News / Further weakness drives service suspensions, as carriers report declines

© Julia Burlachenko

Maersk’s Q4 volumes last year were 14% below the same quarter of 2021 – the worst performance of all the carriers that have reported to date – and today it announced the “temporary suspension” of a transpacific loop.

Today HMM reported that its Q4’s net profit halved, compared with the same period of 2021, to KRW1.4bn ($1.1bn).

On Friday, Orient Overseas (International) published the Q4 operational numbers for its OOCL container arm, which noted a 5.6% decline in its liftings, compared with ...