Taiwanese liners’ August revenue in NTD moved up 6% MoM, but revenue in USD
moved up less at 4% MoM. In either currency, the rebound is better than CCFI on
likely sequential volume growth.
Since hitting the bottom in February, these liners’ monthly revenue has
rebounded between 3%-27% with EMC leading due to its ongoing consolidation of
the unlisted ship owning entities highlighted by the acquisition of the
privately owned Evergreen Marine (Singapore) (EMS) for $780m on 19 June 2023, in
a landm