＂freight rates＂ 結果共5筆

Taiwanese shipping companies Evergreen Marine Corp. and Yang Ming Marine Transport Corp. have chosen not to resume their Red Sea route following Maersk’s decision to do so. Maersk reinstated the route due to the ＂Red Sea crisis＂ caused by increased violence from Yemen’s Houthi rebels. The deployment of the multinational naval task forces under the U.S.-led Operation Prosperity Guardian (OPG) has allowed maritime trade to pass through the Red Sea/Gulf of Aden and resume using the Suez Canal. However, Maersk warns that the overall risk in the region has not been eliminated. The decision has led to concerns about container prices and resulted in a decline in Evergreen and Yang Ming’s stock prices. Freight rates for European and American shipping liners saw a significant increase after Maersk’s announcement.

Taiwan’s shipping market is abuzz with news that Japan’s Ocean Network Express (ONE) plans to impose an emergency surcharge of US＄1,000 per container due to escalating tensions in the Red Sea. This, along with a US＄1,000 increase in base freight rates, could raise the total cost of shipping a large container to US＄4,000. However, this figure is still below the $6,000 being quoted in the Chinese market. Freight charges from Taiwan to Europe have been steadily increasing, with rates climbing from US＄900 to US＄1,000 per large container at the end of November to US＄2,000 by mid-December. Shipping companies are planning another rate hike, intending to raise rates to $3,000 starting from Jan. 1, 2024. The Chinese logistics platform, www.5688.cn, reported that shipping container rates from the Far East to Israel have skyrocketed to US＄6,000, a sixfold increase from the end of November.

Shares of Yang Ming Marine Transport Corp. experienced a surge in volume, with over 70,000 shares traded, ranking in the top five in terms of transaction volume. This follows the suspension of services through the Red Sea by major container shipping companies, including Evergreen Marine Corp., Yang Ming, and Wan Hai Lines Ltd., due to attacks by Yemeni militants. The crisis in the Red Sea has led to global shipping lines rerouting, potentially alleviating excess capacity and boosting international freight rates. The stock performance of these ＂Big Three＂ container shipping firms has drawn significant attention. Evergreen Marine’s stock exhibited volatility, reaching a post-ex-dividend high of NT$148 but later dipping to NT$144.5. Yang Ming’s stock price also reached a morning peak but corrected downwards, with a trading volume surpassing 70,000 shares. Wan Hai Lines experienced a similar downward trend. These movements in the shipping sector are closely monitored amid the ongoing situation in the Red Sea, which impacts shipping routes worldwide.

Leading shipping companies, including Evergreen Marine Corporation, plan to raise shipping rates by up to 30% in 2024. Evergreen’s stock surged by 5.73% after the announcement, while its competitors, such as Yang Ming Marine Transport Corporation and Wan Hai Lines Ltd., experienced declines in their stock prices. Evergreen reported a 37.11% year-on-year decline in consolidated revenue for November due to lower international shipping rates and reduced global freight demand.

Global shipping leader Maersk’s decision to cut its workforce by 10,000 has caused a downturn in shipping stocks on November 6th. Within the first ten minutes of trading, Evergreen Marine (2603) dropped 4% to NT$107.5, while Yang Ming Marine Transport (2609) and Wan Hai Lines (2615) also experienced turbulence with declines of over 2%. Following Maersk’s announcement, the company’s stock price fell more than 18%. The shipping industry is currently facing numerous challenges, including sluggish cargo demand, falling freight rates, rising energy costs, inflation, and geopolitical tensions. Maersk CEO Vincent Clerc described these challenges as the ＂new normal.＂ Insiders have noted that the shipping market is not as robust as it has been in recent years, leading to uncertainty and a ＂supply-demand imbalance＂ in the coming year.