Container shipping company Yang Ming (2609-TW) held a legal meeting today (30). Regarding the outlook for this year, Yang Ming said that “this year’s long-term increase will satisfy the shipping company.” However, Yang Ming also admitted that the freight rate this year will be higher than last year. Substantial growth, little opportunity, it is expected that the freight rate will remain high and fluctuate.
Yang Ming pointed out that the length of the US line accounts for about half of the revenue, and the length of the European line will also increase slightly compared with the past 10-20%.
Regarding the recent revision of the SCFI index, Yang Ming responded that the freight rate seemed to fluctuate slightly in March. The European line was indeed affected by the Russian-Ukrainian war recently, but the decline was within an acceptable range and did not collapse. As long as the dawn of the Russian-Ukrainian war peace talks appeared , it is expected that the volume of goods will gradually and steadily recover after April to May, and it is even expected to see retaliatory demand, and then it will enter the traditional peak season of the third quarter, so it is not pessimistic about the market outlook.
In terms of the American line, Yang Ming pointed out that the port congestion in Los Angeles looks much better than in the past, but it is still congested.
On the whole, Yang Ming believes that this year’s freight rate has the opportunity to return to the previous level, but it is unlikely to increase significantly, but to maintain high-end shocks.
