Need a quotation?

Dear Customers, if you wish to receive a quotation, we kindly ask you to fill in below form. Once the form has been duly filled and submitted, the rates will be quoted to you.


Skip to Content

Ocean carrier financial figures drop to pre-Covid levels, Sea-Intelligence reports


All major shipping lines that report on their financial figures have recorded sharp year-over-year revenue drops in the third quarter of 2023, according to the latest Sea-Intelligence analysis.

With the smallest contraction being -51.8%, it does sound alarming, but at the same time, we have to remember that the Y/Y comparison is against a period of high rates.

“To counter this volatility, we instead compare 2023-Q3 against 2019 on an annualised basis and see that the contraction in 2023-Q3 is an artefact of the abnormal growth in 2021-2022, and the revenues are now really only dropping down to the pre-pandemic levels,” say Danish analysts.

According to Sea-Intelligence data, after the extraordinary highs of 2021-2022, in the thrid quarter of 2023, we see EBIT/TEU drop in line with the pre-pandemic years.

COSCO has been doing well, recording the largest EBIT/TEU of US$289/TEU, followed by Hapag-Lloyd with US$64/TEU, and HMM with US$52/TEU. Maersk recorded the smallest negative EBIT/TEU of – US$4/TEU, whereas ZIM recorded a significant negative EBIT/TEU of – US$2,625/TEU (with an EBIT loss of US$2.28 billion).

Source: Container News

LIKE0 facebookSHARE Linkedin

Write to Us