On average, the shipping lines recorded EBIT/TEU of 330 USD/TEU in 2023-Q1
There were indications of a weakness in the market in the second half of 2022, which has manifested fully in 2023-Q1. Revenues declined quite sharply, in the range of 35%-70% Y/Y.
In terms of EBIT, there was a stark difference for 2023-Q1 versus the previous two years. Overall, 2023-Q1 EBIT was USD 7.00bn versus a staggering USD 43.93bn in 2022-Q1, and even lower than the USD
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