In the past year, the global shipping market continued to be hot, international ports were congested, containers were hard to find, and shipping prices continued to soar. The shipping companies at the forefront of the storm have greatly increased their profits and the wages of the industry have also risen.
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profits increased greatly!
the year-end bonus of a shipping company is up to 40 times the average monthly salary
Recently, evergreen shipping, the largest shipping company in Taiwan, issued year-end bonuses to employees. According to local media reports, the average amount of bonus is as high as 40 times of monthly salary.
It is reported that many employees’ first reaction when they see the account is: is it wrong? They have never seen so much money! Taking an employee with a monthly salary of NT $60000 as an example, the year-end bonus is nearly NT $2.4 million, about RMB 550000, and the year-end bonus of NT $1.5 million, about RMB 350000. For a time, the year-end bonus of the shipping industry has become the envy focus of the whole network.
With the east wind of the global shipping market, major companies in the industrial chain are making a lot of money. On January 14, Maersk Group, a global shipping giant, predicted that the actual profit of the previous year would reach US $24 billion (about 152.5 billion yuan); Cosco Shipping Holdings Co.Ltd(601919) the net profit in the first three quarters of 2021 was 67.59 billion yuan, soared 1651% year-on-year; China International Marine Containers (Group) Co.Ltd(000039) , the net profit in the first three quarters of 2021 was 8.799 billion yuan, a year-on-year increase of 1161% .
It is not just shipping companies that make money. In 2021, under the background of difficulties such as “century ship jam”, rebound of epidemic situation and lack of employees, the annual revenue of Suez Canal Authority still set a new historical record , reaching US $6.3 billion (about 40 billion yuan), an increase of 12.8% over the same period.
In fact, after the “century ship jam”, the canal trade has not been continuously affected, the traffic volume has not decreased but increased, and the relevant departments are actively developing the channel. Recently, Suez Canal Authority has raised the price by 6% in 2022 to meet the huge demand for shipping .
According to the data, the global shipping industry is expected to set a new historical record in 2021, with a profit of more than 150 billion US dollars (about 952.9 billion yuan) . In 2020, this figure was only US $25.4 billion (about 161.4 billion yuan), with a year-on-year increase of nearly five times .
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freight soared and a box was hard to find
foreign trade enterprises are forced to use “big tricks”
2021 is the golden age of the global shipping industry, but it may also be the darkest year for many foreign trade enterprises. The doubling of shipping prices and congested ports have given foreign trade enterprises a headache.
On January 13, a container truck stopped in front of a musical instrument foreign trade enterprise in Foshan, Guangdong Province. This is an empty container that we have been looking forward to for a long time. After two months, the musical instruments in the warehouse can finally go to sea by ship to customers. in addition to the difficulty of finding a box, the soaring sea freight price is a common pain point for foreign trade enterprises in the near future.
Ningbo export container freight rate index shows that recently, the freight rate of Southeast Asian countries has reached the highest level in history.
staff of a logistics company in Singapore: the price of a container in Singapore may have increased by 3 to 5 times, and even 10 times on some routes.
In order to save costs, foreign trade enterprises have made their own tricks, using all kinds of geometry and physics knowledge to fill more boxes of goods at a time. Employees of an enterprise even use the ultimate trick, Jack.
The Baltic Sea freight index shows that in the past year, the standard freight of routes from Asia to North America increased six times year-on-year, of which the highest quotation from Shanghai to Los Angeles soared nearly 12 times year-on-year .
Besides the freight, there is also ship jam . Liang Liang, a Chinese, does import wholesale business at the port of Los Angeles in the United States. Most of his goods are clothes and toys imported from China. the changing sea price makes him anxious every day.
Andy Yi is an executive director of a logistics company in Singapore. Due to port congestion, goods can often not be loaded and unloaded in time. Although more than 20 employees are specially arranged to stand by at any time, it is impossible to ensure that goods arrive on time.
In December 2021, the Singapore port was once again congested, and the waiting time for ships was extended from 2-3 days to 7-10 days. Congestion in American ports has not improved.
The United Nations report points out that between now and 2023, high shipping prices are expected to increase global import prices by up to 11% and consumer prices by an average of 1.5% .
Kang Shuchun, President of the international freight forwarding branch of China Federation of logistics and purchasing: the situation that it is difficult to find a box and a box of ten thousand gold is a huge inhibition for international trade, which will shrink the whole trade market, there may be a long-term Ice Age in the future.
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the three indicators of China’s shipbuilding industry continue to rank first in the world
According to the data released by the China Cssc Holdings Limited(600150) Industry Association today (16th), China’s shipbuilding industry will continue to rank first in the world in three indicators in 2021. (news link: world first, world first, world first!) With the continuous increase of transportation capacity, the pattern of global shipping industry is also quietly changing .
On January 5, 2022, mediterranean shipping company located in Geneva, Switzerland officially surpassed Maersk Group of Denmark and became the world’s largest container liner company . At present, the total capacity of mediterranean shipping has exceeded 4 million TEUs, accounting for 17% of the global container transportation market.
With the rise of freight rates, major shipping companies around the world have been buying for a year. On November 5, 2021, EVA shipping announced that it would order two 24000 TEU ships from Jiangnan Shipyard, each with a price between us $140 million and US $160 million, or about RMB 890 million to 1 billion. It is expected to be delivered within three years.
Kang Shuchun, President of international freight forwarding branch of China Federation of logistics and purchasing: freight has increased, so there is a profiteering period under the current situation. Driven by interests, a large number of shipbuilding and buying ships have increased.
Container manufacturing is also hot. Recently, the person in charge of a large container manufacturing enterprise in Shanghai said that it took six years for their company to realize the first 1 million containers, while it took only two years to break through 5 million containers.
According to the data, there are currently more than 328000 container related enterprises in China. Nearly 78000 related enterprises were newly registered in 2021, a year-on-year increase of 61% . However, with the global booming shipping market, some calm voices also began to appear.
Kang Shuchun, President of international freight forwarding branch of China Federation of logistics and purchasing: the total amount of international trade will reach 12.4 billion tons in 2022. Due to the huge benefits in 2021, many shipping companies are buying ships and shipbuilding, and the number of new orders has increased by 94% to 95%, may become a huge indigestible market in the future.
