This Press Release is a follow-up to the one published on March 21st, where we discussed the 2023-FY results. Here, we will look at the operating profit for just Q4 of 2023. In 2023-Q4, the shipping lines recorded a combined EBIT loss of USD -1.44bn. Maersk (USD -920M), Hapag-Lloyd (USD -252M), ONE (USD -248M), Yang Ming (USD -109M), ZIM (-54M), and Wan Hai (-41M) all recorded EBIT losses in 2023-Q4. Comparing across the same set of shipping lines (minus ONE due to lack of historical reference points, and including Evergreen and HMM, both of whom had operating profits in 2023-Q4) this was the highest combined Q4 EBIT loss in 2012-2023, with the previous highest of USD -455M recorded in 2015-Q4. (....)