FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

AI CHAT

Latest topics

» Growing interest for Port City Colombo from potential investors
by Shiranli Today at 12:13 pm

» PROPERTY BUBBLE IS IMMINENT !
by sandamal Today at 12:08 pm

» HOTEL AND TRAVEL SECTOR
by GOSL Today at 10:35 am

» Sri Lanka: Financial Sector Unsoundness Indicators - Q2 of 2023
by DeepFreakingValue Yesterday at 10:38 pm

» LOLC Group: Ready to be the Market Leaders!
by D.G.Dayaratne Yesterday at 6:35 pm

» TRADING SUSPENSION of NHL
by sandamal Yesterday at 11:10 am

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by ashan silva Yesterday at 10:04 am

» LCBF Future
by ErangaDS Sun Sep 24, 2023 9:08 pm

» BUY EAST WEST
by skyfall Fri Sep 22, 2023 12:32 pm

» LAND AND PROPERTY SECTOR
by samansilva Fri Sep 22, 2023 1:36 am

» Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022
by rukshan1234 Thu Sep 21, 2023 10:57 pm

» PACK.NOOO will acquire another corrugated company Pending news
by atdeane Thu Sep 21, 2023 12:44 pm

» Sri Lanka: Movement of Treasury Bill Rates during 2023
by God Father Tue Sep 19, 2023 3:07 pm

» Good news for JAT Holdings- Agreement with China Harbour Engineering Company Ltd
by Anushka Perz Mon Sep 18, 2023 10:09 am

» එන සතියේ ලාභයක් ගන්න හොදයි කියලා හිතෙන කොටස් මොනවද?
by Walbaba Sun Sep 17, 2023 11:37 pm

» Sedora: The AI Assistant for the Colombo Stock Market
by Walbaba Sun Sep 17, 2023 11:31 pm

» Millennial Capital Youtube Channel
by MillennialC Sat Sep 16, 2023 9:46 pm

» EAST WEST PROPERTIES PLC
by soileconomy Sat Sep 16, 2023 7:24 am

» What is the real impact of Sri Lanka’s DDO on the EPF?
by God Father Sat Sep 16, 2023 7:19 am

» Next Super Potrntial Gain ALUM
by Citizen Silva Sat Sep 16, 2023 12:15 am

LISTED COMPANIES

Submit Post
Poll

US$ EXCHANGE RATE PREDICTION 2023

Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_lcap9%Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_rcap 9% [ 26 ]
Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_lcap8%Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_rcap 8% [ 24 ]
Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_lcap16%Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_rcap 16% [ 47 ]
Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_lcap18%Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_rcap 18% [ 51 ]
Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_lcap16%Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_rcap 16% [ 47 ]
Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_lcap25%Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_rcap 25% [ 72 ]
Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_lcap7%Container lines rack up ‘amazing’ $28.6bn profit in Q2 Vote_rcap 7% [ 19 ]

Total Votes : 286

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

Container lines rack up ‘amazing’ $28.6bn profit in Q2

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator

Container lines rack up ‘amazing’ $28.6bn profit in Q2 1

Container lines racked up a staggering $28.6bn in profits in the second quarter of the year a 13-fold improvement on a year earlier.
Marcus Hand | Sep 06, 2021



The McCown Container Results Observer reported that the 11 container lines that publicly report results made profits of $18.44bn. The 11 lines represent 64.5% of the sector in teu capacity and based on the assumption that the lines which do not publicly report had similar per teu results the total profit for the sector in Q2 2021 was $28.6bn.
The “amazing” second quarter 2021 profitability compares to $2.2bn in the same quarter in 2020, which was in line with historical averages. The second quarter profit eclipses the already record breaking first quarter of 2021 profit of $19.1bn by some $9.5bn. In the final quarter of 2020 container shipping made a $9.1bn profit.

Related: Asian container lines report massive surges in H1 profits
“By any and all financials, the 2Q21 results were by far the best actual quarterly performance by the container shipping industry in its history,” the report published by Blue Alpha Capital said.
Revenues for the sector in the second quarter were $88.9bn equating
to net margin of 32.1%. “I never actually expected to see an actual net income to revenue margin of 32.1% for any major container shipping company, let alone for the entire industry,” John D. McCown, the founder of Blue Alpha Capital said.

Related: Long-term container contract rates jump a record 28.1% in July
Placing the staggering Q2 2021 results in some historical perspective McCown notes that it was only the fourth quarter of last year that cumulative five-year sector result went into positive territory. Over the last 22 quarters the net container shipping sector result stands at $54.9bn, on estimated revenues of $1.4trn, generating a net income margin of less than 4% over the period as a whole.


https://www.seatrade-maritime.com/containers/container-lines-rack-amazing-286bn-profit-q2

Share this post on: reddit

Earlier forum members Karuna, Jana, gainer & Teller were posting Post with optimistic contents just before the CSE opened to influence the market investors because they were thinking that their post with optimistic contents, influencing the that day's market participants investment decision,

Now karuna, Gainer & Teller missing but now Samaritan available with big brain  Very Happy Very Happy Very Happy Very Happy

J-CAT wrote:Earlier forum members Karuna, Jana, gainer & Teller were posting Post with optimistic contents just before the CSE opened to influence the market investors because they were thinking that their post with optimistic contents, influencing the that day's market participants investment decision,

Now karuna, Gainer & Teller missing but now Samaritan available with big brain  Very Happy Very Happy Very Happy Very Happy
Purpose is to keep members updated with factual news and to safeguard them from panic mongers like Jolly-Cat.Container lines rack up ‘amazing’ $28.6bn profit in Q2 Icon_lolContainer lines rack up ‘amazing’ $28.6bn profit in Q2 Icon_lolContainer lines rack up ‘amazing’ $28.6bn profit in Q2 Icon_lol

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum