Recently, major liner companies announced their third quarter reports.
A report released by Yang Ming Shipping showed that its third-quarter comprehensive revenue was NT$37.78 billion (equivalent to approximately 8.687 billion yuan) as shipments increased by 2% to 1.44 million TEUs.
In order to optimize operating costs, Yang Ming Shipping has successively unleased some high-priced long-term charter vessels since last year. The resulting impact caused its net loss in the third quarter to be NT$1.38 billion (equivalent to approximately 317 million yuan). But at the same time, the company stated that the loss did not involve cash flow and had no significant impact on the company's operations.
Yang Ming Shipping's revenue in the first nine months of 2019 increased by 9.6% compared with the same period last year to NT$113.26 billion (equivalent to approximately 26.044 billion yuan). Sales volume increased by 3.8% to 4.07 million TEUs, with a net loss of NT$3.32 billion (equivalent to approximately NT$26.044 billion). contract of RMB 763 million), a year-on-year increase of 50.2%.
Hyundai Merchant Marine announced an operating loss of 46.6 billion won (equivalent to approximately 281 million yuan) in the third quarter, an increase of 62.1% from 123.1 billion won (equivalent to approximately 742 million yuan) in the third quarter of last year. The company said the improvement was primarily due to its cost reduction efforts.
Despite continued uncertainty in global trade and weak freight rates leading to market oversupply, Hyundai Merchant Marine's total revenue in the third quarter still increased 1.5% year-on-year to 1.44 trillion won (equivalent to approximately 8.676 billion yuan).
Hyundai Merchant Marine's revenue in the first nine months of 2019 was 4.2 trillion won (equivalent to approximately 25.304 billion yuan), an increase of 10.2% over the same period last year. Its operating loss year-to-date was 265.2 billion won (equivalent to approximately 1.598 billion yuan), an increase of 10.2% over the same period last year. An increase of 46.2%.
Although it did not disclose its carrying capacity, Alphaliner data released this week showed that Hyundai Merchant Marine’s trans-Pacific trade volume increased by 2.4% in the first nine months of 2019, to about 750,000 TEU.
Hapag-Lloyd reported a net profit of US$168 million (equivalent to approximately 1.178 billion yuan) in the third quarter, which benefited from an increase in average freight volume and flat transportation volume.
's net profit in the first nine months of 2019 was US$333 million (equivalent to approximately 2.335 billion yuan), while it only had a surplus of US$15 million in the same period last year. Based on the profit before interest and tax level, the nine-month performance increased by 75% compared with the same period last year. .
's revenue in the first three quarters increased 5% from the same period in 2018 to $10.65 billion, and sales increased 1.2% to 9 million TEU. Average freight rates rose 4% to $1,075 per TEU.
Hapag-Lloyd said it expects full-year EBIT to be between 1.6 billion euros (equivalent to approximately 12.393 billion yuan) and 2 billion euros (equivalent to approximately 15.492 billion yuan),
container shipping analyst Lars Jensen said Hapag-Lloyd's approach of prioritizing profit margins over the pursuit of market share is paying off.
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