Information | The container shipping market rebounded, and CMA CGM’s net profit in the first quarter was US$2.01 billion!
NO.1. The container shipping market rebounded but it was difficult to get out of the trough
According to the latest data released by the Shanghai Aviation Exchange recently, the SCFI index rose slightly by 11.01 points to 983.46 points last week, an increase of 1.13%. rise. However, the SCFI index has been at a low level below 1,000 points for five consecutive weeks.
Last week, the Far East to West America route received the most attention. The freight rate per FEU rose by US to US,398, a weekly increase of 5.19%. ; The freight rate per TEU on the European line continued to fall by US to US9, and the decline also expanded from 0.11% in the previous week to 1.15%.
The freight rate per TEU of the Mediterranean line rose slightly by US to US,398, a weekly increase of 1.41%, a slight increase for two consecutive weeks. The freight rate per TEU of the Santos route on the South American line continued to increase by US to US,073, a weekly increase of 3.19%. The freight rate per TEU for the Singapore route on the Southeast Asian route fell by US to US1 a week, a decrease of 1.72%.
Analysts in the industry pointed out that the SCFI index has been hovering at a low level recently, which shows that the low freight rate is supported after the signing of the long-term contract price for the European and American lines. Although it is difficult to rise, it is also difficult to fall. In addition, the market also reported that large container shipping companies such as Mediterranean Shipping Company and CMA CGM have issued a price increase notice for the US Line General Rate Surcharge (GRI). to be observed.
NO.2, CMA CGM’s net profit in the first quarter was US.01 billion
Recently, CMA CGM announced its first-quarter results. During the reporting period, revenue was US.72 billion, a year-on-year decrease of 30.2%; EBITDA was US.44 billion, a year-on-year decrease of 61.3%; net profit was US.01 billion, a year-on-year decrease of 72.1%.
CMA CGM's main performance data for the first quarter of 2023
Specifically, CMA CGM's shipping business revenue was US.87 billion, a year-on-year decrease of 40.3%; EBITDA was US.05 billion, a year-on-year decrease of 64.3%. Logistics business revenue was US.86 billion, a year-on-year increase of 14.1%; EBITDA was US0 million, a substantial increase of 36.9% year-on-year. In addition, in the first quarter, CMA CGM's cargo volume was 5.02 million TEU, a year-on-year decrease of 5.3%. The average freight rate was US,766/TEU, a year-on-year decrease of 37%.
The main performance data of CMA CGM's ocean freight business in the first quarter of 2023
Rodolphe Saad, Chairman and CEO of CMA CGM Group, commented: "After two years of special period, due to the slowdown of global economic growth, inflation and the continuous destocking phenomenon in many places around the world, shipping We have normalized and our first quarter results remain solid."
NO.3. Vietnam’s export volume in the first five months decreased by 11.6% year-on-year
According to data released by the General Statistics Office of Vietnam on May 29, in the first five months of this year, Vietnam’s exports decreased by 11.6% year-on-year to US6.17 billion, while imports decreased by 17.9% year-on-year to US6.37 billion, with a trade surplus of US.8 billion.
Data show that as Vietnam's largest export commodity, the export value of mobile phones and their accessories in the first five months of this year decreased by 16% year-on-year to US.17 billion.
In the first quarter of this year, Vietnam's gross domestic product (GDP) growth slowed to 3.3 percent from 5.9 percent in the fourth quarter of last year. Deputy Prime Minister Tran Liu Quang of the Vietnamese government recently stated that despite the pressure of rising global interest rates, Vietnam will not change its annual economic growth target of 6.5%.