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High quality construction material manufacturers mainly produce steel pipes & hollow profiles - YSWMETAL

Containers are still hard to get in July

The global maritime market in July will continue to maintain the strong trend of June. Judging from the current booking situation, demand will remain high, but the situation after that still needs to be continuously monitored. With the entry of the third quarter, Europe and the United States due to the year-end holiday shipment season, market demand is still very hot. Yang Ming pointed out that since the Red Sea crisis forced some shipping routes to detour, the route from Asia to Europe needs to increase by at least two to four ships, which also consumes the overall capacity, narrowing the gap between supply and demand, and supporting the rise in market freight rates. Yang Ming also pointed out that although the third quarter is the traditional peak season, due to global geopolitics and regional conflicts, the container shipping market still needs to be observed month by month. As for the situation of shipowners, Yang Ming pointed out that it was mainly affected by various ship operation problems, including the deversion of ships caused by the Red Sea problem, or the tight supply of ships and containers caused by port congestion, and the overall development of the situation was not within the control of a single company. According to Yangming's revenue data for the first quarter, logistics accounted for 3.9%, bulk shipping 1.8%, container shipping 94.2%, and terminal business 0.1%. Revenue was NT $43.801 billion, net income attributable to the parent company was NT $9.379 billion, and earnings per share was NT $2.69. As of June this year, the total capacity of Yangming's fleet is 94 ships / 707,000 TEU, and there will be no new delivery of new ships next year. The peak of shipping in the whole market is this year, and shipping will slow down in 2025, and the imbalance between supply and demand will be convergence.

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