Container shipping stocks are down double digits since March, yet ocean carriers are still posting record or near-record results. Several Asian liner companies have just released preliminary revenues and profits for Q2 2022 as well as monthly operating data through June.
Despite pessimistic sentiment on stocks, the numbers are still huge.
Cosco
China’s Cosco, the world’s fourth-largest liner group, said Wednesday that it expects net profit for the first half of 2022 of 64.7 billion yuan ($9.7 billion), up 74% year on year (y/y).
