Despite the interference from the National Day holiday, Wanhai’s revenue doubled in October, rising for 7 consecutive months

Wanhai’s consolidated revenue in October was 23.441 billion yuan, a monthly increase of 7.65% and an annual increase of 124.36%. (Provided by Wan Hai)

[Reporter Wang Yihong/Taipei Report] Wanhai’s consolidated revenue in October was 23.441 billion yuan, a monthly increase of 7.65% and an annual increase of 124.36%; the cumulative consolidated revenue in the first ten months reached 159.597 billion yuan, an increase of 35.92% over the same period last year.

Wan Hai pointed out that due to the impact of the National Day holiday in China, the reduction in working days in October caused a slight slowdown in single-month shipments compared with September, and the global shipping market freight rates remained at a relatively high level. In addition, as Asia's short-sea routes enter the traditional peak season, the freight rates of the short-sea routes will continue to rise. Overall, the Shanghai Export Container Freight Index (SCFI) continues to stabilize at a relatively high level, providing strong support for market conditions, driving revenue in October to continue to rise from the previous month, creating seven consecutive months of positive revenue growth, and overall operating performance remains stable.

In terms of route layout, Wan Hai said that in order to continue to deepen the Indian market and further strengthen the Asian regional route network, a new direct route (CI8) connecting Vietnam Haiphong, South China, Malaysia and West India will be added from late November. This route will be operated by container ships with a capacity of 2,800 to 3,000 TEU. This new direct flight service will effectively improve transportation efficiency and air network coverage between the Far East and West India, strengthen regional market service capabilities, and actively meet customers' increasingly diverse freight needs.