Five container lines exceeded all of 2020 in first quarter of 2021

Container lines across the board had the best quarter ever in the beginning of 2021 in terms of their operating margins, with five companies exceeding their total 2020 results, writes Alphaliner.

Photo: HMM

Operating margins in the container industry reached an unprecedented high level in the first quarter of 2021, writes Alphaliner.

The analyst firm notes that average operating margins for the world's 10 largest carriers, with the exception of MSC, reached 38.2 percent. The profits were generated on the basis of revenues that correspond to just 40 percent of the annual revenue.

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