Wan Hai, Yang Ming, and Evergreen Marine, the top three container carriers in Taiwan, have all posted profits for the first quarter of 2015.
Wan Hai recorded a profit of TWD2.07 billion (USD68.13 million) for the period, a more than 200% jump in its profit for the same period last year (TWDO.65 billion), and its earnings per share (EPS) was TWD0.93. The Taipei-based carrier’s first quarter revenue was TWD17.2 billion, up 16.3% year on year (y/y).
Yang Ming’s revenue for the quarter totalled TWD33.2 billion, rising 17.4% y/y, and its operation cost climbed only 11.1% y/y, resulting in a gross profit TWD1.9 billion, 17-times more than last year. Its net profit was TWD304 billion, marking a return to the black from a loss of TWD1.56 billion in the first quarter of 2014. The carrier’s first quarter EPS was at TWD0.09.
Evergreen posted revenue of TWD35.3 billion for the first quarter of 2015, up 2.86% y/y. Benefiting from bunker prices dropping 6.8% from the same quarter last year, it recorded gross profit of TWD3.2 billion. The Keelung-based carrier’s net profit was TWD1.5 billion, compared with a loss of TWD1.7 billion in the first quarter of 2014.
Yang Ming has shipped a total of 924,000 teu for the first quarter of 2015, up 8% from the 852,000 teu in the same period last year, and it plans to charter 15 14,000 teu carriers this year, which is expected to further cut its operation cost per unit. Yang Ming also plans to open services to the west and east coast of South America, another service to the Middle East, a new service from Japan to Thailand, as well as a second service to Yangon, Myanmar.
Evergreen is eyeing the growing demand from the ASEAN countries, and has so far opened two new services to Southeast Asia within one month. The carrier also expects better performance from its services to North America.