Container carrier remain mired in an earnings downturn with EBIT earnings falling by 80 to 90% since the recent peak in the 3rd quarter of 2024. 2nd quarter 2025 EBIT at both CMA CGM and ONE have retreated to levels last seen in 3rd quarter of 2023, with ONE’s EBIT margin barely above breakeven.
Results released by the carriers so far have disappointed relative to expectations. ONE slashed its half-year and full-year EBIT guidance by 20% and 43% respectively. CMA CGM did not issue formal guidan