Total 209 Posts
SITC reported top line after Taiwanese and OOCL. SITC confirmed an industry pattern for 22Q1 that revenue was up sequentially driven by higher freight rates despite of weaker volume.
The shareholders agreement between CSAV, with Kühne Maritime and HGV Hamburger Gesellschaft fur Vermogens-und Beteiligungsmanagement (City of Hamburg has been extended from the end of 2024 to the end of December 2026. The agreement was first signed on 17 November 2014 for a term of 10 years, where the 3 parties agreed to retain their controlling shares in Hapag-Lloyd for 10 years (except for HGV who may release 50% of its shares after 5 years) and to pool their voting rights on all decisions re
OOIL's top line come out in line with what we saw in the Taiwanese liners. The big YoY growth should be expected but the sequential growth in revenue should surprise positively.
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.
Cosco's profit margin dropped in P&L but rise in the cashflow during 21Q4. Much of the expenses were booked into payables, leading to extraordinary fall in working capital relative to its peers.
OOCL’s second half net profit came out after market about $1bn (i.e. 20%) below our estimate on much higher than expected operating expenses. Having been a more costs efficient operator for most of the past couple decades, OOCL reported much higher unit costs than the industry average for 21H2.
RoA may have reached cycle peak in 21Q4 Average Return on Assets (RoA) for the 9 main carriers that have posted their 2021 financial results dropped from 58% in 21Q3 to 54% in 21Q4, the first quarterly drop since 20Q1 as sequential growth in net profit could not keep pace with the balance sheet expansion. The same trend likely continue until 22Q2 when the container liners slim down their balance sheet through dividend distribution. RoA, a compound of net profit margin and asset turnover, measur
Hapag-Lloyd announced on 10 March 2022 that it has signed an agreement to acquire the container shipping business of Deutsche Afrika-Linien (DAL), subject to regulatory approvals. (Updated : Hapag-Lloyd announced on 1 June 2022 that the acquisition has been finalised after securing the approval of anti-trust authorities.) The Hamburg headquartered DAL owns a single 6,589 teu container ship DAL KALAHARI and operates a container fleet of 17,800 owned and leased container which will be taken ov
The beat came mainly from the higher freight rates (+12% QoQ versus ours 7% QoQ) secured by ZIM during the past quarter, which leads to $400m higher top line.
PIL has announced that it will cease to use the Advance Container Line (ACL) brand name from 15 March 2022. ACL was established in 1995 by PIL to provide container feeder services in Southeast Asia and Indian sub-continent. These services were provided in conjunction with various partners including Samudera, HR Lines, GSL, COSCO, OOCL, MTT Shipping, ONE, Evergreen and CNC. Apart from PIL's own feeder cargoes, ACL also provided feeder services to other Main Line Operators (MLOs). All of its e