Shipping: Stocks fall, revenue rises to a record

Container shipping shares have dropped significantly since March to double digits, yet ocean carriers are still posting record or near-record revenue.

Cosco said it expects a net profit for the first half of 2022 of 64.7 billion yuan ($9.7 billion), up 74 percent year-on-year.

OOCL's worldwide average revenue per TEU grew 61.5% to $2,874 in the second quarter of 2022. Transpacific revenue per TEU jumped 97.6% year-on-year back to $4,365.

Evergreen just announced its June operating revenue; Q2 2022 hits a new all-time high of $175 billion in new Taiwan dollars ($5.9 billion). The rate increased rapidly throughout the quarter. June with the highest monthly sales in Evergreen's history: new NT$60.2 ($2 billion).

The analyst also forecasts Maersk earnings before interest, taxes, depreciation and amortization will hit $10.4 billion in the second quarter of 2022, beating the previous record of $9.1 billion in the first quarter. . Hapag-Lloyd's Q2 2022 EBITDA forecast is $4.9 billion, well above first-quarter levels.