Carriers suffered a $15 billion loss in profits in Q4 2022

Carriers suffered a $15 billion loss in profits in Q4 2022

Posted on April 10, 2023   |  

In the fiscal year 2022, the shipping industry saw a combined EBIT of $138 billion, except for CMA CGM, MSC, and PIL despite this, the shipping market exhibited signs of decay.

These shipping lines were unable to grow their EBIT. 5 carriers saw a Y/Y EBIT decline between $1-2 billion, and 3 carriers saw a decline of over $2 billion which declined Y/Y EBIT by 46% or $15 billion.

The bigger carriers kept their EBIT/TEU levels similar to those of Q4 2021 but the smaller carriers couldn't replicate the same levels.



Previous Next

Help us by filling out this quick price survey

A PHP Error was encountered

Severity: Warning

Message: Trying to access array offset on value of type null

Filename: layouts/market_data_layout.php

Line Number: 124

Backtrace:

File: /var/www/html/application/views/layouts/market_data_layout.php
Line: 124
Function: _error_handler

File: /var/www/html/application/hooks/secDisplay.php
Line: 50
Function: view

File: /var/www/html/index.php
Line: 332
Function: require_once

A PHP Error was encountered

Severity: 8192

Message: trim(): Passing null to parameter #1 ($string) of type string is deprecated

Filename: layouts/market_data_layout.php

Line Number: 124

Backtrace:

File: /var/www/html/application/views/layouts/market_data_layout.php
Line: 124
Function: trim

File: /var/www/html/application/hooks/secDisplay.php
Line: 50
Function: view

File: /var/www/html/index.php
Line: 332
Function: require_once

https://www.timber.exchange/global-timber-pricing-survey?u=5d4d25b68d457055a0c69ccc3ff45b2c1764300439a0daceeb99aab6e7f89a8c10f2a60c063f6f508b153009b97bde33c60504e233e47123cdc1b722b871cefbI5X2gFDSTRhQE9pMw4cN48h1KBt8l1IvFoqtLUXSS3w%3D" class="survey-banner-link" id="bannerLink" target="_blank"> Take Survey