings-from-asia-amid-weak-demand/

Yang Ming: Revenue up nearly 50% — end of story

Yang Ming Marine Transport Corp. released a brief financial statement Thursday in which it announced net profit for the first six months of 2022 totaled $4.04 billion. 

Yang Ming does not typically share wordy earnings reports, but Thursday’s news release was even briefer than usual — only one paragraph long, about 150 words and numbers. 

The Taiwanese ocean carrier said Q2 consolidated revenue, converted to U.S. dollars, totaled $3.8 billion. It said that represented a 49.4% improvement from the...

https://www.freightwaves.com/news/yang-ming

HMM cautious in short term despite Q2 profit long jump

HMM reported Wednesday its operating profit shot up by 153% year over year, but the South Korean ocean carrier isn’t counting on revenue figures to be quite as impressive in the second half of 2022.

Seoul-headquartered HMM said the operating profit for the first half of 2022 was KRW 6.08 trillion ($4.68 billion), up from KRW 2.4 trillion ($1.8 billion) in the first six months of 2021. 

First-half revenue leapt by 87% year over year from KRW 5.33 trillion ($4.1 billion) to KRW 9.95 trillion ($7.66...

https://www.freightwaves.com/news/hmm-cautious-in-short-term-despite-q2-profit-long-jump

Ocean Carriers Invests Heavily In Container Control System

Ocean carriers are investing heavily in container control systems to maximise their box fleets, says an article published in The Loadstar.

Hapag-Lloyd chief executive on current market conditions 

Chief executive of Hapag-Lloyd, Rolf Habben Jansen said, “Current market conditions had increased container usage time by some 20%, compared with pre-pandemic. In reality, this means you need about 20% more boxes to transport the same amount of goods.”

Different leasing companies express their views

Carrie...

https://mfame.guru/ocean-carriers-invests-heavily-in-container-control-system/

ONE Q2 Profit Increased Substantially

According to a Freight Waves report, Ocean Network Express’ announcement that its quarterly profit “significantly increased” could be the understatement of understatements.

  •  ONE’s third-quarter after-tax profit skyrocketed by something along the lines of 18,800% — from $5 million in 2019 to $944 million in 2020.
  • ONE’s fiscal year runs from April 1 to March 31. The Singapore-headquartered ocean carrier, which launched service in April 2018, has been steadily gaining steam, turning the ship...

https://mfame.guru/one-q2-profit-increased-substantially/

COVID19 Uncertainty Pushing Carriers To Put Fleet Expansion on Hold!

According to a LoadStar article written by Mike Wackett, Ocean carrier fleet expansion is on hold as the liner industry fights for survival amid Covid-19 lockdowns around the world.

Fleet Expansion on Hold

According to BIMCO chief shipping analyst Peter Sand, orders to shipyards have fallen significantly across all shipping sectors and comes on top of an already soft market environment.

“Uncertainty about future environmental regulations, as well as lower demand growth outlook in the coming years...

http://mfame.guru/covid19-uncertainty-pushing-carriers-to-put-fleet-expansion-on-hold/

To Scrubber Or Not To Scrubber – The Question for Carriers

According to Drewry, IMO’s 0.5% sulphur content regulation is set to divide ocean carriers into two distinct low and high scrubber groups, says an article published in The LoadStar.

Low-scrubber group

According to Drewry, the first group is the ‘low-scrubber users’ with an average of just 1% of their ships equipped with the exhaust gas cleaning systems, operating only a handful of vessels, 2% of teu capacity, able continue to burn cheaper 3.5% sulphur content heavy fuel oil (HFO).

This group will...

http://mfame.guru/to-scrubber-or-not-to-scrubber-the-question-for-carriers/