{"id":16479,"date":"2022-10-26T09:31:54","date_gmt":"2022-10-26T02:31:54","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&#038;p=16479"},"modified":"2022-10-26T09:31:54","modified_gmt":"2022-10-26T02:31:54","slug":"gtjasvn_hah-equity-report_container-transportation-update","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_hah-equity-report_container-transportation-update\/","title":{"rendered":"GTJASVN_HAH Equity Report_container transportation update"},"content":{"rendered":"<p style=\"text-align: center\"><strong><span style=\"font-size: 16px\"><span style=\"font-family: arial, helvetica, sans-serif\">Hai An Transport and Stevedoring Jsc (HAH <\/span><span style=\"font-family: arial, helvetica, sans-serif\">VN)_Container transportation industry update<\/span><\/span><\/strong><\/p>\n<ul>\n<li style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Container freight rate has reduced dramatically 65% from the top. Charter rates follow the freight rate as demand for container transportation sinks.<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Order \u2013 built vessel will be delivered in late 2023 and 2024, estimated about 28% of current capacity (7.1 million teus will be on the water in next 2-3 years vs current capacity of 25 million teus).<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">HAH\u2019 NPAT will decrease strongly when the chartered vessel renews contract in late 2022 and 2023.<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">It is challenging to estimate the bottom of the freight rate and charter rate in high inflation environment and high possibility of FED\u2019s rate hike in next few quarters.<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">We believe that for recent large investment at high price in vessels team from the last 2 years, the rate of return of HAH will reduce significantly in next few years.<\/span><\/li>\n<\/ul>\n","protected":false},"author":12,"featured_media":0,"template":"","cate_research":[80],"specialized":[],"class_list":["post-16479","research","type-research","status-publish","hentry","cate_research-bao-cao-doanh-nghiep-en"],"yoast_head":"<title>GTJASVN_HAH Equity Report_container transportation update - GTJA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_hah-equity-report_container-transportation-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTJASVN_HAH Equity Report_container transportation update - GTJA\" \/>\n<meta property=\"og:description\" content=\"Hai An Transport and Stevedoring Jsc (HAH VN)_Container transportation industry update Container freight rate has reduced dramatically 65% from the top. Charter rates follow the freight rate as demand for container transportation sinks. 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Charter rates follow the freight rate as demand for container transportation sinks. Order \u2013 built vessel will be delivered in late 2023 and 2024, estimated about 28% of current capacity (7.1 million teus will [&hellip;]","og_url":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_hah-equity-report_container-transportation-update\/","og_site_name":"GTJA","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/gtjai.com.vn\/#website","url":"https:\/\/gtjai.com.vn\/","name":"GTJA","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gtjai.com.vn\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_hah-equity-report_container-transportation-update\/#webpage","url":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_hah-equity-report_container-transportation-update\/","name":"GTJASVN_HAH Equity Report_container transportation update - GTJA","isPartOf":{"@id":"https:\/\/gtjai.com.vn\/#website"},"datePublished":"2022-10-26T02:31:54+00:00","dateModified":"2022-10-26T02:31:54+00:00","breadcrumb":{"@id":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_hah-equity-report_container-transportation-update\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_hah-equity-report_container-transportation-update\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_hah-equity-report_container-transportation-update\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gtjai.com.vn\/en\/"},{"@type":"ListItem","position":2,"name":"GTJASVN_HAH Equity Report_container transportation update"}]}]}},"_links":{"self":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/research\/16479\/"}],"collection":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/research\/"}],"about":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/types\/research\/"}],"author":[{"embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/users\/12\/"}],"wp:attachment":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/media\/?parent=16479"}],"wp:term":[{"taxonomy":"cate_research","embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/cate_research\/?post=16479"},{"taxonomy":"specialized","embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/specialized\/?post=16479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}