Hapag-Lloyd will join Wan Hai as a vessel operator on the new FE-US East Coast 'AA7' service that will replace the existing service that was operated solely by Wan Hai starting from 26 April 2023. The new AA7 service will deploy 12 ships of 4,500 to 13,500 teu, with 4 ships from Hapag-Lloyd and 8 ships from Wan Hai. The smaller ships of 4,500 to 6,500 teu that Wan Hai currently operates will be gradually replaced over 2023 with larger ships of 7,500 to 13,500 teu including the new Wan Hai A-cl
Taiwanese liners’ March revenue (in USD) rebounded 14% MoM versus CCFI’s continue decline. YoY comparison is still negative by 66%. The sequentially rebound is likely volume driven, a normal seasonal pattern from Feb to Mar.
Wan Hai provided head line numbers for FY2022 after market close today (13 March). The 4Q net earnings fell into red as per our computation
Yang Ming and Wan Hai have also reported their February revenue after Friday (10 March) close, following Evergreen's report a day before. The trend is similar to that of Evergreen's e.g. being down 22% MoM and 69% YoY. The 22% February drop is larger than CCFI's 8% MoM drop in February, with volumes falling sharply during the month.
Wan Hai will start a new China West India Service VIII (CI8) connecting Nansha, Haiphong, Ho Chi Minh City, Surabaya, Singapore, Port Klang Northport, Colombo, Mundra, Nhava Sheva, Port Klang Northport, Ho Chi Minh City, Danang, Haiphong, Qinzhou, Nansha in February 2023. The service will start from 26 Feb 2023 with the 3,013 teu WAN HAI 353 at Nansha. The services is expected to turn in 6 weeks and will initially operate on an irregular schedule.
Taiwanese liners' January revenue continued its slide. In aggregate these 3 listed liners' revenue at about $1.6bn in January was down 14% MoM and 65% YoY. The 14% sequential fall in January was similar to the pace of fall in December. This year's Lunar New Year public holidays went from 21 to 27 January in China. Many factories in China closed ahead of the official public holidays and resumed production later than the official holiday end, which may have negatively impact container shipment v
The listed Taiwanese liners have all reported their Dec 2022 revenues, which are the first actual figures of the FY2022 and 22Q4 results among all liners. In short, these liners revenue dropped 39% QoQ and 44% YoY. In 3Q22, the listed Taiwanese liners together have delivered $11bn in revenue and $5.9bn in net profit. The $4.3bn or 39% QoQ fall in revenue during 4Q22 will likely reduce these liner's net profit by nearly 60% QoQ, in our estimates assuming 20% lower fuel expenses and 60% lower ta
Wan Hai has revised the rotation of its Asia America IV (AA5) transpacific service with the call at Taipei dropped while a new call at Seattle is added. The revised rotation started from November 2022 and calls at Qingdao, Shanghai, Ningbo, Long Beach, Seattle, Qingdao. The service will turn in 6 weeks but it being downgraded with just 2 ships of 3,013 teu deployed in January and February 2023, with 4 blanked sailings on each 6 week cycle.
Wan Hai's Asia America 9 (AA9)/Asia America Service IX connecting Far East-US East Coast has been streamlined into a eastbound round-the-world rotation with a new call at Philadelphia added since 18 August 2022 as well as new calls at Balboa and Shanghai added since October 2022. The AA9 rotation calls at Haiphong, Shekou, Kaohsiung, Shanghai, Qingdao, Balboa, Charleston, Philadelphia, New York, Suez (Canal), Haiphong. The revised service avoids the persistent congestion at Norfolk and Sava
The Middle East Gulf-China service that is jointly operated by a consortium of 6 carriers (PIL/CUL/ESL/KMTC/RCL/Wan Hai) will be upgraded from 9 January 2023 with new calls at Hamad and Singapore (westbound). The revised rotation will call at Shanghai, Ningbo, Nansha, Shekou, Singapore, Jebel Ali, Dammam, Hamad, Singapore, Shanghai. The service was first launched in November 2021 and is branded respectively as the Gulf China Service (GCS) by PIL and KMTC, Asia Gulf Express (AGX) by CUL, Gulf Ch