Carriers earnings turned around from the losses in 4Q 2023 but EBIT earnings are still down YoY except for the carriers with higher spot and long-haul exposure. Aggregate average EBIT margin reached 8% with Asian carriers outperforming their European counterparts, apart from the Intra-Asia focused Wan Hai and contract heavy ONE which posted below-average results. Zim is the last carrier to publish its 1Q results which is due on 21 May 2024. Aggregated results for 9 carriers : CMA CGM, COSCO, E