Deutsche Post DHL records amazing turnover in second corona year
Last year, logistics concern Deutsche Post DHL recorded more turnover and profit than ever. The growth was due to the increase in world trade. Also more parcels were sent as consumers bought more items via the internet due to the corona pandemic.
The German parent company of the parcel delivery company DHL, active in the Netherlands, expects the logistics market to continue to grow worldwide, but at a slower pace. This expectation does not include the consequences of the war in Ukraine. DHL announced last week that it has suspended its services to Russia. Shipments to and from Ukraine are also not accepted.
DHL benefited most from the increase in international freight traffic last year. That branch of the company grew the fastest. Due to, among other things, shortages of containers and congestion in ports, bottlenecks have arisen in international logistics chains.
Deutsche Post DHL’s turnover increased by 23 percent last year to 81.8 billion euros. A profit of almost 8 billion euros was made on this, before deduction of taxes, among other things. That is 65 percent more than in 2020 and also somewhat more than the company itself estimated in November.
There is uncertainty over the markets reaction on the current geopolitical tensions. The uncertainty is especially in the Black sea. Although the European shortsea market has remained at an elevated level this uncertainty exists. Because of the average rates remained relatively flat in January, ship broker Toepfer is having concerns.
Toepfer noted in their latest report, that the day rates were still high in the European shortsea market. In January 2022, the average rate for 3,200-3,800 dwt vessels stood at €6,940, while 4,800-5,600 dwt vessels were chartered for an average day rate of €9,244. But the rates edged 1.3 percent down from December 2021.
While the rates for 4,800-5,600 dwt vessels remained flat. Compared to January 2021, day rates for 3,200-3,800 dwt vessels were up 105.7 percent while day rates for 4,800-5,600 dwt vessels operating in the European shortsea market have increased 108.3 percent.
“The January income of the European shortsea fleet remains at high levels. It is yet unclear how the market reacts on the current political challenges, especially in the Black Sea. Keeping in mind that Russia and the Ukraine represent about 30 pct of the global wheat trade, significant effects on the supply/demand balance can be expected latest during harvest season,” Toepfer Transport’s report reads.
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Dutch Containers Merchants B.V. specialist in trading, leasing and renting containers
Are you looking for a container? Dutch Containers Merchants B.V. has a large stock of containers for leasing, trading and renting. Please contact us for more information.