Have shipping companies issued huge year-end bonuses? The official response has arrived!

2023-09-15
1617
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Author:Wu Shuai
Source: ennews

Due to the impact of the epidemic, several major ports in the United States continue to be congested, and today's shipping market can be described as a hot and cold weather. On one hand, the supply of containers is in short supply, and the rapidly rising shipping costs are weighing down on shippers. On the other hand, shipping companies have become the biggest winners, earning a lot of money. Some people say,2021 is the golden age of the global shipping industry and the darkest year for many foreign trade enterprises.

 

The shipping company has made money, and the welfare of its employees will naturally not be reduced. This year's year-end awards in the shipping industry have also begunRolling up, huge bonuses envy many sellers in the cross-border circle! As early as the end of December last year, there were media reports that Evergreen Shipping distributed year-end bonuses to employees, with an average bonus amount of up to 40 times their monthly salary. Many employees exclaimed, 'I've never seen so much money before!'! After Evergrande Shipping, Yangming Shipping has also decided to increase the bonus for employees, with a bonus of up to 12 times their monthly salary.

 

The year-end award plan for Wanhai Air Transport has been exposed, and the official response has arrived!

 

After the annual awards of Evergreen Shipping and Yangming Shipping were announced one after another, the Wanhai Shipping year-end awards, which are also the three major container companies in Taiwan, have also attracted much attention. Recently, it was revealed that the year-end bonus plan for Wanhai Air Transport is12 times the monthly salary plus 1 million New Taiwan Dollars (approximately 230000 RMB), which is equivalent to 34 times the monthly salary based on the average salary of grassroots employees.

 

According to insiders, Wanhai Air Transport originally set a lower year-end bonus. After the exposure of the high year-end bonus of Evergreen Shipping, Wanhai Air Transport decided to redesign the year-end bonus distribution plan, with a bonus of up to12 times the monthly salary plus 1 million New Taiwan dollars, which is at least 30% higher than before. It has to be said that Evergrande Shipping has really taken a good lead.

 

Is there a shipping company offering a huge year-end bonus when going out to sea? The official response has arrived!

 

Shortly after the announcement of Wanhai Airlines' year-end award plan, the official response from Wanhai came. Its associate and spokesperson, Su Limei, stated that no matter how many rumors are spread outside, the company will not confirm. Because employees' salaries and bonuses are confidential, only employees themselves are aware, and the bonus distribution plan will not be disclosed internally. But the company will definitely treat employees well and use employee performance as the payment standard. At the same time, it also calls on the outside world to stop speculating.

 

Huge year-end bonus for shipping companiesBehind the 'out of the loop' is the most authentic portrayal of the global shipping market. Port congestion, shortage of workers, difficulty in obtaining one container, and soaring shipping prices have naturally led to rising profits for shipping companies.

 

Accumulated revenue52.6 billion yuan,Wanhai Air Transport2021 Perfect Closing

 

Wanhai Air TransportNot long agopublishAnd it'sLatest in 2021achievementinformation,hisDecember consolidated revenuebyNew Taiwan Currency23.252 billion yuan (approximately RMB 5.351 billion yuan), with a monthly increase of 1.55% and an annual increase of 107.17%; Accumulated annual consolidated revenuebyNew Taiwan Currency228.014 billion yuan (approximately RMB 52.474 billion yuan), creatingSet the best record in history.

 Is there a shipping company offering a huge year-end bonus when going out to sea? The official response has arrived!

 

We can see from the data in the above figure that,Although Wanhai Air Transport2021DecemberFractionalPerformance higher thanNovember, butDue toNovember and DecemberMeixiPort congestionSerious, waiting time for vessel to enter portextend,hisDifficulty in providing stable flightsQuantity, resulting in itsPerformance in DecemberundereightMonth,nineMonth andOctobershare.

 

Against the backdrop of continuous congestion at the West Coast port,Wanhai Air TransportWe have also introduced countermeasures, which aretakebusinessCenter of gravity defensetoAsian route layout,Seize the positionFour SeasonsPeak seasonInshoreThe route bringsBusiness opportunities.

 

With the arrival of the New Year, the challenges faced by Wanhai and the shipping industry also come with it.

 

according toWanhai Air TransportaspectRepresents,Recently, due toThe Rampage of Omicron Variants, GlobalUpgrade epidemic prevention measures across AsiaofwharfYeduSuccessivelyIssuedNew regulations,This is formaintainShipping schedule andcrewofDispatchWork has brought a lot of benefitsThe challenge of.

 

Meanwhile, in recent daysSingle day new confirmed cases in the United StatesCases have repeatedly reached new highs,Dock worker labor forceScarcity andwharfOperationsefficiencyReduction has become an inevitable fact.

 

In addition, recently, the South Korean Fair Trade Commission has also23 shipping companies that conspired to increase freight rates were fined. The agency believes that these 23 shipping companies have violated the Fair Trade Law in manipulating the freight rates of multiple routes between South Korea and Southeast Asia over the past 15 years, and has decided to impose a fine of 96.2 billion Korean won on them.

 

Is there a shipping company offering a huge year-end bonus for B2B? The official response has arrived!

 

According to the editor's understanding, this timeThe one who was punished23 shipping companiesThere's something inside12 companiesKoreaLocal shipping companies and11 foreign shipping companies,amongIncluding Goryeo Shipping and Senro Merchant Shipping,as well asWanhai, Yangming, and Evergreen, the "three giants of Taiwan".

 

Wan Hai stated in the document submitted to the Taiwan Stock Exchange that the penalty it should share is approximately10 million US dollars. Although this will not have a significant adverse impact on Wanhai's performance or operations, it stated that it will have further discussions with lawyers in the future to protect the company's rights and interests.

 

Challenges and opportunities coexist, and Wanhai has recently acquired another container ship.

 

Frequent acquisition of ships, Wanhai becoming the world's tenth largest shipping company

 

According to relevant media reports, Wanhai Air Transport is further expanding its capacity scale.

 

On December 29, 2021, Wanhai Shipping announced the acquisition of a 2535TEU regional container ship for $46.5 million (approximately 300 million RMB), with the seller being Lucretia Shipping from Japan. It is understood that Lucretia Shipping currently has three container ships under its umbrella, and the only container ship that meets the description of the Wan Hai announcement is the "ST Ever" built in 2011. Prior to this, the ship was also leased to Evergreen Shipping, one of the "Taiwan Three Giants", in November 2020.

 

In addition, Wanhai Shipping recently announced the leasing of two container ships with similar capacity, with specifications of2741 TEU and 2220 TEU, both with a lease term of about three years and rent of $42.26 million and $43.5 million respectively, are close to the acquisition price announced by Wanhai. In this way, although the cost of acquiring a ship is relatively high, the actual price is not much higher compared to leasing. The three-year leasing price of container ships is close to the acquisition price, which can also be seen from the side that the current maritime market is really "hard to find one ship".

 

Is there a shipping company offering a huge year-end bonus for shipping information? The official response has arrived!

 

In the same month as Wanhai announced its purchase of the ship, the company paid approximatelyA second-hand regional container ship of 1774 TEU was purchased from Bremen Trader Shipping Limited and Sinou Shipping Pte., Ltd. for a price of $39 million, and is expected to be delivered in the second quarter of this year.

 

According to public reportsIn December 2020, Wanhai Shipping announced plans to acquire second-hand ships for $369 million, and has since purchased 12 container ships. In addition, Wanhai Shipping also received 11 new container ships in 2021, with a total capacity of 226400 TEUs. It is expected that this year, Wanhai will spend $888 million (approximately RMB 5.57 billion) on booking containers for shipbuilding and purchasing second-hand ships.

 

Alphaliner data displayWanhai Shipping has become the world's tenth largest container shipping company. The company currently operates under147 ships, including 85 owned ships and 58 leased ships, with a total capacity of over 410000 TEUs.


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