Smaller liner operators are bearing the brunt of losses which are returning to haunt the container shipping sector.

But the container market has not yet returned to a normalised market with operating margins still better than in the pandemic years.

So far, two leading liner operator carriers have posted significant losses in the year-to-date.

On Monday, Israeli liner operator Zim reported a net loss of $58m for the first quarter, although Taiwan’s Wan Hai Lines has fared even worse.