Just how much did MSC's Aponte's box business make last year?
- Author:Lian
- Source:sofreight.com
- Release Date:2023-04-13
Just how much did MSC's Aponte's box business make last year?
SWITZERLAND's richest man Gianluigi Aponte, the founder of Mediterranean Shipping Co (MSC), saw his net worth grow by US$14.4 billion in the 12-month period through to March 10, according to Forbes magazine.
The 82-year-old is placed in joint 43rd on the Forbes billionaires index with his wife, Rafaela, both with an estimated net worth of $31.2 billion each.
Originally hailing from Naples, the secretive Apontes, who keep the financial results of Geneva-based MSC private, are reportedly three times as wealthy as the second-placed family in the latest rich list compiled by local media in Switzerland.
As to how much MSC actually made last year, analysts at Sea-Intelligence have run the numbers on the container side of the business for Singapore's Splash 247.
Liner shipping, in which MSC has a leading 18.2 per cent global market share, made a collective record earnings before interest and taxes (EBIT) of $220 billion last year, according to Sea-Intelligence estimates.
"The major carriers that publish EBIT have a strongly correlated - r-squared of 90 per cent - relationship between the size of their fleet and EBIT, and if we assume that this relationship also holds for MSC, then their 2022 EBIT would be $36 billion," said Sea-Intelligence CEO Alan Murphy.
The $36 billion figure does not cover MSC's cruise business. Putting the number in perspective, MSC's liner business made three times as much in EBIT as online retailer Amazon last year.
Moreover, despite plenty of doom and gloom headlines circling the liner industry in Q1, the billions could keep piling up for the Apontes this year.
John McCown, whose Blue Alpha Capital quarterly liner profit reports have become essential reading during box shipping's record earnings run since 2020, has forecast liner shipping will make a combined net income this year of $43.2 billion on revenues of $327 billion.
While this would mark an 80 per cent drop over last year's record profits, it would still prove to be another sensational year of earnings, helping to explain the continued amassing of tonnage by carriers led by MSC in the first three months of 2023.
The EBIT liner shipping made in the three years - 2020, 2021, and 2022 - are more than the combined profits of the previous 63-year history of container shipping, according to Sea-Intelligence.
SWITZERLAND's richest man Gianluigi Aponte, the founder of Mediterranean Shipping Co (MSC), saw his net worth grow by US$14.4 billion in the 12-month period through to March 10, according to Forbes magazine.
The 82-year-old is placed in joint 43rd on the Forbes billionaires index with his wife, Rafaela, both with an estimated net worth of $31.2 billion each.
Originally hailing from Naples, the secretive Apontes, who keep the financial results of Geneva-based MSC private, are reportedly three times as wealthy as the second-placed family in the latest rich list compiled by local media in Switzerland.
As to how much MSC actually made last year, analysts at Sea-Intelligence have run the numbers on the container side of the business for Singapore's Splash 247.
Liner shipping, in which MSC has a leading 18.2 per cent global market share, made a collective record earnings before interest and taxes (EBIT) of $220 billion last year, according to Sea-Intelligence estimates.
"The major carriers that publish EBIT have a strongly correlated - r-squared of 90 per cent - relationship between the size of their fleet and EBIT, and if we assume that this relationship also holds for MSC, then their 2022 EBIT would be $36 billion," said Sea-Intelligence CEO Alan Murphy.
The $36 billion figure does not cover MSC's cruise business. Putting the number in perspective, MSC's liner business made three times as much in EBIT as online retailer Amazon last year.
Moreover, despite plenty of doom and gloom headlines circling the liner industry in Q1, the billions could keep piling up for the Apontes this year.
John McCown, whose Blue Alpha Capital quarterly liner profit reports have become essential reading during box shipping's record earnings run since 2020, has forecast liner shipping will make a combined net income this year of $43.2 billion on revenues of $327 billion.
While this would mark an 80 per cent drop over last year's record profits, it would still prove to be another sensational year of earnings, helping to explain the continued amassing of tonnage by carriers led by MSC in the first three months of 2023.
The EBIT liner shipping made in the three years - 2020, 2021, and 2022 - are more than the combined profits of the previous 63-year history of container shipping, according to Sea-Intelligence.