In 2021, EMC Evergreen Shipping will use its 40-month fantasy year-end bonus to create a wave of presence, and the industry will cast envious eyes. This incident will also further increase the exposure of the Evergreen brand.
It’s the end of the year again, and it’s Evergreen again. Have you already said in your heart: I want to go to grow honor
2022 is coming to an end, the industry has speculated that to Evergreen Shipping may increase the year-end bonus to 60 months or more! It is reported that on this Friday, the answer will be revealed soon.
Currently, Evergreen has not announced its 2022 full-year financial report, but according to the analysis of previous financial report data, Evergreen’s after-tax net profit in the first three quarters of this year reached NT$304.4 billion, and the full-year profit in 2021 was NT$239 billion , this year's numbers are even more astonishing. Even though the shipping market has shown various signs of weakness since the second half of this year, the industry believes that Evergreen Shipping will still deliver a perfect report card. According to this, industry people said that this year Evergreen Shipping will distribute 60 months or more "explosive" year-end bonuses.
Evergreen’s other two brothers, Yangming Shipping and Wanhai Shipping , are reported to distribute year-end bonuses in January next year. Based on the year-end bonus situation of the two companies last year, industry insiders speculate that Yangming Shipping’s year-end bonus amount this year may be between 12 and 14 months; last year's level.
Recently, there is news that CMA CGM CGM announced that it will provide a special year-end bonus of 10 weeks’ salary to all its employees this year.
It is understood that the target of the CMA CGM’s special year-end bonus this time will include all sailors of the CMA CGM fleet , which means that the CMA CGM fleet’s seafarers have the same year-end bonus as other employees of CMA CGM, which is 10 weeks salary.
In 2021, CMA CGM's year-end bonus is 8 weeks' salary. This year's year-end bonus is 10 weeks, more than last year, indicating that CMA CGM will make more profit in 2022 than last year. This also shows that when the market conditions are not good, powerful shipping companies still have strong earning power.
It is reported that CMA CGM should be the first shipping company to announce year-end awards to crew members.
CMA CGM Q3 performance
Q3 2022 revenue of $19.9 billion, driven primarily by ocean freight.
EBITDA reached USD 9.15 billion, and EBITDA profit margin was 46%.
As of September 30, 2022, net debt totals $78m (after accounting for current financial investments), a decrease of $5.3bn from June 30, 2022.
Q3 2022 volume was 5.7 million TEUs, year-on-year growth 4.1%. Ocean freight revenues were $15.7 billion, up 25.8% year-over-year but down 2% quarter-over-quarter, reflecting lower spot freight rates that began in the second quarter and continued into the third quarter. EBITDA for the third quarter was $8.65 billion. Average revenue per TEU of US$2,771 for the period supported year-over-year growth in EBITDA margins, with quarterly EBITDA down 5% quarter-on-quarter.
Logistics revenue totaled $4.34 billion in the third quarter of this year, with an EBITDA of $359 million. growth is mainly driven by sea freight and air freight activities, contract logistics business continues to pick up. The acquisitions of Ingram Micro CLS, Colis Privé and GEFCO also boosted the division's revenue and EBITDA growth. The latter completed the acquisition in late July, contributing $750 million to logistics revenue for the period.
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