There are still 10 days left, 2022 will be over, and the year-end bonuses of shipping companies have also entered the countdown.
Although the container shipping market has declined sharply, the annual performance of container shipping companies this year will still hit a record. Under such circumstances, Taiwanese media reported that Yang Ming Shipping may issue a year-end bonus of up to 40 months of salary this year, while Evergreen Shipping, which already paid 40 months of salary bonuses last year, may issue a 60-month salary bonus this year.
Evergreen Shipping dividends may be as high as 60 months
The container shipping industry has made record profits for two consecutive years. Last year, the three major container shipping companies in Taiwan (Evergreen Marine, Yang Ming Marine, and Wanhai Shipping) all issued high year-end bonuses.
In particular, the year-end bonus issued by Evergreen Shipping last year was as high as 40 months' salary, which made others envious. Whether it can continue the ultra-high year-end market this year is also attracting attention.
Recently, it has been reported in the industry that Evergreen Shipping's year-end bonus this year may reach 60 months, and it is expected to become the "year-end king" of the shipping industry.
Evergreen Shipping responded that the global container liner market has undergone major changes and it is too early to talk about year-end bonuses. is expected to be announced at the end of December.
Evergreen Shipping made a profit in the middle of this year and allocated 1.303465685 yuan in employee remuneration and dividends to employees. Based on 2,300 employees, each person can receive an average dividend of 566,700 yuan, which lasts about 10 months.
Therefore, even if Evergreen maintains the year-end bonus for 40 months this year as last year, the year-end bonus received by employees in the past two years will reach 80 months. If the mid-year dividend bonus is added, the employee will receive a full 100-month bonus in the past two years. The chance is very high. This makes many netizens envious, and some even bluntly said, "The employees are happy, but the shareholders are crying."
As the leader of Taiwan’s shipping industry, Evergreen Sea’s operating profits have set a new historical record this year. Despite a 60% drop in freight rates in the third quarter, Evergreen Shipping's single-quarter profit remained at NT$100 billion.
’s cumulative after-tax net profit in the first three quarters was NT$304.35 billion (approximately RMB 69.648 billion), an annual increase of 92.28%, exceeding last year’s full-year profit of NT$239 billion.
The latest financial report shows that Evergreen Shipping's cumulative operating income in the first 11 months of this year reached NT$597.998 billion (approximately US$20.115 billion), a year-on-year increase of 36.79%, which is 22.19% higher than the NT$489.397 billion in 2021.
The shipping industry believes that Evergreen issued a 40-month year-end bonus last year. Based on this year's better profit performance than last year, the year-end bonus will not be worse than last year. "60 months is not impossible, the probability is very high." Based on the monthly salary of Evergreen Marine's grassroots teachers of NT$50,000 to NT$60,000, "this package" at the end of the year will be NT$3 million directly pocketed, which is enviable to all walks of life.
Yang Ming Shipping’s dividend may reach 40 months’ salary
Although Yang Ming Shipping, one of Taiwan’s top three container companies, can only pay for 12 months at the end of the year, also paid 32 months under various names last year. This year, it is reported that it is expected to receive 40 months..
Taiwanese media said that Yang Ming's net profit after tax in the first three quarters of this year also reached NT$165.858 billion. Although Yang Ming is a government-owned enterprise, the year-end cap can only be paid out for 12 months. However, Yang Ming's dividend provision ratio is 1%, which is better than Evergreen's 0.5% and Wanhai's 0.6%, so the dividend is still considerable.
Yang Ming Shipping Company's articles of association stipulate that 1% of pre-tax profits are listed as employee bonuses. In the first three quarters of this year, pre-tax profits reached 214.72 billion yuan, steadily exceeding last year. Experts estimate that based on a 20% growth, it can be paid for more than 26 months.
Therefore, if Yang Ming employees receive 12 months of year-end bonuses, plus 26 months of dividend bonuses, and a fixed additional month of salary every year, and some employees can also receive 1 month of no-vacation bonus, is expected to receive 40 months of year-end .
According to the latest financial report data, in the first 11 months of 2022, Yang Ming Shipping achieved a cumulative operating income of NT$359.566 billion (approximately US$12.095 billion), a year-on-year increase of 20.11%, which is approximately 7.50% higher than the NT$334.475 billion in 2021.
