As the epidemic continues, port prices rises, and sea freight rates will be "high fever" for two or three years.
Recently, the a-share port sector of Ningbo Port (601018.SH), SIPG group (600018.SH) and Guangzhou Port (601228.SH) experienced A few days ago after the sharp rise in share prices have since fallen, on December 8, some concept stocks continued to rise. This round of port plate shock behind, or with some domestic ports ningbo Port, Port group announced price rises.
Port fees have been low for a long time, and the cost of epidemic prevention is the direct cause of the collective "price adjustment" of port enterprises.
Busy Nansha Port during the 2022 New Year order shipment season
A wave of port price increases emerged
On December 8, the port of Guangzhou in southern China announced an increase in container handling fees, following the announcement by Ningbo Port and SIPG. Guangzhou port announced the foreign trade loading and unloading operations of the port operation dry fees, 20 feet of foreign trade standard heavy container (container loaded with goods) from the original 490 yuan (trailer collection port way) and 540 yuan (water transfer way) to 583 yuan, foreign trade empty container from the original 300 yuan to 357 yuan.
This follows price increases announced by Ningbo Port and SIPG in eastern China a few days ago. On December 1, The Port of Ningbo announced that it will raise container handling fees for foreign trade by 10 percent from January 1, 2022. After the adjustment, the 20-foot general heavy container for foreign trade at Ningbo Port will be adjusted from 490 yuan to 539 yuan, and the 20-foot empty container will be adjusted from 429 yuan to 472 yuan. The price of 40ft ordinary heavy container will be adjusted from 751 yuan to 826 yuan, and the price of empty container will be adjusted from 643 yuan to 707 yuan.
After ningbo port announced the price increase, on December 3, SIPG also announced that the domestic trade transfer 20-foot heavy container from the original 160 yuan increased by 80 yuan to 240 yuan, and will be implemented from January 1, 2022.
Shenwan Hongyuan Securities believes that overseas terminals have achieved an increase in revenue per container. For APM Terminal, a subsidiary of Maersk, revenue per TEU Terminal increased by 10.7%, and EBITDA Margin increased year by year, reaching 18%, 21%, 28% and 32% respectively from 2017 to 2020.
As time goes by, it is expected that ports will increase part of the port operation fee already within the range of market adjusted price according to regional characteristics, price level and market development pattern. Port enterprises have a certain bargaining power, and port fees are expected to continue to rise.