Recently, the stock price of container carriers has fallen into a sharp backlash, which has shaken many investors’ confidence in the shipping market outlook. In fact, it is a consensus that the market conditions before the Lunar New Year are hot. , Including Evergreen (2603-TW), Wan Hai (2615-TW) Have announced active container building plans, and Wan Hai is making a major move to purchase ships. The purchase of ships and containers requires an investment of nearly 20 billion yuan. Obviously, they are still highly optimistic about future market demand.
Since January, the share price of Container Sanxiong has surpassed the swing high, and has been corrected successively. Evergreen has fallen by 23% since January. Yang Ming (2609-TW) Fell 32% and Wan Hai fell nearly 20%.
It can be observed that Evergreen has continuously announced several cabinet-making projects since the end of last year, and first invested 39.57 million at the end of last year.USDPurchased 5,500 containers from Dong Fang International Container (Hong Kong) Limited, and subsidiary Qingbiao Shipping also spent 47.45 millionUSDPurchased 13,000 containers from Pan Ocean Container Supplies CO. LTD.
In late January, Evergreen once again announced that it would purchase 44,000 new containers with its two subsidiaries to meet the replacement and business needs. Among them, Evergreen Hong Kong purchased 8,500 new containers, with a total transaction value of 45.41 millionUSD, And Qingbiao Shipping is also in the procurement plan.
In the past two months alone, Evergreen has determined to spend at least 133 million yuan firstUSD (approximatelyNew Taiwan Dollar 3.724 billion) purchased 27,000 containers, and another 35,500 containers have not yet been priced.
Wanhai, which mainly operates offshore routes, is also very active in its expansion. In January, it announced that it would purchase a total of 12 3013 TEU full container ships, each with a cost of 47.1 million.USD, The total purchase amount reached 565 millionUSD (approximatelyNew Taiwan Dollar 15.786 billion yuan).
Not only that, Wanhai will purchase another 50,000 TEU containers, with an average unit price of 2,835 per TEU USD, Totaling 142 millionUSD (approximatelyNew Taiwan Dollar 3.959 billion yuan), that is to say, less than a month into 2021, Wan Hai has determined that it will spend nearly 20 billion yuan to expand its capacity.
In addition to the active investment plan of the container carrier, the shipping business accounts for more than 50% of the revenue of the carrier Taihua (2636-TW) Also stated that, judging from the current shortage of containers and labor in the shipping market, the long-distance line will be warm after the lunar new year, and it can even be maintained until the third quarter.
What’s more special this year is that the freight market will usher in huge demand for vaccine transportation, which will crowd out air cargo and then transfer orders to ocean freight, which is beneficial to the high demand for long-distance shipping.
On the whole, Evergreen and Wan Hai have been actively purchasing new containers and even new ships recently. If they are not optimistic about the demand in the maritime market in the coming year or even longer, they should not spend a lot of money to expand their future capacity at the beginning of the year. The outlook for the year is still optimistic.
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