Earnings of major carriers dropped by 46 percent in late 2022
Q4 provided indisputable evidence that the container market has declined markedly despite several carriers having put forth record results.
Major container carriers’ combined result for primary operations in Q4 last year totaled USD 17.7bn, equivalent to a decline of 46 percent, or roughly USD 15bn, thereby clearly documenting a box market that has turned around after the record-high freight rates of the pandemic, writes consultancy Sea-Intelligence.
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