Wan Hai holds off Maersk to become the most profitable container line
Wan Hai takes the plaudits with carriers' operating profit margins according to Alphaliner’s survey of the 16 main carriers that published full year financial results for 2015. The report shows that, Wan Hai is the most profitable container line, based on operating profit margins, at 6.3%; followed by Maersk Line at 6%, CMA CGM at 5.8% and OOCL at 5%, the company said in its press release.
Alphaliner’s report indicates that, while the fall in bunker prices initially boosted the carriers’ financial performance, this effect was rapidly eroded when shipping lines forcibly passed all these cost savings on to shippers through over-supply vessels, recession and lower freight rates, the negative trend has continued into 2016.
Wan Hai said that, in spite of challenging market conditions, the company continues to be at the leading edge of intra-Asia market by strictly controlling the liner schedule to ensure container service punctuality, offering most comprehensive and intensive shipping network and enhancing all aspects of customer service efficiency, therefore, Wan Hai has consistently remained EBIT [earnings before interest and tax] at about 6% above industry average since 2010.
