The surge in demand for container export capacity has led to a structural shortage of containers. The net profit of relevant leading stocks has increased greatly, and the share price has also risen sharply.
Chinas composite index of container freight rates for export was 1145.67 on November 20, up 3.5% from last week and 36.76% from Mays low of 837.74, according to data from Shanghai air exchange.
Among them, todays Shanghai export container freight index was 1938.32, up 4.36% from last week, setting a new high since the financial crisis in 2008.
According to the financial times, container freight rates have soared in the past few months, mainly due to the surge in demand for trans Pacific routes.
Chen Yang, chief editor of Xinde maritime network, a maritime information consulting service platform, told interface reporters that at the beginning of the year, major analysis institutions had predicted that due to the new epidemic situation, the global demand for container transportation will decline sharply this year, and the consolidation and transportation industry will face huge losses.
But in fact, the United States and other places affected by the new epidemic, people work and live at home, making the demand for home appliances and other products greatly increased.
For example, when buying a large number of goods from Chinas largest shipping company, such as sado Road, the chairman of Wal Mart, Amazon, etc., bought a large number of bread from Chinas largest shipping company, such as sado. The company is transferring ships from other routes to meet the demand on that route.
According to the data of the General Administration of customs, Chinas total import and export value reached 8.88 trillion yuan in the third quarter of this year, an increase of 7.5% year-on-year. Among them, exports reached 5 trillion yuan, an increase of 10.2%, a record high in the quarter.
In addition to the rising demand, another important reason for the rise in container freight rates is the lack of containers, Chen Yang told interface news reporters.
Tianfeng securities research report said that in the overseas epidemic situation has not been limited control, the container turnover speed in the port has been reduced. A large number of containers are exported overseas, and it is difficult to return to China in a short period of time.
According to data from the container exchange platform on November 17, the availability index of Shanghais 40 high containers is 0.22.
The availability index measures the availability of containers according to the ratio of 0:1. If it is greater than 0.5, it means surplus; if it is less than 0.5, it means shortage.
Guangfa Securities research paper said that the current container shortage phenomenon is more serious, resulting in container prices rising high. According to the investor relations data of Triton, the worlds largest container rental company, the average container price has risen to $2500, the highest level since 2013; after deducting steel costs, the net income per container is US $1324.
According to the Research Report of Tianfeng securities, more than 95% of the worlds containers come from China, among which the top three companies are CIMC group (000039. SZ), COSCO Shipping Group and Xinhua Chang Group.
CIMCs container production and sales are the worlds largest, accounting for about 45% of the market share, according to the research paper.
At the end of October, CIMC said in the record of investor relations activities that the demand for container market has increased significantly in recent years, and its container orders have been arranged around the Spring Festival next year.
According to the financial report, in the third quarter, CIMC achieved revenue of 24.16 billion yuan, a year-on-year increase of 27.54%; and realized a net profit of 880 million yuan, an increase of 21 times on a year-on-year basis.
By the end of November 20, CIMCs share price was 15.35 yuan / share, up 5.86%, 124.09% from the low at the end of May.
COSCO Shipping Group is a super large state-owned enterprise directly managed by the central government. According to official website data, as of September this year, the groups fleet has a comprehensive transport capacity of 109.33 million dwt, ranking first in the world.
COSCO Haifa (601866. SH) is a subsidiary of COSCO Shipping Group, which specializes in the supply chain integrated financial services. The companys container manufacturing business has an annual capacity of 550000 TEU, according to its official website.
Last year, COSCO Haifa acquired the container making assets of Shengshi container (00716. HK) with 3.8 billion yuan last year. In the future, this capacity will be injected into COSCO Haifa, which will double its capacity to 1 million TEUs / year, and its market share will leap to the second place in the world.
By the end of November 20, COSCO Haifas share price was 3.15 yuan / share, up 5.7%, about 70% higher than the end of May. The share price of Shengshi container was HK $0.54 per share, up 68.75% from the end of May.
Xinhua Group is also a leading container manufacturer. Its main products and services include international standard container, special container, tank container and container transportation. At present, the group has 900000 international standard containers and 25000 special containers.
Source: interface news Author: Xu Ning, editor in charge: Wang Xiaowu_ NF