Taiwanese carriers reported 3Q 2023 financial results last week with their
earnings decline accelerating in spite of the volume recovery. Aggregating the
liners’ top line breakdown, volume was up 4% QoQ and 2% YoY while unit revenue
was down 11% QoQ and 58% YoY. Interest and liquid investment income have become
a significant addition to the carriers’ bottom lines as their cash balances are
now comparable to the fixed assets on their balance sheets.
Several off the charts data in EMC’s 3Q result