Cosco bucks the trend as container line profits hit $8.9bn in Q2

The second-quarter results of the major container lines were significantly down from the year before, but nonetheless the stronger carriers still recorded huge profits.

According to John McCown’s analysis, based on the lines that report their financials and taking an average for the carriers that do not, the industry achieved a Q2 cumulative net profit of $8.9bn.

This compares with the all-time record $63bn profit for Q2 22, at the height of the post-pandemic demand boom.

The carrier with the best bottom line, ...