The shipping group has successively announced its April results, and container shipping company Evergreen (2603-TW) Consolidated revenue reached 56.2 billion yuan, down 4.21% month-on-month and up 102.52% year-on-year. Although it fell from the previous month, it was still the third highest in a single month. Taihua (2636-TW) The consolidated revenue was 2.683 billion yuan, a monthly decrease of 18.63% and an annual increase of 30.16%, which still reached a new high in the same period during the off-season.
Evergreen’s consolidated revenue in the first four months was 227.025 billion yuan, an annual increase of 92.88%. Taihua’s consolidated revenue in the first four months was 12.833 billion yuan, an annual increase of 61.34%.
Evergreen pointed out that the container shipping boom in the first quarter was affected by the epidemic in China, the Russian-Ukrainian war and the pressure of inflation, and the operation of the industrial chain and supply chain was severely disrupted. However, the SCFI freight index was still high compared to the same period last year.
After entering the second quarter, Evergreen believes that although it is in the traditional off-season, it will focus on operations after the resumption of work in China, the long-term contract will take effect after May, and the continuous delivery of new ships in the second quarter to see the revenue and profit of this quarter. Performance is still expected.
Taihua pointed out that the new contract price of the US long-distance contract has come into effect on May 1, and the new contract price has doubled compared with last year. The overall price can remain high.
Taihua also mentioned that the labor-management negotiation at the US-West Wharf started in May. If the negotiation results in the unsmooth transportation chain, the port congestion problem will be more serious.