Mainline operators’ operating profit margins fell into negative territory for the first time since 2018, due to losses in 4Q 2023, according to Alphaliner’s report.
On average, these operators’ operating margins stood at -3% in the last three months of 2023, as the Covid-19-fuelled boom ended its run. Six out of the nine largest box lines reported operating losses for the last quarter of 2023.
Only Evergreen Marine Corporation and HMM have reported operating profits, albeit sharply reduced from...