SIMIC

MAERSK's Q4 volumes were 14 per cent below the same quarter of 2021 and announced a temporary suspension of a transpacific loop, reports London's Loadstar.
HMM reported that its Q4 net profit halved, compared with the same period in 2021, to US$1.1 billion.
Orient Overseas (International) Limited recently published the Q4 operational numbers for its OOCL container line, seeing a 5.6 per cent decline compared with the previous year at 1,746,350 TEU.
Japanese carrier ONE reported its Q4 carryings declined by 10 per cent year on year, while Hapag-Lloyd's fourth-quarter volumes proved the most resilient so far.
OOCL's Q4 revenue slumped 35 per cent on Q4 21, to $3.2 billion, for an average rate of $1,822 per TEU, versus $2,638 the year before.
Weakness in the North American market saw OOCL's liftings on its transpacific services contract 16 per cent, to 401,740 TEU, and revenue slump 43 per cent, to $996 million, while its Asia-Europe liftings were down eight per cent, to 383,249 TEU with revenue falling 46 per cent to $795 million.
For the full year, OOCL's carryings declined six per cent in 2021, to 7,129,358 TEU, but its turnover jumped 19 per cent to $18.7 billion.
OOCL's intra-Asia and Australasia services remained its biggest sector, with liftings last year of 3,329,841 TEU, or 47 per cent of its total, and revenue jumping 20 per cent to $5.4 billion.
South Korean carrier HMM recorded a 35 per cent jump in its revenue last year, compared with 2021, to $14.6 billion.
HMM did not include any volume data in its release. "Unfavourable market conditions are expected to continue due to widespread inflation and weak economic growth, putting pressure on demand," said HMM.
"HMM will seek to secure high-yield cargo, promote cost control and improve operational efficiency."