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Container lines headed for highest profit in eight years

The world's top container lines are on track for a combined double-digit billion-dollar profit on their operations in 2020, which is the highest level in eight years, projects Sea-Intelligence.

Photo: Roslan Rahman/AFP/Ritzau Scanpix

The overall container sector is well on track to deliver a double-digit billion-dollar operating profit for 2020.

For this year, the combined operating profit, EBIT, for the container lines looks set to surpass USD 14 billion, projects Sea-Intelligence. This is a significant improvement compared to 2019, where the industry's operating profit came to USD 5.9 billion, according to the analyst firm.

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