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International Shipping
Only 3 left! Liner companies may not be able to repeat the glory of the past two years
Date:2023-10-23 Readers:

         According to Alphabliner, there are currently only three listed liner companies with a market capitalization of more than $10 billion. Alphabliner said the downturn in the cargo market has knocked $133 billion off the market value of 11 publicly traded liner companies over the past 18 months, There are only three listed liner companies with a market capitalisation of more than $10bn left: Hapag-Lloyd, Maersk and Cosco with market capitalisation of $30.1 billion, $28.6 billion and $21.2 billion respectively. In May 2022, seven of the 11 listed liner companies at the time had a market capitalization of more than $10 billion: Hapag-Lloyd, Maersk, Cosco Maritime Holdings, Evergreen Shipping, Hanshin Shipping (HMM), Yang-Ming Shipping, and Wanhai Shipping. Alphabliner added that the market capitalization of the 11 listed liner companies is now just under $110 billion, compared to $243 billion in May 2022. The reason Hapag-Lloyd, the world's fifth-largest liner, has such a large market capitalisation is that only 3.6 per cent of its shares are traded in circulation, so stock trading has a disproportionate impact on market capitalisation. In general, liner companies saw a surge in revenue and market capitalization during the pandemic in 2021 and 2022, when freight rates hit record highs due to supply chain disruptions, but both have plummeted since then as freight rates have plummeted due to a weak freight market.

https://www.gjkdwl.com/news/banlun-52866.html

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