Sea Intelligence has reported significant revenue losses for the liner trade across the board, pointing out that the smallest margin of decreased earnings reported year-on-year (y-o-y) was -51.8%.
The container shipping research and supply chain advisory factored the earnings boom of 2022 into its data calculations by looking at pre-Covid data, thereby avoiding the post-pandemic rebound of the shipping industry.
The astounding profits made last year as carriers absorbed overflow demand from a world coming out of lockdown restrictions, has dropped all the way to normal levels seen in 2019, Sea Intelligence said.
Earnings before interest and taxes per TEU are now at the same levels they were before the tumult of the coronavirus.
