Shipping Network News, SITC International (SITC,HK1308) released unaudited performance data for the first three quarters of 2022 on October 24.

in the first three quarters of this year, Haifeng International realized operating income of about US $3.238 billion, up 58.9% year on year. Among them, the logistics business realized operating income of US $3.228 billion, up about 60.2% year on year.

in the first three quarters of this year, the container freight volume of Haifeng international container logistics business reached 2.3687 million TEU, up about 5.4% year on year. The average single-box freight (excluding interchange shipping revenue) reached US $1196.2/TEU, up about 54.5% from US $774.1/TEU in the same period in 2021.

In addition, Haifeng Group focused on the logistics business, so in the first half of 2022 to sell dry bulk carriers. In the first three quarters of 2022, the Group's dry bulk and other businesses achieved operating income of US $10.4 million, a year-on-year decrease of 52.9%.

, it is particularly worth mentioning that Haifeng International has successively delivered new ships to replace some of the leased ships in order to maintain long-term cost advantages and ensure the company's sustainable development. On the morning of October 25, 2022, Haifeng International successfully delivered the new ship "Haifeng Shengde" in the 1800TEU container building in Yangzijiang Shipping Industry. So far, Haifeng International has received 16 new container ships from Yangtze River Shipping Industry this year, with a total space of 31200TEU. In addition, Haifeng International holds orders for 30 new ships, totaling 51733TEU. According to the latest Alphaliner data, among the top 100 liner companies in the world, Haifeng International ranks 13th, operating 104 ships and 154500 TEU. Of these, 86 are owned and 18 are chartered, accounting for about 12.9 per cent of their fleet.

Source: Shipping