Profit margins of major carriers are now down at pre-pandemic levels

The average operating margin of nine major container carriers reached single digits for the first time in three years. However, there are significant differences between the companies.
China's Cosco Shipping Holdings had the best second-quarter earnings ratio. | Photo: Georg Wendt/AP/Ritzau Scanpix
China's Cosco Shipping Holdings had the best second-quarter earnings ratio. | Photo: Georg Wendt/AP/Ritzau Scanpix

Container shipping companies’ overall profitability took a dive in the second quarter.

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