Container lines' operating margins soar to decade-high

On the whole, the world's biggest container shipping lines increased their operating margins to the highest level since 2010 in the third quarter, writes Alphaliner. A combination of high freight rates and low fuel prices have helped matters.

BY SØREN PICO

Published: 02.12.20 at 10:02

2020 has proved to be a very favorable year for the world's container shipping lines, which have all more or less been able to raise their operating margins in the third quarter to the highest level seen in a decade, writes analyst firm Alphaliner.

Alphaliner points to a combination of high freight rates out of Asia and lower costs, particularly related to fuel costs, as the reason why the average operating market grew to 14.8 percent in the quarter. This is the highest level achieved in a decade.

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Container vessels spend more and more days waiting off major ports

There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.