Independent journal on economy and transport policy
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Regional Container Lines records annual financial results and record quarterly results
The company orders two new 7,000-teu container carriers in Shanghai Waigaoqiao Shipbuilding
February 25, 2022
The Thai containerized shipping company Regional Container Lines (RCL) has archived 2021 with financial performance ever reached earlier in its history. The annual financial year shows revenues of 38.9 billion baht (1.2 billion), with an increase of +122,8% on 2020, of which 38.0 billion baht from the goods transport business (+ 120.9%). Operating costs increased by 34.7% to 20.9 billion baht. The operating profit amounted to 18.0 billion baht (+ 816.9%) and net profit to 18.0 billion baht (+ 929.8%).
For RCL, the fourth quarter of 2021 was the most positive period of the year in which the highest quarterly financial results were recorded, starting with revenues of 14.5 billion baht, up +179,2 percent. on the corresponding quarter of the previous year, of which 13.7 billion generated by the freight business (+ 168.0%). Operating costs amounted to 6.4 billion baht (+ 63.4%), operating profit to 8.1 billion (+ 531.5%) and net profit to 8.1 billion baht (+ 544.1%).
RCL said that in the fourth quarter of 2021 its fleet of container carriers recorded a 10% percent increase in the volumes of truckloads being transported that were found to be around 585mila teu, for a total close to 2.2 millions of teu carried in the whole of 2021, with a progression of about 7% on the previous year.
Meanwhile, the Thai company said it would buy two new 7,000-teu container carriers. The ships will be built by the Chinese shipyard Shanghai Waigaoqiao Shipbuilding that will deliver them in October 2024 and May 2025. The overall investment will amount to 170 million.
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The Thai containerized shipping company Regional Container Lines (RCL) has archived 2021 with financial performance ever reached earlier in its history. The annual financial year shows revenues of 38.9 billion baht (1.2 billion), with an increase of +122,8% on 2020, of which 38.0 billion baht from the goods transport business (+ 120.9%). Operating costs increased by 34.7% to 20.9 billion baht. The operating profit amounted to 18.0 billion baht (+ 816.9%) and net profit to 18.0 billion baht (+ 929.8%). 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
