Tag: shipping lines


Largest shipping lines hit “a whooping” $80 billion profit so far this year

December 3, 2021

Via: Offshore Energy

As informed, all global shipping lines saw revenues increase substantially as a consequence of the record-high freight rates. In terms of EBIT, the companies made $37.24 billion in operating profit in the third quarter of 2021 alone. Combined with the […]


Container lines are poised to hit a $100 billion profit jackpot

July 6, 2021

Via: FreightWaves

All the experts said spot ocean rates would pull back in the second half. The second half has now begun. Not only are spot rates not falling, they’re still rising. Much higher H2 spot rates than expected, combined with double-digit […]