High contract rates boost earnings of five container lines

Several container carriers book record revenue and operating result for the first quarter. High contract rates will have the earnings boom continuing into the second quarter, writes Alphaliner.

Photo: PR / Cosco Shipping

Five major container lines led by Maersk have managed to book record-high revenues and operating incomes in the year’s first quarter as compared with the preceding quarter – with a single exception.

The operating result (EBIT) of the five carriers rose by an average of more than 12% in Q1 compared to the preceding quarter, with China’s Cosco, however, being the only one whose EBIT result didn’t set a record, according to Alphaliner.

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