Reported about 1 year ago
Benefiting from the growth contributions of average freight rates and export cargo volume, Evergreen's consolidated revenue in June surpassed 40 billion, reaching 42.283 billion, with a monthly increase of 31.48% and a year-on-year increase of 91.06%. Market optimism prevails for the traditional peak season in the third quarter, but there is a risk of decline in the fourth quarter. With room and container shortages, as well as rising freight rates, Evergreen's performance in June was commendable. However, concerns about the resolution of the Red Sea crisis causing a return to normal market conditions and the expected increase in capacity in the second half of the year may lead to a weakening cargo freight demand after the traditional peak season in the third quarter, posing a risk of declining container freight rates in the fourth quarter.
Source: YAHOO