In early October, COSCO subsidiary OOCL report good Q3 2022 results. This, even though the company had seen volume declines on two major routes.
Well, another entity, Ocean Network Express (ONE) - a grouping of Japanese container companies reported their July-Sept 2022 quarterly earnings (Q2 for ONE)
Surprise! … $5.5B in profits. Also, August & September did experience a “sudden decline”