Taiwanese shipping lines saw a reversal in their monthly revenue, rising 6% month-on-month in January after six consecutive months of decline. Freight rates appear to have improved sequentially, as the CCFI overall index increased by 1% over the same period. However, the bulk of the revenue growth likely stemmed from volume, with preliminary port throughput data indicating a robust uptick in January.
Interasia Lines (IAL), TS Lines (TSL) and Yang Ming (YM) will launch a new Japan-Taiwan-South China-Vietnam service calling at Osaka, Kobe, Keelung, Kaohsiung, Nansha, Shekou, Haiphong, Hong Kong, Shekou, Osaka from 17 March 2025. The service will be branded as the Japan-Haiphong Service (JHS) by IAL, Japan-Taiwan-Hong Kong 3 (JTK3) by TSL and Japan Kansai Express (JKX) by Yang Ming, turning in 3 weeks using the 1,708 teu INTERASIA FORWARD, 1,909 teu TS GUANGZHOU and 1,803 teu YM INAUGURATION.
ONE, Evergreen and Yang Ming have launched a new jointly operated Aegean Express (AEX) / Europe Mediterranean Sea (EUM) / North Europe-Aegean Express (NEA) service connecting Southampton, Antwerp, Rotterdam, Piraeus, Ambarli, Gebze, Gemlik, Aliaga, Piraeus, Southampton from 14 January 2025. The Southampton call will replace London Gateway that will only be served on 2 trips on 14 January and 9 February. The service will turn in 4 weeks and will deploy 4 ships of 2,500 to 2,900 teu with ONE oper
ONE and Yang Ming have launched a new jointly operated Levant Express (LEX) /North Europe-Levant Express (NEL) service connecting London Gateway, Rotterdam, Hamburg, Antwerp, El Dekheila, Damietta, Haifa, Mersin, London Gateway from 16 January 2025. The LEX/NEL service will turn in 4 weeks using 4 ships of 2,700 teu to 5,000 teu starting with the 2,741 teu LORRAINE at London Gateway on 16 January 2025. ONE will provide 3 ships while Yang Ming will operate one ship on the service. The call at Lo
OOIL's fourth-quarter report and the December revenue reports from Taiwanese liners indicate that many liners could experience a quarter-over-quarter revenue drop of between 18% and 25%, potentially resulting in earnings declines of up to 50%. COSCO’s full year profit alert shows a 50% qoq drop in earnings in the 4th quarter.
HMM, ONE and Yang Ming will launch a new India subcontinent-North Europe service connecting Karachi, Hazira, Mundra, Nhava Sheva, Colombo, London Gateway, Rotterdam, Hamburg, Antwerp, Karachi from 5 February 2025. The service will be branded as the India North Europe Express (INX) by HMM, Indian Ocean Express (IOX) by ONE and India Ocean Express Service (ISE) by Yang Ming. It will turn in 11 weeks using 11 ships of 6,000 to 7,000 teu. Port rotation of the new INX/IOX/ISE service
OOCL and Yang Ming will jointly launch a new China-Laem Chabang (CHL2)/China-Thailand Express (CTE) service connecting Shanghai, Ningbo, Xiamen, Nansha, Laem Chabang, Shekou, Shanghai from 10 January 2025. The CHL2/CTE will turn in 3 weeks and will deploy 3 ships of 2,700 teu with OOCL's 2,782 teu DEAR PANEL and SYMEON P, both chartered from Euroseas who will join the service at Shanghai on 10 January and 24 January respectively upon delivery from the Hyundai Mipo shipyard while Yang Ming will
Taiwanese carriers reported lower revenues in November with a 11% month-over-month decline. Wan Hai registered a relatively smaller sequential drop of -3% which was in line with the CCFI’s fall while Yang Ming fell by 8% and EMC dropped by 13%. SEAFI cover Freight Rates for Shanghai to ASEAN Based Ports. Source: SSE
Market Pulse Week 48: Zim reported net profits of $1.13 Bn and EBIT of $1.24 Bn for the 3rd quarter of 2024, concluding the reporting season for the publicly listed carriers. Zim’s EBIT margin of 44.7% puts it in 4th place behind EMC, HMM and Yang Ming but Zim delivered the highest annualized RoE of 115% in Q3 2024 - twice that of the second-best performer EMC and more than 4 times more than the industry average ROE of 25%. Market Pulse Week 47: Asian carriers have outperformed their European p
The aggregate revenue of the three Taiwanese liners are back to level just 6% below the monthly revenue recorded for June, when their revenue started to take off. The 10% MoM drop is less than the CCFI's 20% MoM fall.