Carriers' Q2 2023 earnings shrink by 90% to $3.2 billion

Posted on August 29, 2023   |  

The shipping industry faces profit setbacks as carriers navigate post-pandemic shifts carriers encounter profit challenges, signaling a new phase in the shipping market.

In Q2 2023, carriers combined EBIT fell annually by 90% to $3 billion. 

ZIM and Wan Hai reported operating losses in Q2 2023, marking a significant development.

In Q2 2023, EBIT/TEU figures varied widely among carriers in the second quarter, according to Sea-Intelligence.

Maersk, Hapag-Lloyd, and ONE acquired EBIT/TEU within the 130-300 USD/TEU range.