News / Regional growth powered strong 2022 earnings for intra-Asia carriers

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Intra-Asia carriers generally did better last year than in 2021, as cargo volumes and revenue held up, although demand on long-haul lanes began regressing in the middle of the year.

The Loadstar viewed 2022 accounts that South Korea’s 12 feeder operators submitted to the Financial Supervisory Service, and their operating profit was up 41% year on year, to $3.43bn.

The number of feeder operators whose operating profit passed the KRW100bn ($79.18m) mark also increased from five to six: Korea Marine (KMTC), Sinokor, ...