The major carriers have reported a combined 2024-Q3 EBIT of USD 17.06bn, which is a 600% increase Y/Y – the Y/Y increase is discounting ZIM who reported a one-time non-cash impairment loss of USD 2.06bn in 2023-Q3; including this figure would over-inflate Y/Y growth for 2024-Q3. This is on the back of a USD 6.12bn EBIT in 2024-Q2. Of these 9 reporting carriers, 8 have reported EBIT of over USD 1bn, of which 3 have reported EBIT of over USD 2bn. COSCO had the highest 2024-Q3 EBIT of USD 4.71bn. Even with the highest EBIT, COSCO did not have the highest EBIT/TEU as they also grew their global volumes by 10.8%. Their EBIT/TEU of 716 USD/TEU was surpassed by ZIM’s EBIT/TEU of 1,273 USD/TEU. COSCO was followed by ONE (567 USD/TEU), and Maersk (446 USD/TEU). (....)