With a year-on-year increase of 53.3%, T.S.Ines released its first annual report after going public
Recently, T.S.INES released its first annual report since its listing on the Hong Kong Stock Exchange in November 2024.
In 2024, T.S.Ines achieved operating revenue of $1.340 billion, an increase of 53.3%. Profit attributable to equity shareholders was $366 million, an increase of 1666.9%.
In 2024, T.S.INES made significant progress in both route expansion and fleet expansion.
In terms of route expansion, during the reporting period, T.S.INES maintained solid growth in the Asian regional market, carrying 1,189,429TEU, an increase of approximately 1.2% year-on-year. In addition, the Trans-Pacific market, East Africa market and Middle East market routes carried 32,944TEU, 68,880TEU and 26,812TEU respectively.
According to T.S. INES, these strategic expansions not only optimize capacity allocation, but also effectively increase market share and overall profitability. Despite the continued fierce market competition, the company continued to ensure business stability through flexible operating strategies and precise market layout, and further consolidated the position of the Asia Pacific market as a core development region.
In terms of capacity, during the reporting period, T.S.INES received a total of eight new vessels, including one 1100TEU, one 2900TEU and six 7000TEU vessels.
According to Alphaliner's statistics, as of March 28, 2025, T.S.INES had an operating capacity of 41 vessels of 99,483TEU, of which 34 owned vessels of 76,046TEU and 7 leased vessels of 23,437TEU, ranking it 21st in the world in capacity.
T.s.ines expects that the growth rate of global container market demand in 2025 will remain at 3% to 4%, but freight rates may fluctuate due to changes in supply and demand and geopolitical influences.
In addition, political developments in the United States may bring further changes, especially on issues such as trade policy toward China, the situation with Russia and Ukraine, and the turmoil in the Middle East. Recent changes in the U.S. government's global strategic layout, such as increasing its influence in Greenland, the Panama Canal and the Suez Canal, and strengthening economic integration in North America, could have a profound impact on the stability of the global shipping market.
Looking ahead to 2025, T.S.INES said it will continue to optimize route layout, deepen supply chain integration, and flexibly adjust operational strategies to respond to market changes. At the same time, it will promote long-term sustainable growth and maintain its competitive edge in regional and global markets.
In 2024, T.S.Ines achieved operating revenue of $1.340 billion, an increase of 53.3%. Profit attributable to equity shareholders was $366 million, an increase of 1666.9%.
In 2024, T.S.INES made significant progress in both route expansion and fleet expansion.
In terms of route expansion, during the reporting period, T.S.INES maintained solid growth in the Asian regional market, carrying 1,189,429TEU, an increase of approximately 1.2% year-on-year. In addition, the Trans-Pacific market, East Africa market and Middle East market routes carried 32,944TEU, 68,880TEU and 26,812TEU respectively.
According to T.S. INES, these strategic expansions not only optimize capacity allocation, but also effectively increase market share and overall profitability. Despite the continued fierce market competition, the company continued to ensure business stability through flexible operating strategies and precise market layout, and further consolidated the position of the Asia Pacific market as a core development region.
In terms of capacity, during the reporting period, T.S.INES received a total of eight new vessels, including one 1100TEU, one 2900TEU and six 7000TEU vessels.
According to Alphaliner's statistics, as of March 28, 2025, T.S.INES had an operating capacity of 41 vessels of 99,483TEU, of which 34 owned vessels of 76,046TEU and 7 leased vessels of 23,437TEU, ranking it 21st in the world in capacity.
T.s.ines expects that the growth rate of global container market demand in 2025 will remain at 3% to 4%, but freight rates may fluctuate due to changes in supply and demand and geopolitical influences.
In addition, political developments in the United States may bring further changes, especially on issues such as trade policy toward China, the situation with Russia and Ukraine, and the turmoil in the Middle East. Recent changes in the U.S. government's global strategic layout, such as increasing its influence in Greenland, the Panama Canal and the Suez Canal, and strengthening economic integration in North America, could have a profound impact on the stability of the global shipping market.
Looking ahead to 2025, T.S.INES said it will continue to optimize route layout, deepen supply chain integration, and flexibly adjust operational strategies to respond to market changes. At the same time, it will promote long-term sustainable growth and maintain its competitive edge in regional and global markets.
