Reported 11 months ago
In the wake of a significant increase in global container shipping rates on June 24, 2024, Taiwan's top container shipping companies - Evergreen (2603), Yang Ming (2609), and Wan Hai (2615) - are all strategically positioned to capitalize on the second wave of bullish market conditions in the shipping industry. Analysts believe that these companies are just entering a phase of substantial profit growth, with the post-pandemic recovery in the global shipping market presenting lucrative opportunities. Yang Ming and Wan Hai are expected to see significant profit increases due to recent upward pricing trends, while Evergreen's dominance in the European market with its 24,000 TEU vessels is enhancing its competitiveness. With Yang Ming's revenue heavily reliant on the North American and European routes and Wan Hai expanding its services in the Asian market, both companies are poised for increased profitability and market share growth.
Source: YAHOO