US retailer Costco has recorded a $93m charge in the fiscal quarter that ended
on 20 November 2022 for the termination of charters for 7 containerships as well
as related equipment leases that it had operated on the Asia to US routes.
The one-off charge will more than erase all the savings that Costco enjoyed
since the company started operating their own ships through an exclusive charter
arrangement with US operator Pasha that started in August 2021. Costco said that
it had shipped nearly 50,