In 2021, EMC Evergreen Marine has made a splash with its 40-month dream year-end bonus. The industry has cast envious glances. This incident has also further increased the exposure of the Evergreen brand.
It’s the end of the year again, and it’s Evergreen again. Have you all been silently thinking in your heart: I want go long glory
As 2022 is about to end, the industry has speculated that Evergreen Shipping may increase the year-end bonus to 60 months or more! It is reported that on this Friday, the answer will be revealed.
Currently, Evergreen has not announced its full-year financial report for 2022, but according to previous financial report data analysis, Evergreen's after-tax net profit in the first three quarters of this year reached NT$304.4 billion, and its full-year profit in 2021 was NT$239 billion. This year's figures are even more astonishing. Even though the shipping market has been showing signs of weakness since the second half of this year, the industry believes that Evergreen Shipping will still deliver a perfect report card. Accordingly, industry people said that Evergreen Shipping will distribute 60 or more "exploding" year-end bonuses this year.
Evergreen’s other two brothers, Yangming Shipping and Wanhai Shipping, , are reported to be distributing year-end bonuses in January next year. Based on the year-end bonuses of the two companies last year, industry insiders speculate that Yang Ming Shipping's year-end bonus this year may be between 12 and 14 months; Wanhai last year's year-end bonus averaged about 10 months, and it is speculated that this year's level may be the same as last year.
Recently, it was reported that CMA CGM announced that it would provide all its employees with a special year-end bonus of 10 weeks of salary this year.
It is understood that the year-end special bonus issued by CMA CGM this time will include all seafarers in CMA CGM’s fleet, which means that the year-end bonus for seafarers in CMA CGM’s fleet is the same as that of other employees of CMA CGM, which is 10 weeks’ salary.
In 2021, CMA CGM’s year-end bonus is 8 weeks’ salary. This year's year-end bonus is 10 weeks, more than last year, which shows that CMA CGM will make more profits in 2022 than last year. This also shows that strong shipping companies still have strong profitability when the market conditions are not good.
It is reported that CMA CGM should be the first shipping company to announce year-end bonuses for crew members.
CMA CGM Q3 Performance
● Revenue in the third quarter of 2022 was US$19.9 billion, mainly driven by the ocean freight business.
●EBITDA reached US$9.15 billion, and EBITDA profit margin was 46%.
● Net debt totaled $78 million as of September 30, 2022 (after including current financial investments), a decrease of $5.3 billion from June 30, 2022.
●’s transportation volume in the third quarter of 2022 was 5.7 million TEUs, a year-on-year increase of of 24.1%. ● Ocean freight revenue was $15.7 billion, up 25.8% year over year but down 2% sequentially, reflecting lower spot freight rates that began in the second quarter and continued into the third quarter. ● EBITDA in the third quarter was $8.65 billion. 's average revenue per TEU of $2,771 during the same period supported year-over-year growth in EBITDA margins, with quarterly EBITDA down 5% from the previous quarter.
● Logistics revenue in the third quarter of this year totaled US$4.34 billion, with EBITDA of US$359 million. ● Growth is mainly driven by maritime and air transport activities, and contract logistics business continues to pick up. The acquisitions of Ingram Micro CLS, Colis Privé and GEFCO also boosted the segment's revenue and EBITDA growth. The latter completed its acquisition in late July and contributed $750 million to logistics revenue during the period.
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