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Container lines stand to have earned USD 190bn in 2021

Container shipping companies earned USD 190bn in 2021, expects Drewry, and 2022 is set to become even better with an estimated sector profit of USD 200bn despite limited growth in freight volumes.

Containers at the port in Singapore. | Photo: Roslan Rahman/AFP/Ritzau Scanpix

2021 was a year that further added to container lines’ already well-filled treasure troves, and the year ended so well that analyst firm Drewry upgrades its forecast for the carriers’ earnings before interest and taxes (EBIT) for 2021 to USD 190bn.

Drewry’s previous prognosis was USD 150bn, and the new expectation thus corresponds to a profit margin of roughly 43 percent.

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