The losses of 2023 ship operators were compensated in the second quarter of 2024
reported by Mehr News Agency, Alfaliner institute announced in its latest report that was published yesterday that by examining the operating profit margins of the operators of 9 major shipping companies which is an average of 20%, the losses incurred by companies in the previous year have been compensated in the second quarter of 2024. In this report, it is stated that the operating profit margin obtained by the operators during this period is the highest after the epidemic .
According to this report, oil transportation companies showed the best performance during this period. In the meantime, the Taiwanese operator Ever Green Marine Corporation earned the highest profit margin of 30% with an operating profit of one billion dollars. This Taiwanese operator has obtained the highest profit margin among all operators in the last seven seasons.
Taiwan One Company was also able to compensate for the loss of 2023 by reaching profitability and achieve a profit margin of 28.5%. South Korea’s HMM and Taiwan’s Yang Ming are ranked third in terms of operating profit and marginal profit. and experienced 26.9% figures. “One” coalition shipping line operators also had 15.8% operating margin profit.
But the profit margin for Maersk operators and other European shipping lines has been lower due to having long-term contracts, so that the profit margin of Maersk in the second quarter of 2024 was about 5.6%, which is the lowest among operators.
Cosco China’s shipping line operators posted an operating profit of $1.6 billion, with a profit margin of 24.9 percent, as the company’s presence in new markets in South America and Africa led to to earn a decent profit.
It is worth noting that in 2024, Cosco has launched new lines between China, South America, Mexico, Vietnam and Africa.
