$MAERSK A (+0.88%)
$HLAG (+0.28%)
$ZIM (-0.98%)
#container
A few weeks ago, there were some posts on the topic of shipping companies, mainly triggered by the partly nice or rather high special dividends 🤑
For all those who deal with shipping companies, perhaps a few facts about transshipment and the largest ports in the world are also interesting? Without container ports, global trade would grind to a halt!
When it comes to valuing and estimating the future development of the companies, the data of the ports or their estimates can also be a good indicator, or another source of information to check your own investment case.
Among the top 10 container ports, there are now 8 in China 😳. The "size" of a port is measured by its handling volume in standard containers, so-called TEU. These are Twenty-foot-Equivalent Units, an internationally standardized unit for throughput volume.
The container throughput worldwide will grow to almost one billion TEU by 2024 (Drewry estimate - see link below). (Drewry estimate - see link below). Asia in particular will grow strongly, according to shipping experts. Europe, the second largest region after Asia, will also benefit from the increase in transport volume, but not quite as strongly. Overall, all regions will record an "increase" in container throughput, including the Middle East, North and South America, as well as Africa and Australia with Oceania.
Throughput has been increasing worldwide for years. Compared to 2015 (index = 100), the container throughput index is 20 percent higher worldwide (120.2 in January 2023). It peaked in June 2022 at 126.4.
The current largest ports in the world (volume 2022) are as follows
1. shanghai 47.28 mio TEU
2. Singapore 37.29 mio TEU
3. ningbo-zhou 33.36 million TEU
4. shenzhen 30.04 mio TEU
5. qingdao 25.66 mio TEU
6. guangzhou 24.60 mio TEU
7. busan 22.07 mio TEU
8. tianjin 21.03 mio TEU
9: Los Angeles 19.04 million TEU
10th Hong Kong 16.64 mio TEU
11 Rotterdam 14.46 mio TEU
12: Dubai 13.97 million TEU
13 Antwerp 13.50 mio TEU
14: Port Klang 13.22 million TEU
15. xiamen 12.03 mio TEU
My conclusion: The increasing freight volumes should not be a disadvantage for the major shipping companies! Nevertheless, to date I am not invested in $MAERSK A (+0.88%)
$HLAG (+0.28%)
$ZIM (-0.98%) and Co. Many factors influence the freight rates and thus also the achievable returns. Container rates China-Europe were a few years ago still under 1000USD, these have increased in the Corona crisis by a multiple, now somewhat normalized again, but still very volatile. For me a little too incalculable. But, still remains an interesting area!
Sources:
Drewry - Maritime Research, Consulting and Financial Advisory Services
Online liner shipping solution - Alphaliner
