Five European and Asian container ship operators told the Journal they are preparing profit warnings for the first half or the full year. Newsletter Sign-up Asking not to be named, senior executives at five European and Asian container ship operators told the Journal that their companies are preparing profit warnings for the first half or the full year. Ocean cargo carriers had been hoping for a rebound in business with the easing of the trade showdown between the U.S. and China. “If this continues you will see a sea of red this year. It’s really bad,” said the chief financial officer of a large Asian box-ship company, asking not to be named. A Shanghai broker said at least one container ship that can move more than 20,000 containers left Shanghai for Northern Europe with only 2,000 full containers. “It will pick up more at ports on its way, but […]