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Full year revenue was down 60% at $7.5 billion, liftings up marginally

Average freight rate down 67% to $943/TEU from $2,885/TEU in Q32022.

"Severe congestion around the network drove down liftings by 5.6 percent to 1.8 million TEUs.”

Company has ordered 10 new 16,000 TEU vessels for delivery in 2024 and 2025.