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News / Party definitely over for ocean carriers, despite some strong numbers

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© Igor Zakharevich
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The outlook for ocean carriers is a sharp decline in earnings this year, as average freight rates fall and inflation drives cost increases hitting bottom lines.

Last week, both CMA CGM and Hapag-Lloyd posted record results for 2022 and warned that this year would be very ...

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    CMA CGM financial results Hapag-Lloyd Rates: the eternal tango