date:Apr 07, 2023
first liner operator to incur a quarterly loss since rates began normalising from pandemic highs when the Taiwanese company recorded a US$1.3 million net loss in 4Q 2022.
Year-on-year profit increases differed widely among the leading carriers: at the top end Hapag-Lloyd grew operating profits by 66% in 2022, while at the lower end, ZIM, Yang Ming and Wan Hai reported only single-digit increases or, in Wan Hais case, a decline in earnings.
This contrasts with 2021 when the top 10 carriers achi