Analyst firm now predicts large profits for container lines

The coronavirus crisis looked to have catastrophic consequences for the container industry early on, but tough discipline on the part of the shipping companies now mean that they are on a trajectory to book bigger profits than last year, assesses Sea-Intelligence.

Photo: AP/Ritzau Scanpix

When the coronavirus crisis broke out in earnest in March, 2020 looked set to be a bit of an annus horribilis for container lines.

But a few months later, that picture is completely reversed for the industry and it is now on a trajectory towards even bigger profits than last year, projects analyst firm Sea-Intelligence, which has now updated its previously gloomy prognosis for the full year.

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