At the end of 2021, Evergreen Shipping did something inhumane:

It is said that on the morning of December 30, 2021, many employees of Evergreen Shipping were stunned when they opened their bank accounts, and even thought they were mistaken because they saw numbers they had never seen before——

Their year-end bonus, with a minimum of 35 months, is approximately NT $1.5 million (approximately RMB 340000); More for 40 months, up to NT $2.5 million (approximately 570000 RMB)!

The employee exclaimed, "I've never seen so much money in my life

The official explanation from Evergreen is that everyone's situation is different and they will be distributed based on their performance.

As a result, Yangming Shipping, also a shipping company in Taiwan, China Province, seems a little "stingy" - their year-end bonus is only 8 months' salary. Why do I use 'talent' here? I don't have the qualifications

Their employees immediately felt imbalanced, so on January 14, 2022, Yangming Shipping adjusted the year-end bonus plan in a timely manner. "Considering the level of year-end bonus payment in the same industry and the mood of colleagues, the originally planned performance bonus was 8 times the monthly salary and increased by 4 months, totaling 12 months of performance bonus and one month of fixed year-end bonus.

So, if we add in the mid 2021 employee bonus, it is estimated that at least 15 or 16 times the monthly salary can be paid. It is expected that the total bonus for Yangming Shipping employees in 2021 is expected to reach 30 times the monthly salary.

In addition, the board of directors of Yangming also approved a salary increase plan of approximately 4% for all employees in the new year, which is the first comprehensive salary increase and performance bonus payment by Yangming Shipping in nearly 10 years.

The chairman of Yangming said, "In terms of annual salary, he has definitely not lost to his peers.

The shipping company is really making a lot of money in 2021.

In mid December 2021, the French shipping company Daffy Group announced that it would distribute year-end bonuses equivalent to eight weeks' wages to employees and sailors, with an estimated total expenditure of approximately 4 million euros. According to the third quarter results of 2021 released by DaFei, the shipping department's revenue reached $12.5 billion, an increase of 101% compared to the same period in 2020.

Maersk distributed a Christmas bonus of $1000 per person. In November 2021, Maersk, the world's largest shipping giant, released its third quarter financial report, with a revenue of $13.093 billion in the shipping business, far exceeding the $7.118 billion in the same period of 2020. On January 14th, Maersk estimated that the actual profit for the previous year would reach $24 billion (approximately RMB 152.5 billion).

Herbert Roth, the world's fifth largest shipping company, achieved a net profit of $6.7 billion in the first three quarters of 2021, exceeding the company's total profit for the previous five years.

And the net profit of China COSCO Shipping in the first three quarters of 2021 reached its highest point since its establishment -69.59 billion yuan, which is almost twice the total net profit of COSCO Shipping since 2002.

In October 2021, shipping consulting firm Drury predicted that global container shipping companies are expected to achieve a pre interest and tax profit (EBIT) of $150 billion by 2021, which is at least five times the historical record.

In fact, Drury initially predicted that the total annual revenue of global shipping companies would reach $35 billion, and in July, this number was raised to $80-10 billion; In October, as freight rates continued to soar, Drury raised his forecast again to $150 billion, proving the astonishing rate of interest rate hikes in the shipping market.

In addition, due to the normal congestion faced by global ports and supply chains during the pandemic, the consolidation market has experienced tight space and container usage. The market's demand for newly manufactured containers continues to be strong, and the container manufacturing business revenue of CIMC Group, a leading A-share shipping company and global container supplier, has significantly increased year-on-year. In the first three quarters of 2021, CIMC Group achieved revenue of 118.242 billion yuan, an increase of 85.94% year-on-year; Realized a net profit of 8.799 billion yuan, a year-on-year increase of over 11 times.

Another one that has "made a profit" in the foreign trade industry chain is the Suez Canal.

It received "road money", so last March, the "Changci" of Evergreen blocked its river channel, causing Egyptians to feel that the sky had collapsed, the money tree had fallen, and the economic lifeline had been cut off!

This is not an exaggeration, as the revenue from the canal is one of the main sources of Egypt's national fiscal revenue and foreign exchange reserves. Egypt claims that the canal is blocked, causing them to lose $12 to $15 million in daily income.

So they spared no cost and spent a week dragging out the long ship, and even one employee died during the salvage operation.

On January 2nd, it was reported that Osama Rabie, Chairman of the Suez Canal Authority, stated that in 2021, approximately 1.27 billion tons of goods were transported through the canal, earning a toll of 6.3 billion US dollars (approximately 40 billion yuan), an increase of 13% from 2020 and the highest number on record.

The Suez Canal Authority (SCA), which has tasted the sweetness, has stated that it will increase ship tolls by 6% in 2022.

According to the predictions of the International Monetary Fund and the World Trade Organization, the world trade volume will continue to grow in 2022, with an increase in maritime demand and a rapid increase in the profits of shipping companies.

At this point, I'm a bit unsure who I'm working for

(Source: Michael Tan Cross border)