SINGAPORE : After six consecutive quarters of falling profits, container lines rebounded in the first quarter 2024 with rate support from geopolitical disruption. Container line earnings have been on a downward trajectory since the peak of pandemic-induced rate hikes in the second quarter of 2022. The downward spiral brought a net loss across the largest container lines in the last quarter of 2023, and earnings forecasts predicted dire losses for 2024.
Total container line profits in the first quarter 2024 rebounded, however, from a $700m loss in Q4 2023 to a $5 . . .
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