A bright future for maritime transport.

Recently, sea freight rates have increased at times, helping shipping companies, especially those operating container ships, achieve positive business results.

At the end of the third quarter of 2024, the consolidated financial report of Vietnam Maritime Corporation ( VIMC ) recorded a significant increase in business performance compared to the same period in 2023.

The company's net revenue from sales and services reached over VND 4,094 billion, an increase of 26.6%. After-tax profit in the quarter increased sharply by over 62%, reaching over VND 603.1 billion. For the first nine months of 2024, VIMC achieved an after-tax profit of over VND 2,242 billion, an increase of over 76% compared to the same period last year.

VIMC and its member companies are taking advantage of various market opportunities to increase revenue (Illustrative image).

According to VIMC, in 2024, the global economic landscape will be volatile, with inflation remaining high in many countries and geopolitical conflicts becoming increasingly complex. The shipping industry will face pressure to minimize carbon emissions and reduce emissions.

At the same time, the conflict between Israel and Hamas led to tensions in the Red Sea. A shortage of empty containers and congestion at some Asian ports also impacted maritime transport.

In this context, VIMC and its member companies have taken advantage of many opportunities, aiming to maintain market share and increase revenue beyond traditional activities.

Therefore, in Q3/2024, pre-tax accounting profit reached VND 731 billion, equivalent to 156% compared to the same period last year, and pre-tax profit for the first nine months of this year reached VND 2,640 billion, equivalent to 167% of the performance in the first nine months of 2023.

Recently, with developments in the global geopolitical situation, sea freight rates have been on an upward trend, offering promising opportunities for shipping companies.

Currently, data from the Drewry Maritime Market Research platform shows that the Drewry WCI composite index has increased 4% to $3,213 per 40-foot container, 126% higher than the 2019 (pre-pandemic) average of $1,420. Prior to that, in July 2024, the Drewry WCI composite index briefly reached over $5,800 per 40-foot container.

As one of the "giants" in the maritime industry, Gemadept Joint Stock Company achieved positive business results.

The company recorded a net profit after tax of over VND 335 billion in the third quarter of 2024 for the parent company, an increase of nearly VND 81 billion compared to the same period last year.

According to Gemadept, the main reason for this business performance comes from increased gross profit in port operations and logistics, with the remainder coming from increased profits from joint ventures and affiliated companies.

Despite an increase in after-tax profit in the quarter, Gemadept's cumulative after-tax profit for the first nine months decreased by VND 882 billion compared to the same period in 2023, reaching nearly VND 1,225 billion. The main reason stems from differences in profit and scale of capital transfer transactions.

Hai An Transport and Stevedoring Joint Stock Company also recorded positive profits in the third quarter. After putting three newly built container ships into service, along with increased transport volume and freight rates, Hai An achieved a significant increase in profits compared to the same period last year at the end of the third quarter of 2024.

This company achieved net revenue of over VND 1.128 billion, an increase of 65.63% compared to the same period in 2023. Consolidated after-tax profit of the parent company in the third quarter increased by 88.51% compared to the same period in 2024, reaching over VND 199.2 billion.

For the first nine months of 2024, Hai An recorded after-tax profit of the parent company reaching over VND 370.3 billion, an increase of more than 15% compared to the same period last year.

Hai An explained that putting the three ships into operation increased the number of ships the company leases. Simultaneously, the increase in charter rates in the third quarter significantly boosted the company's revenue. Furthermore, the Zim-Hai An shipping consortium began making a profit in the second quarter of 2024, with strong growth in the third quarter, and the increase in transport volume led to a corresponding increase in port operations and revenue.

Source: https://www.baogiaothong.vn/cua-sang-cho-van-tai-bien-192241102135743892.htm