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25 September 2020 The on-line newspaper devoted to the world of transports 05:11 GMT+2



September 7, 2020

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Original news
Sea-Intelligence highlights the unexpected improvement in financial results of major shipping carriers containerized

Analysis of the ratio of operating profit to load volumes in shipping containers

Sea-Intelligence, a company that analyzes the evolution containerized shipping, so like our newspaper, CLECAT and other observers ( 4 September 2020), questioned the surprising - because it is unexpected - growth in economic results in the second quarter of this year by shipping companies leading global markets in this market. Sea-Intelligence has focused on the relationship between operating profit registered by these companies and the volume of cargoes in containers transported by their fleets, game-force comparison companies rarely specify what part of their operating profit is exactly chargeable to maritime transport activities only generally including the contribution to the containerized supply chain and even additional maritime-logistics and other sectors.

Sea-Intelligence notes that the growth recorded in the period April-June this year must be the result of the combination of cost reduction and higher freight almost all companies have experienced a decline in year-on-year revenue. Revenues - we add as we have have recently marked a more recent decline rate compared to the operating costs that also confirm (but - for example, cleCAT - not only) of the rise in freight. Sea-Intelligence also highlights the general decline year-on-year volumes of containerized cargo transported by fleets Companies.

Sea-Intelligence points out that in the second quarter of this year all ten of the first containerized companies publish financial data have reported a useful report operational/container teu transported with a positive sign and - precise company -- even the South Korean HMM, which in the past had problems with profitability, recorded a report Positive EBIT/teu of 129 dollars/teu, similar ratio to that Maersk. Sea-Intelligence also discloses that Hapag-Lloyd, with 146 dollars/teu, recorded the EBIT/teu ratio higher, while only four of the ten shipping carriers recorded an operating profit-to-teu ratio of less than 100 dollars/teu.

Finally, Sea-Intelligence explains that, for the first time since 2010, In the second quarter of 2020, all companies recorded positive EBIT/teu, but it is clear that ten years ago it was not all the companies had communicated their performance Financial.


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