Alphaliner’s Post

𝐒𝐡𝐢𝐩𝐩𝐢𝐧𝐠 𝐥𝐢𝐧𝐞𝐬 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐫𝐞𝐜𝐨𝐯𝐞𝐫 𝐢𝐧 𝐐1, 𝐬𝐩𝐢𝐤𝐞 𝐢𝐧 𝐬𝐩𝐨𝐭 𝐫𝐚𝐭𝐞𝐬 Hapag-Lloyd's recent report signals a promising recovery in Q1 and Q2 of 2024, with freight rates on the rise—average rates spiked 14% from Q4 2023 to Q1 2024. Efforts to navigate around the Red Sea crisis have tightened industry capacity, leading to higher shipping prices. Despite a 24% drop in revenue, #HapagLloyd's net profit reached €294.7 million in Q1 2024, a significant turnaround from last year's figures. Moreover, Taiwanese container line Yang Ming Transport reported a remarkable profit surge, from a loss of $43 million in Q4 2023 to $290 million in Q1 2024. These are strong signs for the industry's recovery and a potentially good year ahead. More in the article below. #ShippingIndustry #EconomicRecovery #logistics #growth #globalshipping https://lnkd.in/dTh87WMb

Here’s coverage of today’s quarterly results and analyst call of ocean carrier Hapag-Lloyd: Q3 earnings came in well below expectations – a “big miss.” Volume was up but rates fell more than analysts expected, driven lower by overcapacity as newbuildings delivered. Net income plunged 73% sequentially vs. the second quarter of this year. Hapag-Lloyd expects the market to remain under pressure for the next 6-8 quarters, so into 2025. Also, interesting comment on Panama Canal situation from Hapag-Lloyd CEO: “I think the drought in the Panama Canal is a real problem. The number of ships going through there today cannot all go through there [in 2024] — and we have to find solutions for that. Rerouting some ships via the Suez Canal is certainly one of the options.” See story for more coverage: https://lnkd.in/eKXVCxUK

The collapse in freight rates pushed nine-month profits at Hapag-Lloyd down almost 80 per cent as the leading German container shipping group cut its full-year guidance on a continuing gloomy outlook. Container shipping companies, whose performance is seen as a bellwether for global trade, have reported tumbling revenues and profits amid falling freight rates as vessel supply outstrips demand. The Hamburg-based company said average freight rates in the quarter ending September stood at $1,312 per 20ft equivalent unit, compared with $3,106 in the same period last year. Costs on the other hand had increased 30 per cent since 2019, it said. #containershipping

🌊 Navigating Rough Seas Ahead! 🚢 🔍 Quick scoop: Hapag-Lloyd, a big name in shipping, is facing some choppy waters! Their Q3 earnings report showed profits taking a dive 📉 despite more goods being moved across the seas 📦. 👨✈️ Captain’s insight: The CEO, Rolf Habben Jansen, says it's not about the number of containers; it's the cash they bring in 💰. Too many ships and too low rates are making waves in the market 🌪️. 📈 Stats at a glance: Profits sank 94% from last year! That's a lot of treasure off the map 🗺️. And though rates are still up from the pre-COVID era, they've dropped 14% from just last quarter. 🎯 Strategy onboard: Hapag-Lloyd isn't about that loss-making life. They'd rather sail with fewer contracts than agree to deals that don't stack the coins 🪙. Even if that means some ships will take a break at the dock 🛳️. 👀 Lookout for icebergs: There's trouble brewing with the Panama Canal water levels 🚧 and talks of a dockworker strike in the US ⚠️. The crew's ready to reroute and ride the wave of change! #ShippingScoop #HapagLloyd #OceanEconomy #EarningsWave #SmoothSailingAhead #HapagLloyd #MaritimeIndustry #ShippingNews #GlobalTrade #SupplyChain #FreightRates #EconomicOutlook #Logistics #ShippingStrategy

Hapag-Lloyd just released financial results for its Q4, and it details just how much liner shipping revenues have dropped — a whopping 77.1% from 2022 to 2023, calculated before interest, taxes, depreciation, and amortization. And although volumes were up slightly, lower freight rates wiped out margins and profitability. But, while all of that sounds troubling, it appears better days may be on the horizon. There’s an expectation that peak season will start a bit earlier this year, partially due to depleted inventories worldwide. #thefreightarchitects #jaguarfreight #logistics

Hapag-Lloyd just released financial results for its Q4, and it details just how much liner shipping revenues have dropped — a whopping 77.1% from 2022 to 2023, calculated before interest, taxes, depreciation, and amortization. And although volumes were up slightly, lower freight rates wiped out margins and profitability. But, while all of that sounds troubling, it appears better days may be on the horizon. There’s an expectation that peak season will start a bit earlier this year, partially due to depleted inventories worldwide. #thefreightarchitects #jaguarfreight #logistics

Hapag-Lloyd just released financial results for its Q4, and it details just how much liner shipping revenues have dropped — a whopping 77.1% from 2022 to 2023, calculated before interest, taxes, depreciation, and amortization. And although volumes were up slightly, lower freight rates wiped out margins and profitability. But, while all of that sounds troubling, it appears better days may be on the horizon. There’s an expectation that peak season will start a bit earlier this year, partially due to depleted inventories worldwide. #thefreightarchitects #jaguarfreight #logistics

Hapag-Lloyd just released financial results for its Q4, and it details just how much liner shipping revenues have dropped — a whopping 77.1% from 2022 to 2023, calculated before interest, taxes, depreciation, and amortization. And although volumes were up slightly, lower freight rates wiped out margins and profitability. But, while all of that sounds troubling, it appears better days may be on the horizon. There’s an expectation that peak season will start a bit earlier this year, partially due to depleted inventories worldwide. #thefreightarchitects #jaguarfreight #logistics

The average operating margins for the leading ocean freight container carriers (the nine largest companies reporting EBIT) fell to -3% in the final quarter of 2023 – the first time it has dropped below zero in five years. Six out of the nine carriers reported operating losses in this period, including for the first time Hapag-Lloyd and ONE. Discover more bitesize industry updates in the Xeneta newsfeed: https://hubs.ly/Q02q77yp0