Container Shipping Industry Expected to Remain Profitable Despite Downturn

The container shipping industry experienced a second straight earnings downturn in the fourth quarter of 2022, with net income reaching $34.7 billion, according to John McCown’s latest Container Shipping Sector Quarterly Financial Results report.

This represents a 33.9% decrease from the same quarter in 2021 and a 41.1% decrease sequentially from 3Q22.

The decrease follows seven consecutive quarters of record net income for the sector, peaking in the second quarter of 2022.

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