![]() Copenhagen-based A.P Moller Maersk similarly recorded a third-quarter operating margin of 46.1% and devoted just15% of its fleet to trans-Pacific trade lanes. ![]() Germany's Hapag-Lloyd reported a third-quarter EBIT of 46.5% and was only allocating 12% of its fleet to the Asia-to-North America market, according to Alphaliner. The largest shipping lines operate more of their fleet on shipping routes outside the Pacific and have lower exposure to the spot market. ![]() "The 'tail' on the container boom has continually defied forecasts with several players initially predicting that the boom would peter out after the 2021 Chinese New Year," Alphaliner said. Evergreen Marine, which operates 34% of its fleet in the trans-Pacific market, reported an EBIT of 67% of its revenue in the third quarter of 2021, followed by Yang Ming at 66% and Wan Hai at 61.5%, according to Alphaliner. Taiwanese shipping companies posted the largest profits due to their heavy exposure to the lucrative trans-Pacific trade lanes. "The 10 lines have already generated nearly $80 billion in EBIT in the first nine months of the year, while the recent emergence of the omicron variant could ultimately push these forecasts even higher," Alphaliner said. Receive daily email alerts, subscriber notes & personalize your experience.
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