Yang Ming reported this morning (10th Mar) FY2022 earnings plus large dividend
pay-out. But what may have gone unnoticed today is that Evergreen also reported
Feb 2023 top line overnight (9 Mar), being the earliest of any container liner
financial reports. Evergreen's Feb revenue in USD terms fell 68% YoY and 28%
MoM. Combining January and February, the two-month aggregate revenue fell 63%
YoY. As the liners did not make over 60% operating profit margin in 1Q 2022,
over 60% fall in revenue means