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Domestic Shipping
Taiwan's three major liner companies' results for the first two months are out
Date:2024-03-13 Readers:
Taiwan's three major liner companies in February revenue data are all released, Evergreen Marine by the continuing impact of geopolitics, the average tariffs to maintain stability, boosting February revenue reached 30.169 billion yuan (this article unit are NTD), an increase of 6.41% from a year earlier, an increase of 61.51%; two months before the cumulative revenue of 58.521 billion yuan, an increase of 30.27%.

Yang Ming Marine continued to benefit from the Red Sea crisis, February revenue of 14.257 billion yuan, an increase of 1.86% sequentially, an increase of 26.07% year-on-year; the first two months of revenue of 28.254 billion yuan, an increase of 17.6% year-on-year. The fourth quarter of last year, Yang Ming Marine Transportation because of the market rate of decline, a single-quarter loss of 1.304 billion yuan. The industry believes that Yang Ming the first quarter of this year due to the Red Sea crisis profit is not in danger, the second quarter depends on the market in March and April to warm up the situation and the development of the crisis in the two major canals.

Wanhai shipping February revenue of 8.864 billion yuan, down 4.19%, an increase of 21.24% year-on-year; the first two months of revenue reached 18.117 billion yuan, an increase of 7.79% year-on-year. Wanhai said, February revenue decreased compared with the previous month, mainly by the number of working days in February and the impact of holiday factors, the volume of goods than the previous month, but observed that after the Lunar New Year holiday, the demand has been gradually increased, will help the company's performance steady growth.

https://www.cnss.com.cn/html/hyqy/20240313/352527.html
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